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Parliament LIVE: UPA term was India's 'andhkaal', says FM Sitharaman

Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman

(Photo: ANI)

RBI Monetary policy LIVE: Reserve Bank of India’s bi-monthly Monetary Policy Committee (MPC) voted unanimously to keep both repo rates and reverse repo rates unchanged, RBI Governor Shaktikanta Das announced Thursday. RBI said it maintains an accommodative stance and will continue with it as long as necessary for a “durable and broad-based recovery” citing concerns over inflation and new Covid-19 omicron variant. The Repo rate has been left unchanged at 4% while the reverse repo rate is 3.35% “Overall taking into consideration the outlook for inflation and growth, in particular the comfort provided by improving inflation outlook, the uncertainties related to omicron and global spillovers, the MPC was of the view that continued policy support is warranted for a durable and broad-based recovery,” governor Das said.

Stay tuned for RBI Monetary policy LIVE updates

9:13 PM

Banks sanction loans worth Rs 3.1 trillion to MSMEs under ECLGS: Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said banks have sanctioned loans worth Rs 3.1 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions due to the coronavirus pandemic.

The scheme has been extended till March 2023.

"Those MSMEs who still wants to benefit out of it are welcome to use it... the amount of loan sanctioned under the ECLGS is Rs 3.1 lakh crore and guarantee space is still Rs 1.4 lakh crore," she said in her 100-minute reply to the discussion on Union Budget 2022-23 in Lok Sabha.

As much as Rs 2.36 lakh crore have been disbursed to MSMEs, she said. READ MORE...

8:53 PM

UPA Govt had given away our rights to secure food procurement policy: FM

8:06 PM

Banks sanctioned Rs 3.10 trn to MSMEs: FM

7:47 PM

Urban unemployment has declined, now at pre-pandemic levels, says FM

7:25 PM

Rampant corruption, double digit inflation were part of the dark age under Congress rule: FM

7:18 PM

Andhkaal prevailed during Congress rule: Sitharaman

7:12 PM

Govt is responding to the inflation situation: FM

Govt is responding to the inflation situation in india. There was double digit inflation during Congress regime. Every morning it was dreadful to see the newspapers with new scams coming to light, says FM.

7:10 PM