BJP president JP Nadda said today that the measures taken by the RBI to deal with the crisis caused by coronavirus will help protect the livelihoods of people by infusing liquidity and improving credit flow.
Under the leadership of Prime Minister Narendra Modi, the government is taking all necessary steps to help the economy cope with this crisis arising out of COVID-19, Mr Nadda said.
"Initial Rs 50,000 Cr to support small & mid NBFCs, refinance facilities of Rs 25,000 Cr to NABARD to help farmers, Rs 15,000 Cr to SIDBI to boost loans to start-ups & SMEs, Rs 10,000 Cr to NHB to support housing for all, will prove to be significant steps," the BJP president tweeted, citing various measures announced by RBI Governor Shaktikanta Das.
The Reserve Bank of India today cut the reverse repo rate and announced a slew of measures including re-finance window of Rs 50,000 crore and targetted long term repo auction of similar amount to deal with the impact of the COVID-19 pandemic.
Mr Das assured that the RBI will use all instruments at its disposal to deal with the challenges posed by the outbreak of the novel coronavirus, depending on the evolving situation.
World
India
State & District Details
| State | Cases | Active | Recovered | Deaths |
|---|
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
BJP To Appoint New National President By December As JP Nadda's Term Ends "Compromised Nation For Sake Of Vote Bank": BJP Chief On Mamata Banerjee "Half In Jail, Half On Bail": BJP Chief JP Nadda Slams INDIA Bloc Leaders World's Largest Isolated Tribe Makes Rare Appearance In New Footage 1 Passenger Dies As 12 Coaches Of Chandigarh-Dibrugarh Express Derail In UP Why BJP Lost Lok Sabha Polls In Uttar Pradesh - 6 Reasons In Party Report Face Of History's "Cruellest Man" Re-Created 440 Years After His Death 1 Passenger Dies As 12 Coaches Of Chandigarh-Dibrugarh Express Derail In UP Puja Khedkar's Mother Faces Attempt To Murder Charge Over Viral Gun Video Track Latest News Live on NDTV.com and get news updates from India and around the world.