News:Reserve Bank of India(RBI) has announced several measures for strengthening the Economy in the uncertain times ushered in by the COVID-19 pandemic. Facts: Key measures: Repo Rate: It is the rate at which the RBI lends money to the banks for a short term.It has been reduced by 40 basis points from 4.4% to 4.0%.… Continue reading RBI announces nine additional measures for strengthening the Economy
Tag: economic measures
FM’s announcement may help revive investor confidence, boost markets
Finance minister had announced a number of economic measures to revive economic growth through fiscal stimulus. These measures were announced in the backdrop of (a)domestic and global growth concerns (b)weakening demand for India companies and (c)the threat of escalation of tariff war between US and China. The steps announced were such as (a)removing enhanced surcharge… Continue reading FM’s announcement may help revive investor confidence, boost markets
