NEW DELHI, March 30 -- Dr. Niranjan Hiranandani as appended below on India INC applauds Robust Liquidity Infusion Step
Fresh liquidity of Rs 3.74 lakh crores injected into the system by unleashing staunch arsenal support by strong fiscal measures timely announced. In the crucial time where the Indian economy is battling the exponential contagion, fresh liquidity pumped in the system will certainly help to mitigate the stressed cash flow and debt pressure in the economic system. The RBI has rightly packaged the relief measures by amplifying all the best instruments to act as an economic troubleshooter, salvaging Indian economic slump amidst world recession.
In a much-awaited move, RBI has come up with measures to expand liquidity as it als...