With reference to the monetary policy decision amidst Covid-19 taken by RBI Governor, consider following statements

1. He announced to slash the reverse repo rate from 4 per cent to 3.75 per cent while keeping the repo rate unchanged.
2. The period of resolution plan for NPAs will be extended by 90 days and the loans given by NBFCs to real estate companies will get similar benefit as given by the scheduled commercial banks.
3. He extend the WMA limit for states from 30 per cent earlier to 60% which will enable states to borrow from the RBI and spend that money to provide support (both monetary and otherwise) to the people most badly hit by Covid-19.

Select the correct statement.

• RBI Governor announced to slash the reverse repo rate from 4 per cent to 3.75 per cent while keeping the repo rate unchanged. 
• He also announced 50,000 crore rupees booster package for small and medium-sized industries to recover from the lockdown.
• The period of resolution plan for NPAs will be extended by 90 days and the loans given by NBFCs to real estate companies will get similar benefit as given by the scheduled commercial banks. 
• It will extend the WMA(Ways and Means) limit for states by 30 per cent. Which means it comes to 60%. This will enable states to borrow from the RBI and spend that money to provide support (both monetary and otherwise) to the people most badly hit by Covid-19.
• These measures will help to maintain liquidity in the system, facilitate and incentivize bank credit flows, ease financial stress and enable formal working of markets. 

By: Shubham Tiwari