There is a tweet from former Finance Minister and senior Congress leader P Chidambaram on Monday. He lauded the RBI's prompt action to save the mutual fund industry from liquidity crisis by announcing a Rs 50,000 crore special liquidity facility for mutual funds. The Reserve Bank of India (RBI) on Monday announced a Rs 50,000 crore special liquidity facility for mutual funds, four days after US-based Franklin Templeton closed its six credit fund schemes. Chidambaram tweeted: 'I welcome the RBI's announcement of a Rs 50,000 crore special liquidity facility for Mutual Funds. I am glad that RBI has taken note of the concerns expressed two days ago and requesting prompt action."