Search For "shaktikanta das"
Policies need to create congenial climate for attracting new private inves
Updated : 3 weeks, 4 days ago IST
Speaking on raising productivity during a conference held by the International Monetary Fund, Reserve Bank of India Governor Shaktikanta Das on Friday said while sustained and broad-based economic recovery remains the current policy focus, it is necessary to undertake deep structural reforms
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After a turbulent year for cryptocurrency, 2023 may see movement towards r
Updated : 1 month ago IST
Reserve Bank of India has been forthright about its views on cryptocurrency and its Governor Shaktikanta Das said earlier this month that cryptocurrencies should be "prohibited" and that if they are allowed to grow "next financial crisis" will come from private cryptocurrencies.
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Private cryptocurrencies have no underlying, it is speculative activity wh
Updated : 1 month, 1 week ago IST
The government believes any legislation for regulation or for banning can be effective only with significant international collaboration on evaluating the risks and benefits and evolution of common taxonomy and standards.
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Premature pause in monetary policy action would be costly error: RBI Gover
Updated : 1 month, 1 week ago IST
Raising interest rates typically cool demand in the economy, thereby putting a brake on inflation.
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RBI's central board reviews economic situation, global and domestic challe
Updated : 1 month, 2 weeks ago IST
The board at its meeting also reviewed global and domestic challenges including geopolitical developments, finance and trade.
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RBI to add new feature to UPI payment platform
Updated : 1 month, 3 weeks ago IST
By introducing single-block-and-multiple-debits functionality, Shaktikanta Das said this facility will enable a customer to block funds in his/her account for specific purposes, which can be debited whenever needed.
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Adjusted for inflation, policy rate still remains accommodative, says RBI
Updated : 1 month, 3 weeks ago IST
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
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RBI hikes repo rate to keep inflation anchored
Updated : 1 month, 3 weeks ago IST
The inflation trajectory has largely evolved in line with the outlook given by us in June 2022, Shaktikanta Das said, adding that going forward, food inflation is likely to moderate with the usual winter softening and the likelihood of a bountiful rabi harvest.
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RBI Monetary Policy Committee hikes policy rate by 35 bps to 6.25 per cent
Updated : 1 month, 3 weeks ago IST
The Monetary policy committee (MPC), which determines interest rates, opted to raise the policy repo rate by 35 basis points to 6.25 per cent with immediate effect.
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India is differently placed, at low risk of recession: RBI Guv
Updated : 2 months, 1 week ago IST
The Governor, while speaking about the rising inflation across the world, said that inflation in systemically important advanced economies turned out to be persistent rather than transitory.
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Research Dept role is to quickly process an avalanche of data: RBI Guv
Updated : 2 months, 1 week ago IST
During his inaugural address at the annual research conference of the Department of Economic and Policy Research of RBI on Saturday, he said central banks, given their mandate on preserving macro stability, and the responsibility to be at the forefront of managing an economic crisis, have a
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"Remain watchful," RBI Governor's advice to heads of banks amid global hea
Updated : 2 months, 2 weeks ago IST
RBI Governor Shaktikanta Das acknowledged the crucial role played by the commercial banks in supporting economic growth throughout the turbulent times since the outbreak of the pandemic and the ongoing financial market turmoil.
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