Shaktikanta Das

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Shaktikanta Das - Total results - 471
Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das
Business

Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das

Das said that such coordination is needed because both the Centre and states impose taxes on fuel

Finance ministry allows all private sector banks to participate in government-related businesses
Business

Finance ministry allows all private sector banks to participate in government-related businesses

This step is expected to further enhance customer convenience, spur competition and raise efficiency in customer services, a ministry statement said

RBI concerned over impact of cryptocurrencies on India's financial stability, says Shaktikanta Das
Business

RBI concerned over impact of cryptocurrencies on India's financial stability, says Shaktikanta Das

The RBI governor said: 'We have certain major concerns about cryptocurrencies. We have communicated them to the government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required Parliament also will consider and decide'

RBI open to examining proposals for 'bad banks', will issue regulatory guidelines, says Shaktikanta Das
India

RBI open to examining proposals for 'bad banks', will issue regulatory guidelines, says Shaktikanta Das

Speaking at an event on Saturday, the RBI chief said that the RBI would examine such a proposal in an effort to keep its regulatory framework 'in sync with the requirements of the times'

MPC minutes: Premature rollback of RBI policies could derail nascent growth, says Shaktikanta Das
Business

MPC minutes: Premature rollback of RBI policies could derail nascent growth, says Shaktikanta Das

As per the minutes, the Governor also said that the RBI will continue to respond to global spillovers to secure domestic stability with its liquidity management operations

RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance
Business

RBI says economy to contract at 7.5% for FY21; keeps repo rate unchanged at 4% in accommodative stance

The central bank, which had previously expected the economy to shrink 9.5 percent in the year to March, revised its forecast after a shallower-than-expected decline in GDP in the July-September quarter

Reserve Bank of India becomes world's first central bank to reach 1 million Twitter followers
India

Reserve Bank of India becomes world's first central bank to reach 1 million Twitter followers

What makes the achievement all the more impressive it that the 85-year-old Reserve Bank was a latecomer to the world of Twitter, creating its account only in January 2012

RBI guv Shaktikanta Das tests COVID-19 positive; recovery rate rises to 90%, Centre says major 'achievement'
India

RBI guv Shaktikanta Das tests COVID-19 positive; recovery rate rises to 90%, Centre says major 'achievement'

Lauding the "achievement" of recording a high number of recoveries, the health ministry said that the tally of active cases remained below seven lakhs for the third successive day on Sunday

RBI governor Shaktikanta Das says he tested COVID-19 positive, to continue working from isolation
India

RBI governor Shaktikanta Das says he tested COVID-19 positive, to continue working from isolation

In a tweet, Das said he is asymptomatic and "feeling very much alright" and added that work in the Central bank will go on as per normal

RBI governor Shaktikanta Das says second COVID-19 wave one of key risks to India's economic recovery
India

RBI governor Shaktikanta Das says second COVID-19 wave one of key risks to India's economic recovery

Shashanka Bhide, a member of the Monetary Policy Committee, also said uncertainties relating to COVID-19 will impact growth and inflation scenarios in the next two to three quarters

RBI keeps repo rate unchanged at 4%; GDP to contract by 9.5% in current FY, says Shaktikanta Das
India

RBI keeps repo rate unchanged at 4%; GDP to contract by 9.5% in current FY, says Shaktikanta Das

The central bank has also kept the door open for lowering rates further by retaining an 'accommodative' policy stance, for as long as needed, to support growth, said the RBI governor

'GDP a reflection of ravages of COVID-19': RBI Guv Shaktikanta Das says economic recovery likely to be gradual
Business

'GDP a reflection of ravages of COVID-19': RBI Guv Shaktikanta Das says economic recovery likely to be gradual

The RBI governor said the Indian central bank stands battle-ready to take whatever steps that are needed to be taken for the economy

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations
India

RBI maintains accommodative stance, leaves repo rate unchanged at 4%; hints at future relaxations

RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to historic low.

Banks' bad debt to rise sharply from 8.5% to 12.5% by March 2021 amid COVID-19: RBI report
India

Banks' bad debt to rise sharply from 8.5% to 12.5% by March 2021 amid COVID-19: RBI report

The RBI governor said preserving long-term stability of the financial system is the key to recovery of economic growth

Coronavirus Outbreak: Nirmala Sitharaman chairs FSDC panel meeting, takes stock of economy
Business

Coronavirus Outbreak: Nirmala Sitharaman chairs FSDC panel meeting, takes stock of economy

Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy at the meeting of the Financial Stability and Development Council (FSDC), in view of disruptions caused by the COVID-19 pandemic

Nirmala Sitharaman calls FSDC panel meeting on Thursday, to discuss impact of COVID-19 on economy
Business

Nirmala Sitharaman calls FSDC panel meeting on Thursday, to discuss impact of COVID-19 on economy

Finance Minister Nirmala Sitharaman has called a meeting of the Financial Stability and Development Council (FSDC) on Thursday, which among other things will discuss the impact of COVID-19 on the financial sector and the economy

Banks not passing lower interest rate benefits to borrowers, developers: CREDAI tells RBI
Business

Banks not passing lower interest rate benefits to borrowers, developers: CREDAI tells RBI

Realtors' apex body CREDAI has written a letter to RBI, complaining that banks are not passing lower rate benefits to home loan borrowers and cash-starved developers

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494
India

Coronavirus Outbreak Updates: 267 new COVID-19 patients reported in Rajasthan today, total number of cases rises to 6,494

Coronavirus Outbreak LIVE Updates: Two police stations have been sealed partially after a head constable was tested positive for COVID-19. According to police, the infected head constable was overseeing the arrangements to quarantine people who came from Mumbai.

RBI slashes repo rate: Big relief to small businesses but more support needed; move to revive demand, say industry bodies
Business

RBI slashes repo rate: Big relief to small businesses but more support needed; move to revive demand, say industry bodies

The benchmark repurchase (repo) rate was cut by 40 basis points to 4 percent, the lowest since the benchmark came into being in 2000, RBI Governor Shaktikanta Das said.

Rupee falls 34 paise to close at 75.95 against dollar; RBI rate cut booster dose fails to cheer investors
Business

Rupee falls 34 paise to close at 75.95 against dollar; RBI rate cut booster dose fails to cheer investors

The Indian rupee slipped 34 paise to close at 75.95 against the US dollar on Friday as Reserve Bank''s fresh measures to alleviate economic distress failed to strike a chord with investors