Friday 22 May 2020

Sanjeev Sanyal, Principal Economic Adviser On RBI’s Repo Rate Cut by ET NOW

Sanjeev Sanyal, Principal Economic Adviser On RBI’s Repo Rate Cut

Video description:
The Principal Economic Adviser says that RBI's assessment of situation is spot on; Repo rate cut need of the hour. Here’s a look at the key points from his interview to ET NOW. RBI Governor has put together a package for the moment; Finance Ministry to work in tandem Have gone for a more calibrated approach when it comes to measures. Have to make sure measures is targeted well. Working very closely with RBI; will do whatever is needed, in calibrated way. Transmission issue a serious one & very looking at it carefully. Making sure there is no cascade of defaults. Have to continuously nuance measures based on feedbacks. There is demand for credit; not for invst but for working capital needs. Want to lower the whole architecture of interest rates which incl lower Repo. Govt taking serious supply-side measures. Have to create space for investments to come in. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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