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Here’s what else the RBI can do as pandemic rages on
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Here’s what else the RBI can do as pandemic rages onBy Anirban Nag and Ronojoy Mazumdar, Bloomberg
Last Updated: May 06, 2021, 02:07 PM IST
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Synopsis
As regulator of the banking sector, the RBI can ease loan repayment rules, especially for sectors badly hit by the pandemic’s second wave such as tourism, hospitality, aviation and small-scale industry.
Reuters
RBI’s MPC is likely to maintain its easing bias until rate-setters are sure that a recovery has started.
The Reserve Bank of India’s loan relief and liquidity injection plans unveiled Wednesday raise the question: What comes next as it seeks to ease the pandemic’s hit to Asia’s third-largest economy?
Apr 22, 2021, 6:14 AM – Updated on Apr 22, 2021, 8:48 AM
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The South Asian nation, which has the second-largest outbreak globally, reported 314,835 new infections, pushing the total to almost 16 million cases. The U.S., the worst-hit country, saw a peak of 314,312 cases on Dec. 21 and has only reported more than 300,000 infections on two days since the onset of the pandemic. Cases in America are now on a downward trend helped in part by aggressive vaccinations.
The deteriorating situation in India shows how the pandemic crisis has shifted firmly to the developing world, where variants are threatening containment measures and there are a lack of vaccines after supplies were taken up by richer nations.
India records world s highest one-day surge in COVID cases bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
General Insurance Corporation of India saw volume of 28.91 lakh shares by 14:14 IST on NSE, a 5.93 fold spurt over two-week average daily volume of 4.88 lakh shares
New India Assurance Company Ltd, Bajaj Electricals Ltd, CARE Ratings Ltd, Shoppers Stop Ltd are among the other stocks to see a surge in volumes on NSE today, 11 January 2021.
General Insurance Corporation of India saw volume of 28.91 lakh shares by 14:14 IST on NSE, a 5.93 fold spurt over two-week average daily volume of 4.88 lakh shares. The stock increased 2.94% to Rs.148.90. Volumes stood at 18.02 lakh shares in the last session.
New India Assurance Company Ltd recorded volume of 26.34 lakh shares by 14:14 IST on NSE, a 5.51 times surge over two-week average daily volume of 4.78 lakh shares. The stock gained 4.40% to Rs.135.30. Volumes stood at 15.59 lakh shares in the last session.