RBI announcements are business and people friendly: JP Nadda

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BJP National President Shri Jagat Prakash Nadda welcomes the announcements of RBI on 22 May, 2020. In series of tweets Shri Nadda said, “Today’s announcements by RBI Gov is in line with the vision of our Hon’ble PM to take steps which are both business and people friendly. These announcements will go a long way to help PM @narendramodi Ji’s efforts to keep the economy strong during and after the pandemic”.

  • He said, “Rs 15,000 crore line of credit for 90 days to EXIM bank & hiking exposure limits of banks are the effective steps taken by the RBI to deal the adverse effects of COVID-19 on Indian economy.”

  • Shri Nadda said, “RBI deserves praise for shepherding the economy in the right direction despite effects of Coronavirus. Many positive news; India’s foreign reserves have increased by $ 9.2 billion during 2020-21. Inflation is expected to fall below RBI’s target of 4% by third or fourth quarter”.