India fighting ferocious rise in Covid cases: RBI

May 05, 2021 10:26

Reserve Bank of India governor Shaktikanta Das's address:

-- RBI will continue to monitor the emerging COVID19 situation and will deploy all resources and instruments at its command especially for the citizens, business entities, and institutions beleaguered by the second wave.

-- The devastating speed with which the virus affects has to be matched by swift and wide-ranging actions that are sequenced, calibrated and well-timed so as to reach out to various sections including the most vulnerable.

-- India is fighting the ferocious rise in cases.

-- The forecast of a normal monsoon by IMD is expected to sustain rural demand and overall output in 2021-22, while also having soothing impact on inflation pressures.

-- Rail freight registered growth of over 76% yr on yr in April. Toll collections in April suggest mobility declined but unlike abrupt halt during April 2020. Automobiles registration in April 2021 shown moderation compared to March. Tractor segment continues robust pace.

-- Banks Can Lend More To Medical Services Sector Till March 31.

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