July 16, 2021 2:48 am
While the June retail inflation was above the RBI’s 6 per cent upper band at 6.26 per cent, the RBI said a pick-up in inflation is driven largely by adverse supply shocks and sector-specific demand-supply mismatches caused by the pandemic. “These factors should ease over the year as supply side measures take effect,” it said.
July 15, 2021 6:52 pm
Das said financial inclusion is a key driver of sustained and balanced economic growth, which helps reduce inequality and poverty, and while we have made tremendous strides on this aspect, the pandemic has created newer challenges and complexities.
July 02, 2021 7:14 am
Within the bank groups, NPAs of public sector banks are expected to rise to 9.54 per cent in March 2021 and edge up to 12.52 per cent by March 2022 under the baseline scenario. However, this is an improvement over earlier expectations and indicative of pandemic proofing by regulatory support, it said.
July 01, 2021 7:34 pm
In a first, Shaktikanta Das flagged the rising data breaches and cyber attacks as a risk facing the economy, along with others like firming global commodity prices.
June 19, 2021 2:06 am
According to the MPC minutes, the dent on economic activity due to the second wave of the virus has necessitated the continuation of monetary measures to support the process of economic recovery to make it durable.
June 08, 2021 8:23 am
RBI’s latest Consumer Confidence Survey shows public assessment of the current situation at its lowest, and expectations low. Unpacking the findings, including two peaks in consumer sentiment in the recent past.
June 10, 2021 7:37 am
The latest Consumer Confidence Survey has shown that the Indian consumer sentiment has hit an all-time low. Here’s how this could hinder India’s economic recovery.
June 05, 2021 9:24 am
RBI retains policy stance, attaching primacy to growth. Uncertain economic outlook suggests extended policy support
June 05, 2021 1:06 am
June 05, 2021 1:02 am
Under the contact-intensive scheme, banks can provide fresh lending support to hotels and restaurants; tourism-travel agents, tour operators and adventure/heritage facilities, aviation ancillary services.
June 22, 2020 7:13 pm
February 09, 2016 6:01 am
New Delhi, Feb 09 (ANI): Talking about the India’s economic growth, Secretary for Economic Affairs Shaktikanta Das said that there has been improvement in the numbers as the economy expectedly eased in the quarter through December. He added that it was quite satisfying and the direction of growth is that basically what reflects in the policies and reform measures of government. He added that industrial growth with special focus on manufacturing showed more positive results.
January 07, 2016 10:27 am
New Delhi, Jan 07 (ANI): Economic Affairs Secretary Shaktikanta Das on Thursday said the new normal in global economy is uncertainty. He said that China seems to be moving towards market linked pricing of the Yuan. He also stated that YMF has accepted Yuan as a reserved currency. China devalued the Yuan in a move that rippled through global markets. As policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.