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The East African
Saturday January 02 2021
We are at that time of the year when we look at what we have crossed on our last year’s list of new year resolutions. PHOTO | COURTESY
Summary
Lockdowns, quarantine, social distancing, travel restrictions, face masks, coronavirus fight were common words.
Lost jobs and livelihood, postponed travel, closed borders and people working from home became the new normal.
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There are so many jokes about 2020 and the new year. 2020 wasn t easy; there was so much uncertainty from the global pandemic, to earthquakes, general elections and floods. It was a tough and eventful year.
In December 2019, Covid-19 was identified in Wuhan, China, and in March 2020 the World Health Organisation declared it a global pandemic. Covid-19 saw lives rearranged.
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The credit channel of monetary policy transmission in India is robust, however, its effectiveness is hampered by asset quality of issues of banks, an RBI working paper on “asset quality and credit channel of monetary policy transmission in India” revealed. Hence, for monetary policy actions to have their full impact, banks need to strengthen their capital position and address quality issues. While asset quality issues have an impact on the credit growth of the economy, better capital position of banks can negate the effect. “Controlling asset quality, in the short-run, the credit channel of monetary transmission of public sector banks is stronger relative to that of private sector banks”, the RBI working paper said.
Corona-Zahlen in Deutschland: Wert explodiert - RKI nennt Grund wa.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wa.de Daily Mail and Mail on Sunday newspapers.