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Tuesday, August 09, 2022

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.


RBI flags global degrowth hit on trade, EMs

August 06, 2022 5:28 am

Das said these developments pose a greater risk for emerging market economies (EMEs) as they will have to contend with both “domestic growth-inflation trade-offs and spillovers from the most synchronised tightening of monetary policy worldwide.”

Higher capacity utilisation signals investment revival

August 06, 2022 5:19 am

“Capacity utilisation in the manufacturing sector is now above its long-run average, signalling the need for fresh investment activity in additional capacity creation,” RBI Governor Shaktikanta Das said in his monetary policy statement.

Eye on inflation, RBI goes for 3rd rate hike this year

August 06, 2022 6:38 am

Das says domestic fundamentals strong, inflation will dip to fice per cent in Q1 FY’24

Developments in Taiwan will not impact India: RBI Guv

August 05, 2022 6:45 pm

The Governor said Taiwan accounts for only 0.7 per cent of India's overall trade and the capital flows from the island are also not very high.

Explained: The RBI’s latest round of rate hike, and how it will impact your loan EMIs

August 06, 2022 9:24 am

RBI Repo Rate Hiked: Inflation has peaked and is expected to soften — but there are a range of global challenges to negotiate. Monetary policy has to, therefore, act, Governor Shaktikanta Das said

RBI MPC Meeting Live Updates: Inflation has peaked and will moderate, says Shaktikanta Das

August 05, 2022 1:03 pm

RBI Monetary Policy Meeting Live Updates: The six-member Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das hiked the repo rate by 50 bps to 5.40 per cent. In the post-policy press conference, Das said that inflation has peaked and will moderate, but it is at unacceptably high levels. Here's what the Indian central bank chief announced.

‘$79-billion ECBs unhedged’

July 25, 2022 7:52 am

This includes about $40 billion liabilities of public sector companies, mainly in the petroleum, railways and power sectors, which have assets with a natural hedge character.

'You buy umbrella to use it when it rains': Das on using forex reserves to tackle Re volatility

July 22, 2022 4:58 pm

The RBI governor noted that the central bank will continue to engage with the forex market and ensure that the rupee finds its level in line with its fundamentals.

RBI to ensure rupee finds its level, zero tolerance for volatility: RBI Governor Shaktikanta Das

July 23, 2022 5:20 am

On the economy, Das said, “The recovery is gradually strengthening. The current account deficit is modest. Inflation is stabilizing. The financial sector is well-capitalized and sound. The external debt to GDP ratio is declining. The foreign exchange reserves are adequate.”

Commodity prices’ fall can help India escape global inflation trap

July 18, 2022 6:38 am

RBI Governor Shaktikanta Das had recently said that inflation was likely to “ease gradually in the second half of 2022-23, precluding the chances of a hard landing in India”.


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.