“Introduction”
RBI had announced many worthy ideas to support banks and all sectors of economy to over come ongoing adverse impact of covid-19. pandemic covid-19 is going to continue after three months, in such cases bank will take a responsibility for the economy crises of India. Covid-19 had put a world to struggle to the greater extent. It mainly affects the economic development of the country. They had announced the new personal loans to support the financial year. Banks and all sectors of economy to overcome
“Price of the product increases”
Now a days, the producers are increasingly the price of the products. It is very difficult to overcome. Though they are getting more than ₹50000, it is impossible to beat the economy. Even though they are trying to save they earning, It is impossible in present day. so, it is offensive. Only few will have they savings. Not everyone. producers should reduce the price of the products considering the individual annual income. For they profit, any families are suffering without their daily needs. This announcement should be cancelled by considering the well being of individual.
This was made use by producers. SO, the price of the goods should be reduced. If it continues there will have many problems in the society and many will lose their life. Though it is had for the people to support and the RBI had been announced the loan for the future development. From this sufferings can be reduced. This loan wil help the people if they had no jobs and no income. As government had announced the new scheme.
Effects of cut-down:
This cut-down will affect economic directly. Economic slowdown has been aggregate by decline in consumption. Many families were leading their livehood through lending, if it has been slowdown them consumption rate were reduced. Money is the backbone to lead a life. If this cut-down as been expanded after three months there also the export export and import. India will come under a financial crises. It also failed to boost GDS.
Advantages of moratorium:
There were several Advantages. Mainly offered a relief to financially stressed homeowners, farmers because of announcing three months moratorium an loan Repayment. It has a greater advantage to industrial sectors because industries can get the chief loans from the repo rate. Bank also find it difficult to reduce a lending rate in the small period. people was affected. covid-19 had turned India’s economy. everything will have both a positive and negative impacts to the people and the country. Due to this financial crises, Bank passes on the benefit of lower interest rate to its customers.
“More measures by RBI”
To overcome the lockdown, RBI provides many protective measures by increasing the exports and imports to overcome financial crises. RBI had announced many worthy ideas to support banks and all sectors of economy to over come ongoing adverse impact of covid-19. pandemic covid-19 ia going to continue after three months, in such cases bank will take a responsibility for the economy crises of India. Covid-19 had put a world to struggle to the greater extent. It mainly affects the economic development of the country.
RBI is trying to arrest a potential breakdown caused by corona virus. so, RBI had announced a cut the leading rate for three months, which affect the country directly and indirectly. They announced instalments on term loans for three months. In this case, the people were lucky enough their is availability of stock in fuel. The covid-19 has wide impact on all the system globally and broken the values of the company. India, had many small scale industries. They were affected because of cut-down in lending rate. Bank also find very difficult to reduce a lending rate in short term. Loans were the main source for revenue. But now it reduced. It will cause the global financial crises. India will face great financial crises in future because of this pandemic covid-19. RBI, Governor Shaktikanta Das announced to cut the policy rate, which cause many economical issues.
“Conclusion”
RBI had announced many worthy ideas to support banks and all sectors of economy to over come ongoing adverse impact of covid-19. pandemic covid-19 aid going to continue after three months, in such cases bank will take a responsibility for the economy crises of India. Covid-19 had put a world to struggle to the greater extent. It mainly affects the economic development of the country.
