Today its 7th day of lockdown in India, and data of Corona-virus victims are increasing day by day and the number of total positive cases is recorded to 1,251 and death cases are rise to 32. There are highly single day cases are registering which is 227 per day. Worldwide, the number of corona-virus cases are reached more than 7,85,850 and around 3780 have lost their lives so … [Read more...]
Impact of COVID-19: RBI cuts repo rate and the moratorium on repayment of all loans
Key Highlights RBI Governor announces to lowest ever cut repo rate by 75 basis points to 4.4%, Lowers reverse repo rate by 90 basis points. Central Bank cuts the Cash Reserve Ratio by 100 bps to 3%, Central Bank announces to unlock ₹ 1.37 lakh crore liquidity All Commercial Banks, Co-oporative Banks, All India Financial Institutions and Non-Banking Financial Company, to … [Read more...]