Reserve Bank of India (RBI) Governor Shaktikanta Das will hold a press conference at 10 am today. During this, he can make big announcements.
Let us know that recently a research report of State Bank of India (SBI) came. The report said that the Reserve Bank of India (RBI) could extend the moratorium on debt repayment for another three months due to extending the nationwide lockdown till 31 May.
The National Disaster Management Authority (NDMA) had on Sunday announced to extend the lockdown to 31 May to prevent the outbreak of the coronavirus epidemic. The lockdown was implemented for 21 days on March 24 in the country to counter the Kovid-19 epidemic.
It was first extended to three May and then to 17 May. At the same time, RBI gave a three-month extension on payment of all term loans from 1 March 2020 to 31 May 2020.
20 lakh crore economic package insufficient: former RBI Governor Raghuram Rajan
Let me tell you that on Thursday, former Governor of Reserve Bank of India Raghuram Rajan had said that the package of Rs 20.9 lakh crore given by the central government to rescue the economy affected by Kovid-19 was inadequate. Rajan had said that the migrant laborers have been provided free food grains under the package, but due to the lockdown they (laborers) have become unemployed. They need money to buy milk, vegetables, edible oils, and pay rent.
Rajasthan Tourism App - Welcomes to the land of Sun, Sand and adventures