Key Lending Rate Reduction To Benefit Consumers: Prakash Javadekar

INSUBCONTINENT EXCLUSIVE:
Minister for Environment and Forest Prakash Javadekar said on Saturday that the government has asked the banks to pass on the benefits to
the consumers.Addressing a press Conference, Mr Javadekar said the reduction in repo rate by the Reserve Bank of India (RBI) is an important
Till 2014, nobody wanted to come to India to invest, but now after reduction in corporate tax, a lot of investiment is coming
merger of banks will strengthen the financial institutions
This also helps RBI monitor credit outflows
Earlier we had 27 banks, now there are only 12
This has been welcomed by the people," added Mr Javadekar.He said government is improving connectivity - rail, road and air
Tejas and Vande Bharat Express is a a good beginning in this direction.Get Breaking news, live coverage, and Latest News from India and
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