RBI Governor will hold a press conference today, a big announcement for the general public
Given the situation posed by the Corona virus, where the central and state governments are constantly making big announcements, the RBI can make some big announcements in this country today. Today Shaktikanta Das, Governor of the Reserve Bank of India, will hold a press conference at 10 am and says there may be some big announcements to help people.
What can the RBI announce?
Thus, RBI's credit policy is due to come out on April 3 and it is likely that RBI is showing the possibility of reducing the repo rate but it is said that RBI has announced a reduction in rates today to improve the economy given the current situation. Besides, people demand that EMIs of their various loans be given relief from the government. In addition, some advertisements can be made to improve the status of banks.
Yesterday, the finance minister announced an economic package of Rs 1.70 lakh crore
Finance Minister Nirmala Sitharaman on Thursday announced the economic package. He said that under the Garib Kalyan Yojana, Rs 1.7 lakh crore would be provided to the Caribs. The Government of India yesterday announced relief for 80 million people.
Reserve Bank of India (RBI) governor Shaktikanta Das will address media at 10 am of March 27. The RBI Chief's press conference comes after Finance Minister Nirmala Sitharaman announced a Rs 1.07 lakh crore relief package for the poor on March 26.
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The economy has been battered by the coronavirus (COVID-19) pandemic and governments across the globe have taken measure to combat the impact. While the finance minister's announcements were aimed at the common man, the Das is expected provide some relief to corporate India as well.