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Dear Readers,

Bharat Economy: The ferocity of the COVID-19 second wave appears to be diminishing as the national vaccination drive speeds up. Active cases have been falling.

Throughout the country clamp down has been imposed off and on. Even factories are closed. MSME has been affected greatly. State Governments have not reduced charges for power maximum demand and guaranteed power off take. Large factories positions have been different.

RBI Governor Shaktikanta Das said that RBI remains committed for pro-active conventional and unconventional measures to elevate the stress of critical sectors. In reality many companies in sectors like hospitality, MSME, health, NBFCs and others are in severe stress. Their survival is at stake. These sectors could access to liquidity which were made available by the government and RBI during the first wave it was like “water, water everywhere and not a drop to drink”. Recently a separate liquidity window of `15,000 crore has been announced which will remain open till March 31, 2022 with tenors of up to three years at the repo rate. This on-tap Liquidity Window will provide support to hotels and restaurants, tourism, aviation support services and other services under this programme..........................

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