RBI Announces Rs 50,000 Crore Liquidity To Ramp Up Covid Infrastructure
Amid the second wave of the COVID-19 pandemic, the Reserve Bank of India (RBI) on Wednesday announced Rs 50,000 crore liquidity for ramping up COVID-related healthcare infrastructure and services till March 2022.
RBI announces Rs 50,000 crore liquidity for ramping up COVID-related healthcare infrastructure and services till March 2022: Governor Shaktikanta Das pic.twitter.com/PjBoEJVTsE
— ANI (@ANI) May 5, 2021
Making an unscheduled speech on Wednesday, RBI governor Shaktikanta Das said the Covid-19 pandemic has reversed the economic situation in India, with the country witnessing a shift from strong economic recovery to facing a fresh crisis.
Stating that the country needs to come together to marshal resources to contain the spread of the virus, Das said RBI will continue to monitor the ongoing situation and deploy all resources to fight the virus.
