MNS urges RBI to set up a panel to resolve transporters’ woes
On Friday, Raj Thackeray, Maharashtra Navnirman Sena (MNS) chief urged the Reserve Bank of India to set up a high-power committee to look into the woes of transporters that are under financial burdens.
Raj Thackeray in a letter to Governor Shaktikanta Das of RBI claimed that many banks were not following the Centre’s guidelines of observing leniency while recovering dues.
“The RBI and Centre had issued guidelines to banks asking them to observe leniency in the recovery process in light of the Covid-19 pandemic. However, banks have not been honouring these guidelines,” the MNS chief stated in the letter.
“The RBI should set up a high-power committee to address the woes of the transport sector”, he said, adding that “the panel should also direct action against financiers who have violated the government’s directives”.
Some financiers issue notices for recovery and is charging Rs.2,000 per notice as fine, Thackeray claimed.
India’s economic recovery is strengthening and policymakers may soon have more room for steps to support the revival, Reserve Bank of India’s January bulletin said.
“Recent shifts in the macroeconomic landscape have brightened the outlook, with GDP in striking distance of attaining positive territory and inflation easing closer to the target. If these movements sustain, policy space could open up to further support the recovery,” the article said.
“Recent high-frequency indicators suggest that the recovery is getting stronger in its traction and soon, the winter of our discontent will be made glorious summer,” RBI paper said.