Covid Update: Unscheduled Speech by RBI Governor Shaktikanta Das on new Coronavirus

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A speech is being broadcast at 10 am local time, by RBI (Reserve Bank of India) Governor Shaktikanta Das on 5th May 2021, which is an unscheduled appearance due to new coronavirus wave devastates the country.

Due to huge pressure on Prime Minister Narendra Modi from Industry specialist to impose lockdown so that spread can be stopped, which have compel RBI Governor to come in front, as previous lockdown have seen huge economic damage to country which was imposed last year.

Later lot of action from RBI have been planned to support under measure and action taken with loan holiday, cash injection and cutting into interest rates.

Currently too all capital expenditure limits have been lifted sothat amount of fiscal input requires can be implemented and bring the country back on track.