The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent. At the same time, the marginal standing facility and bank rate also remained unchanged at 4.25 per cent, while the reverse repo rate too remained unchanged at 3.35 per cent.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted unanimously to leave the policy repo rate unchanged at 4 per cent

The real estate sector in India is a torchbearer for the economy, contributing 6-7 per cent to GDP and is the second-largest employment generator after agriculture.

The Indian economy had tremendous potential and would certainly recover from the present downturn, Reserve Bank of India Governor, Shaktikanta Das has said.

While a sustained low-interest-rate regime is a challenge for operational HAM projects, the bank rate is expected to remain at low levels as the RBI monitors the situation to revive growth and mitigate the impact of COVID-19.

Announcing measures like cut in the repo rate and further measures to support the market through video conferencing , Reserve Bank of India Governor, Shaktikanta Das on Friday stated that citizens must have faith in India’s resilience and capacity to overcome all odds.

Further extension of the nationwide lockdown by Prime Minister Narendra Modi till May 3 is going to weigh on the economy.

The Rs 20 trillion economic revival package announced by Prime Minister Narendra Modi is among the most substantial in the world. Of the five pillars identified by Modi to support the edifice of a New India, infrastructure occupies the second place.

The world’s largest lockdown is expected to have a significant impact on India. Affecting over 1.33 billion people, among other things, the shutdown will set the clock on India’s humongous infrastructure sector back by several weeks if not months.