“Introduction”
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. Reason for the sudden lending rate.
If the loans had been given to the respective owners, unfortunately they will affect by a pandemic disease. loans cannot be payed properly by the owner. in that cases, Bank should take a full responsibility towards the interest. Bank cannot offer the loans from their family because they were already in lack of economy. In such cases Bank will have the huge lose.
“Dream of Abdul Kalam”
India will become as the developed country during 2020, which was said by A.P.J. Abdul Kalam. He had the faith on future generation and the power of youngsters. The youngsters will prove them selves in every aspect and there will work of nation by obeying the rules and regulations lead by the government. He said this in 2015. But Now we are in 2020. But there is no development in the individual. There are against the government. The youngsters are the backbone of nation. This must be taken into consideration by the youngsters.
“Great achievement”
India is going to became the developed country. It is increasing economically. Citizens of India had several duties. The countries with the financial standard will come forward to overcome the problem in that summit. 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.
“Financial crises”
They provide a flow of vital medical supplies and other goods to over come the global economic slowdown. G20 submit also said, their will provide emergency measures aimed to protecting health will be targeted, proportionate, transparent and temporary. Many individuals were struggling for the basic requirements of life due to Covid-19, so their asked help to promote the welfare of nation to International Monetary fund and to world health organisation. They also came forward to beat the financial crises. International monetary fund counteract the social, economic and financial impacts of the pandemic, The nation resolve timely and transparent information. These organisation will stand to develop the economical drop-down. There remove the gap between the crises and the world health organisation. Not only their helps India, due pandemic Covid-19 entire world is threaded. So, they will provide the financial support to the nation. In G20, countries concentrated on china, France and Spain. where the drop-down is very high. The countries with the financial standard will come forward to overcome the problem in that summit.
Trade was largely affected because of pandemic disease, trade ministries are expected to meet soon to access the impact of pandemic on global trade. Financial services are provided by Global Trade, Transport and Global banking. This three were stopped for three months and can extend, which drop the country financially. To avoid unnecessary inference with Traffic and Trade, It had been stopped. Trade ministries should take a alternatives to develop the nation.
“Conclusion”
G20 summit: Nation pledges $5 trillion defend global economy against Covid-19 which was held on Thursday to overcome the financial crises of the year, due to outbreak of pandemic corona virus. Government had putting there efforts to support both financially and medically, Every individuals should aware of nation. Only thing is to stay home and safeguard themselves. Flow of vital medical supply and other goods to countries had been stopped. They bans on medical supplies to avoid unnecessary inference. It express concern to other nation by pledging the unity to maintain welfare. G20 advise to inject $5 trillion to support the global economy.
