March 28, 2020 8:22 am
RBI Governor Shaktikanta Das Tuesday slashed the policy rate, flushed the financial system with liquidity using multiple instruments, and used conventional as well as unconventional tools to support the economy.
February 16, 2020 1:07 am
RBI Governor Shaktikanta Das also said the inflationary impact of government spending as outlined in the Union Budget for 2020-21 won’t be much, adding the government has adhered to the principle of fiscal prudence.
December 16, 2019 1:14 pm
The comments from Shaktikanta Das come following a series of five consecutive rate cuts by Reserve Bank of India (RBI) starting February this year by a cumulative 1.35 per cent.
August 20, 2019 7:25 am
Growth is a matter of highest priority and every policymaker is concerned with it, Das said. “I am not saying we maintain a Panglossian (excessive optimism) countenance and smile away every difficulty.
June 20, 2019 10:27 pm
As per the minutes of the June 3-6 Monetary Policy Committee, Das said that since the last meeting of the rate-setting panel in April 2019, greater clarity has emerged about the evolving macroeconomic situation. The minutes of the meeting were released by RBI on Thursday.
June 06, 2019 7:57 am
At its last policy meeting, the central bank cut its GDP forecast for the current fiscal year to 7.2% from 7.4%. Still, the reading depends on how the crucial monsoon season pans out.
January 19, 2019 9:58 am
RBI Governor Shaktikanta Das expected growth to be more sustainable now, propelled by private consumption and investment. India will grow at around 7.5 per cent a year in the medium term, he said.
December 22, 2018 8:47 pm
"The new governor of (RBI) is highly corrupt. I got him removed from the (Finance Ministry). I am calling Shaktikanta Das as a corrupt person. I am surprised that the man I got removed from the Finance Ministry for corruption was brought in as governor," Subramanian Swamy said.
December 15, 2018 4:24 pm
Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics, and is an IAS officer (bureaucrat) with specialisation in history.
June 12, 2018 2:24 pm
In his last appearance before the panel, RBI Governor Urjit Patel was also questioned on loan restructuring programmes, which lead to ever greening of loans, and resolution of defaults under the IBC, sources had said.
August 05, 2014 4:35 pm
The Reserve Bank on Tuesday kept key policy rate unchanged, giving no respite either to borrowers or India Inc.