Read more about Covid impact: India s economy unlikely to see double-digit growth in FY22 on Business Standard. Barclays has pegged growth at 7.7 per cent in a bear-case scenario, if the country is hit by a third wave of the pandemic.
Greater fiscal support might be required to stabilise growth freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Small businesses and retail borrowers got special focus from the regulator in this latest round of Covid relief measures. The RBI announced resolution framework 2.0 for loans with exposure of less than Rs 25 crore that have not availed restructuring under the earlier framework and was classified as standard loans at the end of March 31.
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12 Apr, 2021 Author Eden Estopace
The Indian government should bear the regulatory risks and actively invest in building new roads, ports and airports, experts say, as the country seeks to address the biggest drag on its economic growth potential by establishing a new financial institution to fund infrastructure projects.
The Indian parliament in March passed a law to establish the National Bank for Financing Infrastructure and Development, a development finance institution that will aim to have a lending portfolio of at least 5 trillion rupees in three years and seek to attract multilateral institutions, sovereign wealth funds, pension funds, insurers, financial institutions and banks to raise money from the sale of financial instruments backed by state guarantees.