Coronavirus: JP Nadda Praises RBI Says, Reduction in Repo-Rate Will Strengthen Economy

Name: Coronavirus: JP Nadda Praises RBI Says, Reduction in Repo-Rate Will Strengthen Economy
Uploaded: 2020-03-27T00:00:00.000Z
Description: BJP president JP Nadda said that he welcomes the progressive and timely measure by RBI.He said, &quot;RBI has slashed down the Repo rate, Reverse Repo rate and Cash Reverse ratio to give strength to t....

BJP president JP Nadda said that he welcomes the progressive and timely measure by RBI.
He said, "RBI has slashed down the Repo rate, Reverse Repo rate and Cash Reverse ratio to give strength to the economy."
"To help the middle-class RBI has given moratorium of 3 months and also waving off interest," he further said.
Nadda said that Modi govt is taking action to help the citizens in this difficult time.
"Yesterday, Govt announced a relief package and today RBI has taken many important decisions to give support and stability to the Indian economy," JP Nadda said.

Also Read: Reduction in Repo-Rate Will Help Middle Class and Businesses: PM Modi