Question

write a letter to the English daily telling him about the problems faced by commuters during this present social situation​

Answer 1

Answer:

Refer to the March 28 editorial ‘Handholding borrowers’, RBI’s announcement may help efforts to address the economic upheaval. Measures like lowering cost of capital, ensuring ample liquidity and providing a moratorium for three months on payments of all loans of retail and corporation borrowings will help ease financial burden and also protect against defaults. On the liquidity front, the measures are significant as the new cash-reserve ratio can bring liquidity to the corporate bond market. But the amounts involved may have to be expanded. The expansion of the scope of cash transfers, especially in the unorganised/informal parts of economy, should

be considered.