Due to rising cases of corona and night curfew and lockdown in many states, there has been an atmosphere of panic among the people whether the lockdown will happen again in the whole country. Lockdown has been imposed in many places in Maharashtra. So there is a Sunday lockdown in cities like Bhopal and Indore in Madhya Pradesh. Due to this, people are wondering if there will be a lockdown in the whole country again. About this, Reserve Bank of India Governor Shaktikanta Das has made it clear that at this time no one is afraid of a lockdown like last year.
Reserve Bank of India Governor Shaktikanta Das said in the Times Network India Economic Conclave that there is a matter of concern in the growing case of COVID-19 infection in the country, but this time we have additional measures to deal with it.
Focus on boosting the economy
Reserve Bank of India Governor Shaktikanta Das has made it clear that RBI is committed to use all its policy measures for revival in the economy while maintaining price and financial stability. There has been a recovery in the economy due to the opening of economic activities after the lockdown. On the same, Reserve Bank of India (RBI) Governor Shaktikanta Das said on the privatization of banks, that we are discussing with the government about the privatization of public sector banks and the process will be taken forward in this context. He said that it is our priority to maintain the financial health of the bank sector with a strong capital base, operating system with ethical norms.
The finance minister announced in the budget
In fact, on February 1, Finance Minister Nirmala Sitharaman had proposed the privatization of two public sector banks and one general insurance company while presenting the budget of 2021-22. In response to a question, he also said that economic revival should continue uninterrupted, there is no need to reduce RBI’s 10.5 per cent growth projections for FY 2021-22. Stressing the need for change in the financial sector for better delivery of services, the RBI Governor will have to disseminate effective rules that promote innovation.
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