<p> Union minister Prakash Javadekar on Friday said the RBI’s measures to help businesses tide over the economic crisis in the wake of the coronavirus outbreak would boost economic activities.</p>.<p>The Reserve Bank of India has asked all lending institutions to allow a three-month moratorium on EMI payments in order to infuse liquidity into the system. It has also allowed banks to defer interest on working capital loans for the next three months</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/economy-business/covid-19-effect-rbi-allows-banks-to-defer-emis-on-home-auto-loans-for-3-months-818123.html" target="_blank">COVID-19 effect: RBI allows banks to defer EMIs on home, auto loans for 3 months</a></strong></p>.<p>".@narendramodi government's historical decisions in succession. Three months moratorium on repayment of #EMI will help all home buyers, vehicle buyers and other customers. #IndiaFightsCorona #StayHomeStaySafe #RBIActs," Javadekar said on Twitter.</p>.<p>"Steps announced by #RBI will reduce interest burden on businesses/industries and will boost economic activities," the minister, who holds multiple portfolios including Information and Broadcasting, said in another tweet.</p>.<p>RBI Governor Shaktikanta Das said about Rs 3.74 lakh crore liquidity on aggregate basis will be infused into the financial system to deal with the COVID-19 pandemic.</p>
<p> Union minister Prakash Javadekar on Friday said the RBI’s measures to help businesses tide over the economic crisis in the wake of the coronavirus outbreak would boost economic activities.</p>.<p>The Reserve Bank of India has asked all lending institutions to allow a three-month moratorium on EMI payments in order to infuse liquidity into the system. It has also allowed banks to defer interest on working capital loans for the next three months</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/economy-business/covid-19-effect-rbi-allows-banks-to-defer-emis-on-home-auto-loans-for-3-months-818123.html" target="_blank">COVID-19 effect: RBI allows banks to defer EMIs on home, auto loans for 3 months</a></strong></p>.<p>".@narendramodi government's historical decisions in succession. Three months moratorium on repayment of #EMI will help all home buyers, vehicle buyers and other customers. #IndiaFightsCorona #StayHomeStaySafe #RBIActs," Javadekar said on Twitter.</p>.<p>"Steps announced by #RBI will reduce interest burden on businesses/industries and will boost economic activities," the minister, who holds multiple portfolios including Information and Broadcasting, said in another tweet.</p>.<p>RBI Governor Shaktikanta Das said about Rs 3.74 lakh crore liquidity on aggregate basis will be infused into the financial system to deal with the COVID-19 pandemic.</p>