In an exceptional move, the Reserve Bank of India has announced bold measures to heal the ailing Indian economy currently infected due to unprecedented corona virus. In its seventh Bi-monthly Monetary Policy Statement, 2019-20, the RBI has reduced its policy repo rate by a massive 75 basis points to 4.40 percent and the reverse repo […]
Continue ReadingThe Corona pandemic has now spread from an industrial town Wuhan in China to 198 countries and the number of cases is increasing day by day. According to media reports, over 460,000 cases have now been reported and about 23000 people have lost their lives due to this virus across the globe. This is […]
Continue ReadingThe number of new corona virus cases may have reduced drastically in China where the infection reportedly started first but apparently in many other countries of the world not only new cases are being reported but their number is growing up every passing day. The virus has posed severe threat not only to the human […]
Continue ReadingThe Central Government has imposed moratorium on the YES Bank with effect from March 5, 2020 upon a recommendation of the Reserve Bank of India. Since then, the Central Bank has placed a withdrawal cap of Rs. 50,000 for the bewildered depositors subject to some need-based exceptions and has superseded its Board of Directors. Many […]
Continue ReadingThe coronavirus is not simply a disease that needs a cure, it is not even only an infection that needs to be contained, but also a fear that haunts and a possibility that it can affect humans, animals and economies, virtually anything that humans live with or deal with. And so coronavirus is not a […]
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