Shaktikanta Das
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Explained: How to read RBI's monetary policy review
RBI has a tough task of managing rising inflation expectations and sharply falling demand.
No doubt about govt’s fiscal commitment: RBI Governor Shaktikanta Das
Das also scotched media reports that the government might seek an interim dividend of Rs 30,000 crore from the central bank to meet its revenue shortfall after the massive tax cuts.
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Monetary Policy Committee meeting: RBI may review co-op bank norms
Maintaining that cooperative banks are also sound, Das said, “one incident cannot be and should not be used to generalise about the health of all cooperative banks.”
Banking system, including cooperatives safe and sound: Shaktikanta Das on PMC
On September 23, the RBI had put restrictions on Punjab & Maharashtra Cooperative (PMC) Bank after it had found out financial irregularities, and under-reporting of loans given to real estate developer HDIL.
RBI cuts repo rate from 5.40% to 5.15%; GDP outlook for 2019-20 revised to 6.1%
The rate cut comes at a time when the Indian economy is facing its worst slowdown since the dip in economic activity following the global financial crisis of 2008-09.
RBI likely to cut rates again as fiscal measures fail to cheer
India's economy expanded by just 5% in the June quarter, its slowest pace since 2013. That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9% for the current fiscal year.
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RBI may cut rates again on October 4
With inflation under control and growth rate declining, the RBI reduced the repo rate four times by 110 basis points (bps) to 5.40 per cent in 2019, with the last cut being an unconventional 35-bp reduction on August 7.
Meeting chaired by RBI Governor: FSDC panel deliberates on frauds, early warning signals
The Sub-Committee of the Financial Stability and Development Council (FSDC), which met here on Friday, discussed measures to strengthen the systems against frauds and revisit the framework for early warning signals. The meeting, chaired by RBI Governor Shaktikanta Das, also discussed measures to promote interest and competition in the stressed asset markets, enhancing the scope […]
Shaktikanta Das on tax rates: Competitive, compared to emerging markets
The new effective tax rate, inclusive of surcharge and cess, for domestic companies would be 25.17 per cent and for new domestic manufacturing companies would be 17.01 per cent.
Let prices rise
Boosting farm incomes is essential for economic recovery. Government must avoid containing food inflation at all costs.
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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