https://www.taxtmi.com/news?id=22847 The MPC reduced the policy repo rate and maintained an accommodative stance to support growth amid COVID 19, citing acute downside risks to GDP and a highly uncertain inflation outlook. Complementary measures include rollover of a refinance facility to SIDBI, extended compliance time under the voluntary retention route for FPIs, extensions for export credit tenors and import payment periods for specified shipments, a liquidity line to EXIM Bank, extension of loan moratoria and working capital reliefs with permitted conversion of accumulated interest into a funded interest term loan repayable within the current financial year, a temporary rise in banks' group exposure limit, and relaxed withdrawal norms for states' Consolidated Sinking Funds. en-us Fri, 22 May 2020 16:56:29 +0530 Fri, 22 May 2020 16:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22847 The MPC reduced the policy repo rate and maintained an accommodative stance to support growth amid COVID 19, citing acute downside risks to GDP and a highly uncertain inflation outlook. Complementary measures include rollover of a refinance facility to SIDBI, extended compliance time under the voluntary retention route for FPIs, extensions for export credit tenors and import payment periods for specified shipments, a liquidity line to EXIM Bank, extension of loan moratoria and working capital reliefs with permitted conversion of accumulated interest into a funded interest term loan repayable within the current financial year, a temporary rise in banks' group exposure limit, and relaxed withdrawal norms for states' Consolidated Sinking Funds. News - Fri, 22 May 2020 16:56:29 +0530 https://www.taxtmi.com/news?id=22847