For a successful economy what steps should India take in Covid-19 situation?
Answers
Answer:
The steps add to previous measures which allow a one-off restructuring of loans to small businesses that were in default as of Jan. 1
— Loans to commercial property projects that are delayed for reasons beyond the control of the developer are allowed to be treated as standard for another year
REGULATORY DEFERRALS: Implementation of stricter regulations have been delayed
— Rules requiring banks to fund their activities through stable sources has been deferred to Oct. 1 from April 1
— Completion of Capital Conservation Buffer pushed to Sept. 30 from March 31
— Lenders allowed an additional 90 days to reach a resolution plan on large accounts in default (April 17)
SPECIAL WINDOWS: These include support for corporate borrowers as well as rural industry
— TLTRO 1.0 -- Rs 1 lakh crore of targeted long term funds from the central bank to banks for investing only in corporate bonds, aimed at easing cash crunch at firms (on April 15, RBI announced new rule capping the exposure of any bank to a single
Explanation:
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