RBI News: Reserve Bank of India Governor Shaktikanta Das has given a big statement about the decline in the economy due to corona virus and lockdown. Das has said that the continuous availability of large amounts of cash from the RBI has ensured large-scale lending to the government at a low rate and without any hassle.
According to the report of the news agency, Governor Shaktikanta Das said that the Reserve Bank is fully prepared for whatever steps will be needed for the economy. We will take every necessary step, which will strengthen the economy.
Das said that education contributes to the economic development, in such a new education policy is historical and is necessary for the reforms of the new era. Earlier, Education Minister Ramesh Pokhriyal Nishank had said that after the implementation of NEP, 6% of the country’s GDP will be spent in education sector.
Please tell that this statement of the RBI Governor has come at a time when the hearing for relief in the loan moratorium is going on in the Supreme Court. The EMI was waived by the central government due to the lockdown, but after August this exemption was withdrawn.
Relief till September 28 – Earlier, during the hearing, the bench of the Supreme Court said that banks should not declare NPAs for this period if they do not repay any loan installment. The next hearing on this matter will be held on September 28. The case was heard by a three-judge bench of Justices Ashok Bhushan, R. Subhash Reddy and MR Shah through video conference.
Crossing 50 lakhs – According to the Ministry of Health and Family Welfare, 90,123 new corona cases and 1,290 deaths have occurred in India in the last 24 hours. The total number of positive cases in the country has increased to 50,20,360 including 9,95,933 active cases, 39,42,361 fine / discharge / migrated and 82,066 deaths.