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RBI announces Rs 50,000 crore liquidity for ramping up COVID healthcare infrastructure

After the first wave of Corona, there was a recovery in the economy, but the second wave has once again created a crisis.

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Published on 5 May 2021 5:38 AM GMT

RBI announces Rs 50,000 crore liquidity for ramping up COVID healthcare infrastructure
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New Delhi: RBI Governor Shaktikant Das is holding a press conference amidst the second wave of Corona. Speaking at this press conference, he said that the second wave of Corona has affected the economy on a large scale.

The RBI is keeping an eye on the conditions related to this. A big step is needed against the second wave.

Shaktikanta Das said in the media address-

After the first wave of Corona, there was a recovery in the economy, but the second wave has once again created a crisis. The government is accelerating vaccination. He further said that there are signs of recovery in the global economy. Talking about India, the Indian economy also seems to be recovering from the pressure.

RBI Governor Speech:

Lockdown and other restrictions have been imposed in several states to prevent the second wave of the Covid-19 pandemic, which is likely to hurt the economy. However, the RBI is keeping its eye on the situation.

A good monsoon further increases the demand for rural demand. Slowing is also seen in manufacturing units.

RBI announces Rs 50,000 crore liquidity for ramping up COVID-related healthcare infrastructure and services till March 2022: Governor Shaktikanta Das

Build-up in input price pressures across sectors, driven in part by elevated global commodity prices remains a concern. Inflation trajectory over rest of the yr will be shaped by COVID19 infections & impact of localised containment measures on supply chains & logistics: RBI Governor

But even at this time, in run-up to next MPC (Monetary Policy Committee) when our teams are analysing various incoming data, we don't expect any broad deviation from projections made in our April MPC but you'll have to wait for MPC statement due in June 1st week: Shaktikanta Das


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Yogita

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