MUMBAI, 22 MAY, 2020 (GPN): Mr. Anuj Khetan – Director, Vijay Khetan Group shares his perspective on today’s RBI announcement: “RBI has played its part but banks need to do theirs by transmitting the rate cuts to the consumers. The extension of the moratorium on loans by further 3 months would bring in some relief to the borrowers in this difficult situation. These measures will have a cascading effect on the economy by offsetting some pains of the salary cuts faced by employees as the biggest expense are the EMIs for everyone. RBI and the Finance Minister will need to work in tandem to bring in long-term economic measures to push businesses atleast in the first gear from neutral rather than giving piece meal solutions which are like temporary band-aids which will hurt even more when it will be ripped; pushing the economy in reverse.