The tragic death of the army


Just a day later, the Reserve Bank of India (RBI) came out all guns blazing to arrest a potential slowdown caused by coronavirus (Covid-19), lowering the policy repo rate by 75 basis points to 4.4 per cent, and telling all banks and housing finance companies not to take instalments on term loans for three months.


Earlier, Sitharaman had also announced another set of regulatory and compliance relief measures across sectors. She had said that the threshold for default under the Insolvency and Bankruptcy Code was increased to Rs 1 crore from Rs 1 lakh, to prevent triggering of bankruptcy proceedings for micro, small and medium enterprises, removed charges for three months for debit card holders withdrawing cash from ATMs of other banks, waived off the minimum balance fees, and extended the date for most direct tax and goods and service tax filings to June 30.

  • Hadish Ayalew

    I need to difence force on line