The government said the coronavirus infection rate in the country has almost halved since the Centre announced a nationwide lockdown from March 25. Meanwhile, the RBI has extended a ₹1 lakh crore lifeline to NBFCs, FIs to stay afloat during the Covid-19 crisis.
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In the wake of slowing economic growth and growing global uncertainty, the central board of the Reserve Bank of India approved transfer of ₹1.76 lakh crore surplus reserve to the central government.
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