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Last updated: 07 Jan, 2019  

RBI.Thmb.jpg RBI Governor meets MSMEs, assures liquidity

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SME Times News Bureau | 07 Jan, 2019

The RBI will ensure adequate liquidity measures whenever needed, but with caution, said new Governor of the central bank Shaktikanta Das.

Liquidity should not become "loose money" and the apex bank would excercise the measures with caution while assuring adequate liquidity measures whenever the need arises, Das said on Monday.

The Reserve Bank of India has "a sense" of the current liquidity situaiton and after his appointment as its Governor has announced additional infusion of liquidity via open market operations (OMOs) of Rs 60,000 crore, Das said after meeting the representatives of Micro, Small and Medium Enterprises (MSMEs).

"While dealing with the issue of liquidity, I would also like to say that it is something which the RBI is constantlyy monitoring and will take steps whenever there is a need to deal with the liquidity deficit, if it is noticed.

"... At the same time I must also add the RBI would not like a situation where liquidity becomes a kind of a loose money. Any infusion of liqidity will have to be very carefully considered and has to be need-based. So, the caution and care has to be excercised by the RBI, that excess liquidity which sometimes has adverse consequences that is not created," he added.

Das further said that he will meet the representatives of Non-banking Financial Companies (NBFCs) on Tuesday in Mumbai.

 
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MSMEs are scape goats of bigger games
Bhagawath Prasad | Mon Jan 7 17:15:19 2019
Post 2014 elections new government is being formed , MSMEs felt that it's going to be great for their business , then came bomb drop note-ban , MSMEs felt that economy will be more on white money and felt happy continued augmenting their capacities on a faith of " Ache Din Aayega" , while new investments yet to start chugging , another bomb shell GST hit their back , saga continued , adjustments , corrections , confusions , meanwhile slow-down started in real-estate and Telecom , MSMEs those supporting the above mentioned two sectors are most suffered ,order book went thin and thinner, inorder to service term loans and regular expenditure , they knocked the doors of NBFCs and got caught in vicious cycle paying both loans , Now PCA norms restricted further borrowing , hand-loan mechanism got crippled, operational expenses went up due to high cost of power, rentals and NBFCs high cost interest , saga of MSME troubles continued , "Ache din" movie ended with tragic note at 2019 , movie ending has a note from RBI , those who are stressed seeing movie , if you are strong enough and sustained until Jan 2019 , we shall restructure your movie ticket , now MSMEs are confused with thumb in their mouth and wondering what happened.The above MSME biopic may look funny,but true fact is helping hand to MSMEs are like shadows appearing like water pool in desert,I will have to wait and see what;s new commitee is going to do for MSMEs, hopefully,me and my business is strong enough to see that


 
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