As a temporary measure for the finance environment of the nation the Reserve Bank Of India had enhanced the borrowing limit under the MSF (Marginal Standing Facility) Scheme of the scheduled banks from 2% to 3% of their Net Demand and Time Liabilities (NDTL) with effect from March 27, 2020. RBI's decision has been taken … Continue reading Under MSF RBI has decided to Extend The Increased Borrowing Limit Till September 30
The Covid-19 pandemic has resulted in the economies of nations across the world to plummet at scales last witnessed during the Great Depression. Governments embarked on implementing measures to restrict social interactions, which saw the closing down of businesses and industries that posed higher risks to the spread of the virus. Months later, governments are … Continue reading Stimulus checks the blessing and the curse waiting to happen.