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Tuesday, August 03, 2021

Shaktikanta Das

Shaktikanta Das, the current RBI Governor, moved to head the central bank after holding crucial posts in the Finance Ministry. The retired 1980 batch IAS officer was earlier the Economic Affairs Secretary between 2015 and 2017 in the Finance Ministry during the tenure of Arun Jaitley. Das was also a member of the 15th Finance Commission and the Indian Sherpa to the G20 for a year. He took over office from Urjit Patel in December 2018 and has been appointed for a period of three years. Das holds a Masters degree in History from Delhi University and went on to pursue a course in Financial Management from IIM-Bangalore and then received mid-career training from IIM-Ahmedabad.


Elevated inflation to persist for some months: RBI

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.

Financial inclusion will continue to be a policy priority after pandemic: Shaktikanta Das

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.

RBI rings warning bell on rising bad loans, stress among MSMEs

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.

Economic activity recovering since late-May; rising cyber attacks a risk: RBI Guv Shaktikanta Das

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.

Focus on growth most desirable policy option; eye on inflation: Shaktikanta Das

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.

Explained: How Indians see the economy

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.

ExplainSpeaking: The state of Indian economy’s past and future in six charts

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.

Staying the Course

June 05, 2021 9:24 am

RBI retains policy stance, attaching primacy to growth. Uncertain economic outlook suggests extended policy support

Contact-intensive sectors get Rs 15,000-cr liquidity window

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.


India’s economy has improved: Shaktikanta Das

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.

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

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.