#RBIPolicy's key highlights

Mood shifting from fear&despair,to hope

Rural economy is resilient

20000Cr OMO slated for 15thOct

RBI to conduct Rs 1 lakhCr #TLTRO,to further augment liquidity

Inflation to ease from Q4
GDP to enter +ve territory from Q4

#Dovish Policy,overall👍
Ample liquidity prevented RBI from reducing #REPO,which has been retained at 4%

Also,inflationary pressures,prevented any further reduction in rates,at this stage

@narendramodi govt completed its 1st half borrowing for FY21 at only 5.82%,lowest in 16 yrs,which is great news💪
Two takeaways from what RBI Governor said&that merit more attention,are

Risk weights will be assigned to all #HomeLoans henceforth,in relation to loan to value ratio,to de-risk home loans

Market operations to be allowed for State Development Loans,#SDLs,to ease States' finances
Salute to #RBIPolicy from equities, bond&currency markets👍

INR strengthened to $73.06/$

#BondYields for 10 yr,2030 bonds,fell 1.28%,in a big thumbs up

Financials have gained on the bourses,due to #liquudity measures

#HTM extension till 31stMarch2022 is big relief for banks💪

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Sanju Verma

Sanju Verma Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Sanju_Verma_

7 Oct
As @narendramodi ji completes 20 remarkable yrs of being at the helm,it is time to re-plug my book #TruthandDare,which captures everything--from the #Gujarat model of development,which saw 15% growth in 2005-06,to new age #Modinomics,which has lifted over 75mn people from poverty
Price of #NaturalGas will be determined by market forces,to increase affordability👇

It will debottleneck E&P sector& make e-bidding,competitive &transparent

Will reduce demand-supply anomalies&imports

Bridge Trade deficit in Oil&gas

#CabinetDecisions by @narendramodi govt💪
Another decision by @narendramodi gov is the approval for 16.6km Kolkata East West rail corridor,that will connect Howrah on West Bank of Hoogly river,with Salt Lake City on East bank

Total project cost,8575Cr;will boost mass transit system&be ready by Dec2021
#CabinetDecisions
Read 8 tweets
3 Oct
BIG news is,double lane,9.02km #AtalRohtangTunnel in Pir Panjal Himalayan range,built at altitude of 3000 metres from mean sea level

@narendramodi govt builds world's longest,high altitude tunnel that can handle 3000 cars and 1500 trucks per day,at speed of 80km/hr--Infra push💪
It has state of the art electro mechanical system,including semi transverse ventilation system, SCADA controlled firefighting, illumination&monitoring system

#AtalTunnel is extremely significant for India's defence&will reduce Leh-Manali-Lahaul-Spiti travel time by 46km/6 hrs💪
Built by BRDO,#AtalRohtangTunnel has telephone facility at every 150 metre stretch,a fire hydrant every 60 metre,emergency exits at every 500 metre,turning cavern every 2.2km, air quality monitors every 1 km, broadcasting&automatic detection system with CCTVs,at every 250 metre
Read 4 tweets
22 Sep
#LabourCodes provide exemplary flexibility to industries;Definition of "fixed term" employment has been changed,making it easier for firms to hire contractual workers

Fixed term/Contractuals&regular workers will enjoy equal benefits,in many spheres,to protect Contractual workers
Social SecurityCode by @narendramodi govt will universalize social security by bringing informal&platform workers, under its ambit

Firms with less than 20 workers can join #EPFO to get social security benefits

Big move by @narendramodi govt to give informal sector a safety net
Internal workers will be free to voluntarily join employee state insurance,#ESI,scheme for getting healthcare benefits

#SocialSecurityCode says,all employees will now have offer letter

States&Centre will create database on #migrant workers&offer them several benefits-Good move
Read 8 tweets
21 Sep
#FarmBills will soon be legislations,nothwithstanding antics in #rajyashabha,by likes of
#DerekOBrien& #SanjaySingh

@narendramodi,famously said, "Mind is never a problem;Mindset is"!

My #Oped in @DailyGuardian1 dissects,historic FarmBills, threadbare👇

thedailyguardian.com/modi-govts-far…
My Oped in #TheDailyGuardian which discusses each of the 3 #FarmBills in great detail,tells you why the Bills by @narendramodi govt will not only end #Monopoly by #Arhatiyas,but will also end the #Monopsony of APMC Mandis-Yes, you heard it right--Monopsony is worse,than Monopoly
#AgriReforms by @narendramodi👇

Onboarding 1000 #eNAMs

Setting up #FPOs to improve farmers' bargaining power

1 lakh Cr #AgriFund for investment in Post Harvest Infra

#InterestSubvention of 2%

Issuance of 6.7Cr+ #KCCs&Rs 6000 to over 14Cr farmers,via #PMKisan

#FarmBill2020
Read 5 tweets
19 Sep
Apart from historic #FarmBills to defang APMC,amendments to
#InsolvencyandBankruptcyCode,by @narendramodi gov,merit attention

IBC Bill mandates that default on repayment wef March25,2020 would not be considered for initiating insolvency proceedings for at least 6mnths-Big move
This amendment to #IBC will aid #MSMEs in particular,who may have been impacted by lockdown

Guiding principle of IBC by @narendramodi gov has been #Resolution of a distressed unit,to keep it as #GoingConcern

#Liquidation is the last resort&updated IBC Bill seeks to further that
Big highlight of #MonsoonSession is #Supplementary demand for addnl spending of 2.36 lakhCr by @narendramodi gov due to #Covid, of which 1.67 lakhCr is cash outgo

40000Cr more for #MNREGA
20000Cr for #PSBRecapitalisation
44340Cr as #RevenueDeficit grant to States&2262Cr to #SDRF
Read 4 tweets
18 Sep
My thread on historic #FarmBills by @narendramodi govto unshackle farmers from monopolistic #APMCs&give them freedom of price discovery,rebuts flimsy allegations

It also highlights why most farmers' protests are concentrated in Punjab

How Modi broke,the wily #Arhatiya system👇
* govt to
Do #AgricultureBills remove MSP? No!Do Bills remove Procurement by FCI?No

Do #FarmBills tamper with PDS?No

There are 6900 APMCs now,with each #APMC catering to 300-400 villages;The Bills will create new #TradeAreas that will not replace but compete with APMCs,hence the protests
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!