New Delhi, October 05, 2019: In the backdrop of weakening economy and falling GDP growth as an outcome of domestic policy disruptions and geo-politics trade war fuming around globally, Dr Niranjan Hiranandani –National President -NAREDCO sounds affirmative by saying that, “India’s Monetary Policy Committee’s continues its ‘Accommodative’ stance for the fifth consecutive time in this year by reducing the repo rate by 0.25 bps which now stands at 5.15%. The paring of repo rate is a move inclined to revive economic growth, ensuring inflation remains muted and spur up the consumption and investment. He also further pointed out that, “with the short term liquidity squeeze prevailing in the economy, even positive net worth companies across the industries are turning into the negative balance sheet. The current economic scenario makes it the right time for RBI to announce its one time roll over scheme similar to that was rolled out during the Lehman crisis in 2009 under the global slowdown scenario, which shall act as remedy to the ailing companies.”
Corporate Comm India (CCI Newswire)
New Delhi, May 01, 2024: As part of its 8th-anniversary celebrations, DLF Mall of India…
New Delhi, April 29, 2024: The anticipation of the Noida International Airport's opening, likely by…
New Delhi, April 22, 2024: Accacia, a decarbonisation platform focusing on the Real Estate and Infrastructure…
New Delhi, April 15, 2024: BOP Group, the leading real estate consultancy firm in the Delhi-NCR…
Project offers panoramic views of the Arabian Sea & Bandra-Worli Sea link Mumbai, April 13,…
Delhi, April 03, 2024: Arthshila, an initiative of the Takshila Education Society, launched an exclusive…