Rate cut transmission
Bikky Khosla | 23 Jun, 2020 |
| Amid the ongoing COVID-19 crisis, the Reserve Bank of India (RBI), in an out-of-turn Monetary Policy Committee (MPC) meeting last month, reduced the key interest rate or the repo rate by 40 bps. In another relief to commercial borrowers, the central bank extended the loan repayment moratorium for another three months till August 31. |
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Loan disbursal under ECLGS
Bikky Khosla | 14 Jun, 2020 |
| Public sector banks have sanctioned loans worth Rs 29,490.81 crore under the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) as of 11 June, 2020. Of this, an amount of Rs 14,690.84 crore has already been disbursed. |
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MSMEs redefined
Bikky Khosla | 08 Jun, 2020 |
| In a notification issued last week, the Micro, Small and Medium Enterprises (MSMEs) ministry revealed that the new definition of MSMEs will come into effect from July 1, 2020. So, the long wait is over now. |
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GDP data: Economy needs more support
Bikky Khosla | 02 Jun, 2020 |
| India's GDP growth rate fell to 3.1 percent in the last quarter of FY 2019-20 against 5.7 percent rise reported for the like period of the previous fiscal, resulting in 4.2 percent fall in overall growth for the whole fiscal |
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Welcome measures by RBI
Bikky Khosla | 25 May, 2020 |
| The Reserve Bank of India last week reduced lending rates by 40 basis points to 4 percent from 4.40 percent after a yet another out-of-turn Monetary Policy Committee meeting. |
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MSME stimulus
Bikky Khosla | 19 May, 2020 |
| The micro, small and medium enterprise (MSME) sector, which has been hit hard by the economic shock caused by the Coronavirus pandemic, received a major relief in the form of a tailor-made stimulus package |
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Exports opportunities arising out of COVID-19
Bikky Khosla | 12 May, 2020 |
| A global rating agency last week said that the Indian economy will not grow in the current financial year due to the “deep shock” triggered by the Coronavirus outbreak. No doubt, the ongoing nationwide lockdown has severely impacted the economy |
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Reviving economy post lockdown
Bikky Khosla | 05 May, 2020 |
| The Coronavirus lockdown has been further extended, but the Centre this time introduced several relaxations. The decision came at a time when the country’s total number of COVID-19 cases has climbed over 42,500 |
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