Tag: Shaktikanta Das

Missed inflation target, but acting early would have exerted heavy costs: RBI Governor
Missed inflation target, but acting early would have exerted heavy costs: RBI Governor

Shaktikanta Das said the launch of the Central Bank Digital Currency (CBDC) is a landmark moment in the history of currency in the country and will lead to a major transformation of the way business is done.

  • Wednesday, 02 November 2022
RBI Governor Shaktikanta Das
Big tech's financial services play poses systemic concerns like overleverage: RBI Governor

Such companies can include entities in e-commerce, search engines and social media platforms that have started to offer financial services in a "big way" on their own or through tie-ups, he said, adding this is leading to the use of new methodologies in credit assessment.

  • Friday, 17 June 2022
May retail inflation moderates but still above RBI's tolerance band for fifth month
May retail inflation moderates but still above RBI's tolerance band for fifth month

RBI Governor Shaktikanta Das, at the recent monetary policy committee review deliberations, had categorically said that India's retail inflation is likely to stay above the tolerance level till the third quarter of FY23 before moderating below 6 per cent.

  • Monday, 13 June 2022
Indian Economy Exhibited Stronger Pick Up Than Expected: RBI Guv Shaktikanta Das
Evolving conditions will guide future policy actions: RBI Governor

Addressing a press conference, the governor said the RBI has changed the policy stance to drop the phrase "remains accommodative", and instead opted for "withdrawal of accommodation" for guiding its future moves.

  • Wednesday, 08 June 2022
RBI to pay Rs 30,307 crore dividend to govt for FY22
RBI to pay Rs 30,307 crore dividend to govt for FY22

The board also discussed the working of RBI during the year April 2021 March 2022 and approved the annual report and accounts for the accounting year 2021-22, the statement said.

  • Friday, 20 May 2022
RBI Guv Shaktikanta Das=
RBI Guv Hints At Ending Accommodative Policy Stance

It has also slashed its growth forecast for the present fiscal to 7.2 per cent from 7.8 per cent in February.

  • Friday, 08 April 2022
Shaktikanta Das
India's FY23 GDP Growth Projected At 7.8%: RBI Guv

In a statement after the Monetary Policy Committee's bi-monthly meet, RBI Governor Shaktikanta Das said the real GDP growth is projected at 17.2 per cent in Q1FY23, at 7 per cent in Q2; at 4.3 per cent in Q3 and Q4 at 4.5 per cent.

  • Thursday, 10 February 2022
RBI To Soon Float Paper On Reasonableness Of Charges On Transactions Via Digital Payments

To further encourage the use of UPI by retail investors, he said it is proposed to enhance the transaction limit for payments through UPI for Retail Direct Scheme and IPO applications from Rs 2 lakh to Rs 5 lakh.

  • Wednesday, 08 December 2021
Shaktikanta Das
Consumption Demand Making Strong Comeback: RBI Guv

India has potential to grow at a reasonably high pace in the post-pandemic scenario, said Reserve Bank of India Governor Shaktikanta Das.

  • Wednesday, 17 November 2021
RBI Governor Shaktikanta Das
Shaktikanta Das Given 3-Year Extension As RBI Governor

The decision was taken by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi.

  • Friday, 29 October 2021
A police officer stands guard in front of the RBI head office in Mumbai
On a slippery slope

Of the many things that demonetization has banished, a prominent and worrying one has been the credibility of Reserve Bank of India (RBI). For its management, its execution, its information sharing, its transparency, its rule making or the lack of them, the apex bank as an institution has received flak. The recent news of RBI […]

  • Wednesday, 28 July 2021
See no significant price rise post GST: Mastermind Shaktikanta Das

Shaktikanta Das, Former Revenue and Economic Affairs Secretary, was one of the 11 persons who were instrumental in giving GST its present shape soon after the Modi government took charge. As revenue secretary, he worked closely with all the others including Arun Jaitley and the empowered committee of state finance ministers to come up with […]

  • Thursday, 22 July 2021
RBI Governor Shaktikanta Das
Financial Inclusion Will Continue To Be A Policy Priority After Pandemic: RBI Guv

To measure the extent of financial inclusion in the country, it has been decided to construct and periodically publish a financial inclusion index (FII).

  • Thursday, 15 July 2021
RBI to carefully consider liquidity inducing measures: Governor Das

New Delhi: Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become “loose money” and the apex bank would exercise the measures with caution. The Reserve Bank of India has “a sense” of the current liquidity situation and after his appointment as its Governor has […]

  • Friday, 09 July 2021
New governor will diminish RBI, play to government's tunes: Congress

New Delhi: Attacking the government for appointing Shaktikanta Das as RBI Governor, the Congress on Wednesday alleged that he would play to the tunes of the government and that choosing a bureaucrat who defended demonetisation, instead of an eminent economist, will diminish the institution. Former Finance Minister P. Chidambaram said Das was the second person […]

  • Friday, 09 July 2021