RBI Makes Loans Cheaper, Offers Big Relief On Interest Payments Too

The announcements were aimed at countering the fallout from the ongoing nationwide lockdown to contain the spread of coronavirus pandemic, which has pushed the economy into a standstill, hurt businesses and landed thousands jobless. In his first address to the media after the government detailed the fiscal and monetary stimulus worth Rs 20.97 lakh crore, Mr Das said economy is expected to remain in the negative territory in the cu...