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Economy shows further weakening, needs larger push: Shaktikanta Das at MPC meet

Das said the transmission to bank lending rates has been inadequate, though it is expected to improve in the coming weeks and months.

Explained: Who was Panglossian?

From a Voltaire character to RBI Governor Shaktikanta Das: Who was Pangloss, and why did his countenance find its way into the Governor’s address?

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Mood of doom and gloom is not going to help anyone: RBI Governor Shaktikanta Das

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.

Shaktikanta Das: ‘No proposal to conduct asset quality review of NBFCs’

Das said there was no proposal to conduct an asset quality review of non-bank finance companies (NBFCs) which were facing a liquidity crunch.

Explained: Why has RBI cut lending rate by 35 bps? Why has GDP growth been revised downwards?

RBI rate cut explained: While inflation is a key consideration for a rate cut and it provided RBI the comfort to go for a cut, the decision was also taken to boost aggregate demand especially private investment.

Bond yield declines to 6.41% as FM Sitharaman reaffirms foreign bond issuance plan

The benchmark 10-year government bond yield fell by 11 basis points (bps) to close at 6.41 per cent on Monday, putting a hold on the 18 bps climb in yields last week.

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RBI Governor Shaktikanta Das: Global economy moving into an unsettling phase

It is important in the backdrop of slowing global growth that policies of monetary and fiscal authorities are well-calibrated so that they support growth without further build-up of leverage and asset price bubbles,” Das said.

RBI Governor, state-run bank CEOs discuss slow rate transmission

The recent initiatives to address issues relating to non-banking financial companies (NBFCs) and the role banks can play in mitigating lingering concerns also came up for discussion on Friday.

SBI takes first cue from RBI Guv, lowers lending rates by 5 bps

After the 25 bps repo rate cut in the June policy, Bank of Maharashtra, Corporation Bank, Oriental Bank and IDBI Bank had reduced their MCLR by 5-10 bps.

RBI to discuss with goverment issuance of sovereign bonds: Governor Shaktikanta Das

After the customary post-budget meeting with Finance Minister Nirmala Sitharaman, he said the system has sufficient liquidity and the Budget for 2019-20 has made provision for shadow banking (NBFC) sector.

Shaktikanta Das Videos

After Sushma Swaraj, Economic Affairs Secretary Slams Amazon For Selling Indian Flag Doormats

Economic Affairs Secretary Shaktikanta Das on Sunday asked Amazon to desist from being flippant about Indian symbols and icons, cautioning it that “indifference will be at your own peril”. “Amazon, better behave. Desist from being flippant about Indian symbols & icons. Indifference will be at your own peril,” Das said in a tweet.

India’s economy has improved: Shaktikanta Das

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.

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China seems to be moving towards market linked pricing of the Yuan: Shaktikanta Das

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.

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