Reserve Bank of India announces measures to boost economy amid COVID-19 crisis May 5, 2021
The RBI Governor said that the bank would deploy all resources to support citizens, financial institutions and businesses 115 CLAPS
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The Governor of the Reserve Bank of India (RBI) Shaktikanta Das released a statement on Wednesday, detailing various measures the bank is taking to support the economy. India is currently fighting a mutant strain of the COVID-19 virus amidst a second wave of the pandemic.
Along with a devastating impact on human life, businesses and livelihoods are also being affected. “As in the recent past, the RBI will continue to monitor the emerging situation and deploy all resources and instruments at its command in the service of the nation,
High frequency indicators showing mixed signals: RBI Guv
By IANS |
Published on
Wed, May 5 2021 15:57 IST |
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High frequency indicators showing mixed signals: RBI Guv. Image Source: IANS News
Mumbai, May 5 : As country battles the Covid crisis and states go for lockdowns, Governor of the Reserve Bank of India (RBI) Shaktikanta Das has said that high frequency indicators are showing mixed signals for the Indian economy.
He said that aggregate demand conditions, particularly in contact-intensive services, are likely to see a temporary dip, depending on how the Covid situation unfolds.
With restrictions and containment measures being localised and targeted, businesses and households are learning to adapt, Das said, adding that, consequently, the dent to aggregate demand is expected to be moderate in comparison to a year ago .
Biden Will Give Everyone More Money
Commentary
President Joe Biden must have been reading W.W. Jacobs, an English author of charming short stories who wrote around the turn of the 20th century.
Jacobs’s stories are often related through the mouth of a night-watchman at a wharf in London’s docks. “An Odd Freak” begins: “‘Speaking o’ money,’ said the night-watchman, thoughtfully, as he selected an empty soap-box on the wharf for a seat, ‘the whole world would be different if we all ’ad more of it. It would be a brighter and a ’appier place for everybody.’”
The president has taken this message, so obviously true, to heart. The night-watchman has become his economic guru. Thanks to the president, then, everyone will soon have much more money than before, although (as is always the way) some will get more of it into their hands than others, depending on whether or not they are government contractors, members of favored groups, and so on.
Press Release – Mindful Money
Mindful Money Awards have just released their high level line-up of speakers for their inaugural Ethical Investment conference and awards, which will be taking place at Generator@GridAKL in Auckland on 29 June. Entries for the seven awards categories close on 10th May.
Barry Coates, founder and CEO of Mindful Money commented:
“We have been pleased with the level of interest in the awards, but time is running out to get the entries in. Managers of ethical and impact funds, financial advisers and journalists should go to https://mindfulmoney.nz/pages/23/awardsentry/ to make an entry before they close on 10th May.”
Mindful Money Awards have just released their high level line-up of speakers for their inaugural Ethical Investment conference and awards, which will be taking place at Generator@GridAKL in Auckland on 29 June. Entries for the seven awards categories .