RBI Governor Shaktikanta Das held a meeting with the heads of public and private sector banks on Saturday 2nd of May, 2020 in two different sessions through video conference to discuss on the various issues to reduce the stress in the financial system among the pandemic of corona-virus and review of the current economic situation were also discussed. Credit flows to different … [Read more...]
RBI announces liquidity support to Mutual Funds worth ₹ 50,000 crore
Last week US-based Franklin Templeton Mutual Funds close its six debt schemes. And the Reserve Bank of India on Monday 27th of April 2020 has announced a ₹ 50,000 crore special liquidity facility for Mutual Funds among heightened volatility in Capital Markets in reaction to COVID-19. These six schemes are: Franklin India Low Duration Fund (FILDF) Franklin India Dynamic … [Read more...]
COVID-19 outbreak affect economy across the world
The Corona outbreak, which originated in China now rapidly spread across the world and has infected more than 10,15,000 or death cases are more than 53,000 worldwide. After Italy, the Novel corona-virus affected the United States of America and the number of cases is never stopping but still, the number of counting of infected peoples is continuing. Efforts to prevent pneumonia … [Read more...]