Finance Minister Nirmala Sitharaman in the Modi government of India has said that the Corporate Affairs Secretary held a meeting with representatives of the Confederation of Indian Industry (CII), FICCI, ASSOCHAM and the PHD Chamber and listened to their concerns.
Sun Pharma Company came forward to battle Corona, will donate 25 crores medicines and sanitizer
In a tweet issued by ANI, it has been said that the Finance Ministry will continue to work continuously on the basis of input from the industry. The government has talked to various industries boards at a time when the government has taken various measures to reduce the loss due to lockdown this week. While the finance ministry has announced a package of more than Rs 1.70 lakh crore. On the other hand, the central bank has also come forward to handle the situation.
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RBI Governor Shaktikanta Das, while addressing the media yesterday, said that in the event of crisis arising due to coronavirus, the Central Bank’s Monetary Policy Committee meeting was held on 25-27 March. During this, the MPC announced a drastic reduction of 0.75% in the repo rate. A reduction of 0.90% in the reverse repo rate was announced. The relaxation of CRR for banks was announced by the central bank.
