RBI offers on-tap TLTRO worth Rs 1 lakh crore, OMOs for state bonds to keep lid on yields

Improving liquidity through TLTRO/OMOApprox Read Time: 6 min In News: While keeping the key policy rates unchanged, the RBI has announced various measures to bring more liquidity in the financial markets, keep bond yields under control, and improve availability of debt to specific sectors. Improving liquidity through TLTRO/OMO Measures announced: On-tap TLTRO to improve liquidity:The RBI has introduced on-tap targeted long-term repo operations (TLTRO) of Rs 1 lakh crore for providing additional…

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National Bytes: UDAY scheme seems unsuccessful

UDAY scheme seems unsuccessfulApprox Read Time: 5 minutes  In News: Four years after it was launched, UDAY (Ujwal DISCOM Assurance Yojana)— the path breaking reform to revive electricity distribution companies (DISCOMS) — is falling apart. The UDAY scheme now seems to be charting the same course as the earlier two unsuccessful attempts to set right the electricity distribution sector.The scheme had some positives, though, of the 28 states that implemented…

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