New Delhi, (thestates.news)
Union Minister
for Finance & Corporate Affairs Nirmala Sitharaman said on Friday that the
government was closely monitoring transmission of repo rate cut by the Banking
Sector and recognises efforts of wealth creators in scripting India’s growth
story.
‘We are closely monitoring the situation in consultation with banks so that
relief measures announced by the Government are effectively percolated at
ground levels especially the transmission of repo rate cuts to consumers in
terms of reduced interest rates,’ said Ms Sitharaman in her interaction with
the Managing Committee Members of PHD Chamber of Commerce and industry through
video conferencing.
She said the Government has always recognised the importance of wealth creators
as they generate employment opportunities and utilise resources in optimal
manner for promoting the socio-economic development in the country. (uni)(mediasaheb.com)
Govt closely monitoring transmission of repo rate cut by Banking Sector: FM Nirmala Sitharaman
