Is GST Driving Credit Growth To MSMEs?
Post GST, credit to MSMEs has grown at a faster rate even as overall credit growth has faltered.
Post GST, credit to MSMEs has grown at a faster rate even as overall credit growth has faltered.
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
Moratorium extended, banks’ group exposure increased to 30%; slew of measures to support economy affected by Covid-19.
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
A week ahead of Diwali, PM Narendra Modi reached out to the BJP’s traditional support base of small and medium businesses with a bunch of measures to boost their growth.