By Administrator_India Capital Sands Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the Supreme Court on Wednesday asked it to clarify its stand within a week on the waiver of interest on loan repayments during the moratorium period. A Bench headed by Justice Ashok Bhushan said the government had failed to clear […]
By Administrator_India Capital Sands China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy, after it contracted for the first time in decades. The one-year loan prime rate was lowered by 20 basis points to 3.85% from 4.05% previously, while the five-year LPR […]
By Administrator_India Capital Sands India’s finance minister said on Thursday the country could not support a general allocation of new Special Drawing Rights by the International Monetary Fund because it might not be effective in easing coronavirus-driven financial pressures. Finance Minister Nirmala Sitharaman said in a statement to the IMF’s steering committee that she also […]
