RBI Governor Shaktikanta Das

Photo: Business Today

RBI To Provide Rs 50,000 Cr Under Priority Sector Lending For COVID-19

The Reserve Bank of India has announced Rs 50,000 crore under the priority sector lending for the COVID-related health infrastructure. RBI Governor Shaktikanta Das on May 5 said that the amount will be dispersed till March 31, 2022, and it will be used for hospitals, oxygen suppliers, vaccines and drugs among other COVID requirements. Besides, he stated that banks will be creating a COVID-19 loan book for this purpose. 

Wed, 05 May 2021 - 03:56 PM / by Nikita Thakur

Tags
RBI
RBI GOVERNOR
Covid-19
Health Infrastructure
SHAKTIKANTA DAS
Courtesy
The Hindu

You May Like

Tata Motors

Tata Motors Technologies Unit Files For IPO

Tata Technologies, a unit of Indian carmaker Tata Motors filed for an initial public offering (IPO),  confirmed Tata Motors said in an exchange filing. On March 9, the automobile company said they will not offer any of the 95.7 million shares,… read-more

TAGS: TATA Motors, Tata Technologies, IPO, Shares, INDIAN MARKET

Power Grid

Power Grid Holds Meeting And Approves Investment For Projects

Power Grid Corporation of India Limited informed about approved investment for several projects. The decision was taken by the board of Directors of the company in their meeting held on March 6. The Power Grid approved investment for Eastern… read-more

TAGS: Projects, Power Grid, Indian government, business, Growth

Electric Vehicle

EVs Production In India Will Make It Dependent On China

The production of electric vehicles (EVs) in India will increase its reliance on China for raw materials, mineral processing, and battery production. The Global Trade Research Initiative (GTRI) stated that a life cycle impact analysis is required… read-more

TAGS: EVs, China, Market, Indian Automobiles, Production

Indian Rupee- US Dollar

Indian Rupee Hit All Time Low, Settles At 82.29 Against USD

The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8.  The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more

TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade

Bitcoin

Money Laundering Laws Applies To Crypto Trading: GoI

In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital… read-more

TAGS: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders

Mohit Joshi

Mohit Joshi Appointed As New Tech Mahindra CEO & MD

Mohit Joshi, the President of Infosys, is the new Chief Executive Officer (CEO) of Tech Mahindra. On March 11, the Tech Mahindra announced that Mohit Joshi, who is currently serving as the President of Infosys, will take over as the as MD &… read-more

TAGS: Tech Mahindra, Infosys President, Mohit Joshi, business, Next md and ceo