<p style="text-align: justify;"><span >The increase in the threshold to Rs 50 crore from Rs 25 crore for Resolution Framework 2.0 is a pragmatic decision and would help ease the pressure off the small to mid-sized entities,&quot; the ASSOCHAM Secretary General said. &ldquo;We would like to thank RBI governor   Shaktikant Das for accepting ASSOCHAM&rsquo;s recommendations to provide urgent relief to the worst impacted hospitality sector and extend support to the struggling MSME segment&rdquo;.</span></p>
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            <p style="text-align: justify;"><span>He said the decision to enhance the G-SAP limit to Rs 1.20 lakh crore in the second quarter of the current fiscal is a firm signal to the money market of the RBI being in command of the situation even in the midst of a global health emergency.</span></p>
          
            <p style="text-align: justify;"><span>&quot;RBI has been stellar in its performance right through this pandemic crisis with the result that all participants of the financial markets - stocks, bonds, banks, forex - have shown a great amount of resilience and adaptability to the ever-changing situation. Its coordination with the government has been excellent with the result that the fiscal and monetary arms of the system are in perfect sync to face the storm&quot;.&nbsp;</span></p>
           
            <p style="text-align: justify;"><span>The RBI&apos;s macro projections of 9.5 per cent growth and retail inflation of 5.1 per cent for FY&apos; 22 are in line with the current situation marked by calibrated opening of the economy, to be helped by increasing penetration of vaccination and the ensuing uptick in the rural demand.</span></p>
          
          
            
           
           