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Repo rate cut by Reserve Bank: Shaktikanta Das, Viral Acharya differ in approach
The 6-member Monetary Policy Committee (MPC) decided to reduce the policy repo rate by 25 basis points to 6 per cent in a 4-2 majority decision.
RBI cuts key rate to 6%, lowers growth forecast for 2018-19
The six-member Monetary Policy Committee of the RBI voted 4:2 in favour of the rate cut.
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SC ruling: Will come out with a revised circular on bad loan resolution, says Shaktikanta Das
“In the light of the Supreme Court order, the RBI will take necessary steps, including issuance of a revised circular, as may be necessary, for expeditious and effective resolution of stressed assets,” Das said.
SC order on NPAs: Shaktikanta Das says RBI to issue new guidelines soon
The apex court quashing the February 12, 2018 RBI circular Tuesday has created widespread concerns on the future of stressed assets resolutions and the likely delays towards the same, apart from also reversing on the gains made on credit discipline in the last one year or so.
RBI cuts repo rate: what it means for your loans
The Reserve Bank of India Thursday cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6 per cent — the second consecutive rate cut under new RBI Governor Shaktikanta Das.
RBI cuts repo rate by 25 bps to 6%, growth seen at 7.2%
In its first meeting in FY'20, the Monetary Policy Committee (MPC) of the Reserve Bank of India, headed by Governor Shaktikanta Das, Wednesday cut the key lending rate — repo rate — by 25 basis points from 6.25 per cent to 6 per cent.
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Need to give permanent status to Finance Commission: Shaktikanta Das
This has become even more critical in the post GST scenario, Das said, adding that there has to be continuity and change between Finance Commissions.
Will look into possibilities of cutting rates: Bankers to Shaktikanta Das
The Governor, in a meeting with bankers, is believed to have said that since monetary policy enunciations are based on specific calculations with respect to macroeconomic trends, he would expect better and quicker transmission.
Will meet bank chiefs on rate cut, says RBI Governor Shaktikanta Das
The transmission of monetary policy decisions is important in the economy, he said in a press conference after Finance Minister Arun Jaitley addressed the central bank board.
Easy does it
Low inflation stokes expectations of further monetary easing. But macroeconomic stability concerns remain
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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