RBI holds rates; unveils new measures
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
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RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
Budget gives ₹1.34 lakh crore boost to agriculture
The allocation for agriculture has risen by 31.9% as against the revised Budget allocation of ₹1.02 lakh crore in FY20.
IFC, others to invest $550 million in L&T Finance
IFC seeks to modernise Indian farming and increase farmer incomes with its latest investment in L&T Finance. The money will be lent to farmers to buy equipment in low-income states.
