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Thursday, May 28, 2020

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.


Amid worries over high level of pulses inflation, RBI Guv calls for re-appraisal of import duties

May 23, 2020 2:01 am

Food inflation — which had eased in February and March — had “suddenly reversed” and surged 8.6 per cent in April “as supply disruptions took their toll immune to the ongoing demand compression”, said Shaktikant Das.

Easier fund flows for India Inc: Banks’ group exposure limit hiked to 30% of capital base

May 23, 2020 1:42 am

Under the existing guidelines on the Large Exposures Framework, the exposure of a bank to a group of connected counterparties should not be higher than 25 per cent of the lender’s eligible capital base at all times.

Explained: Impact of RBI's decisions to slash repo rate, extend loan moratorium

May 23, 2020 8:21 am

RBI Repo Rate: The MPC is of the view that the macroeconomic impact of the pandemic is turning out to be more severe than initially anticipated, and various sectors of the economy are experiencing acute stress.

RBI extends moratorium on loans by three months

May 22, 2020 1:58 pm

Reserve Bank of India (RBI) Governor Shaktikanta Das extended the moratorium on loan repayments by three more months in view of coronavirus (COVID-19).

Loan EMIs set to get cheaper as RBI cuts repo rate

May 22, 2020 3:38 pm

Following the announcement by Reserve Bank of India (RBI) Governor Shaktikanta Das, the loan EMIs are set to get cheaper particularly the home loans that are linked to the marginal cost of funds-based lending rate (MCLR) of the lending banks.

From rate cut to moratorium extension: Top announcements by RBI Governor Shaktikanta Das

May 22, 2020 1:48 pm

Reserve Bank of India (RBI) Governor Shaktikanta Das announced a cut in the repo rate by 40 basis points (bps) to 4 per cent, while the reverse repo rate was reduced simultaneously to 3.35 per cent.

Governor Shaktikanta Das press conference highlights: RBI cuts rate, extends loan relief

May 22, 2020 2:38 pm

RBI Governor Shaktikanta Das press conference highlights: The decision to reduce repo rate was taken to revive growth and mitigate the impact of the coronavirus pandemic.

Coronavirus May 22 Highlights: Doubling time down from 3.5 days to 13.5 days in lockdown, says Govt

May 23, 2020 10:42 am

With India reporting 6,088 fresh cases in the last 24 hours, the total number of coronavirus infections rose to 118,447 while the death toll soared to 3.583 on Friday.

Going beyond 3.5% fiscal deficit target ‘unavoidable’: RBI Governor Shaktikanta Das

April 28, 2020 5:33 am

Talking about steps to combat the impact of the pandemic, Das pointed out that it was as important to make plans for exiting the extraordinary measures that are undertaken in response to a situation.

Shaktikanta Das sees V-shaped recovery, growth rate at 7.4% in FY22

April 18, 2020 8:08 am

For 2021, the IMF has projected sizable V-shaped recoveries, close to 9 percentage points for global GDP, he said.


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.