Govt asks banks to give loans to small businesses at lower rates

The government is pushing public sector banks to provide additional working capital to small businesses at 7.5% interest under the loan guarantee scheme that proposes to provide up to £30 billion, while also asking them to ensure that senior...

RBI sees GDP shrinking, cuts repo rate, extends moratorium

The Reserve Bank of India (RBI) has accepted that GDP growth will slip into negative territory this year, blaming it on the collapse in demand due to a slide in private consumption following the Covid-19 lockdown



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