Slowdown
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Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers
•Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans
RBI measures to expand bank credit, boost liquidity, says NITI Aayog vice-chairman Rajiv Kumar
•The RBI measures will revive credit flow by commercial banks and targeted long-term repo operation (LTRO) would further activate the corporate bond market and also provide much-needed liquidity to NBFCs, NITI Aayog vice-chairman Rajiv Kumar said on Friday
Coronavirus Outbreak: Real estate industry hails RBI move to boost liquidity in system
•The real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19
Coronavirus Outbreak: Bankers welcome Reserve Bank's steps to enhance liquidity
•The second set of measures announced by RBI for the COVID-19 pandemic-stricken economy got a thumbs-up from bankers who welcomed the steps taken as per the evolving market conditions
Prime minister Narendra Modi says RBI measures will enhance liquidity, credit supply
•Prime Minister Narendra Modi on Friday said the announcements made by the Reserve Bank of India will greatly enhance liquidity and improve credit supply
Coronavirus Outbreak: RBI governor Shaktikanta Das hopes India will stage sharp V-shaped recovery in FY22
•The Reserve Bank Governor Shaktikanta Das on Friday said there are a few slivers of brightness amidst the encircling gloom and hoped that India will stage a sharp V-shaped recovery in 2021-22 as projected by the International Monetary Fund (IMF)
ArcelorMittal gets fresh loan commitment of $3 bn; credit facility likely to be used for general corporate purposes
•The fresh credit facility, ArcelorMittal said, will provide additional financial flexibility in the current extraordinary circumstances.
Exports plunge 34.6% in March to $21.4 bn, steepest fall since FY09; imports down 28.7%
•India's exports plunged by a record 34.57 per cent in March due to a steep decline in shipments of leather, gems and jewellery and petroleum products, dragging the total exports in 2019-20 down to $314.31 billion, official data showed on Wednesday
Coronavirus Outbreak: Real estate industry sentiment plunges to record low during January-March quarter, survey says
•The real estate industry sentiment plunged to an all-time low during January-March as stakeholders turned pessimistic, foreseeing an adverse impact of the Covid-19 pandemic on demand-supply and liquidity in the market, a survey showed