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Shaktikanta Das
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A growth-oriented Budget that aims to reduce fiscal deficits and counter inflation
Gautam Mukherjee •The government is cutting its market borrowing programme in fiscal 2024-25 to reduce its debts as private sector investment increases compared to before
Slowing global growth a concern but India better placed to deal with geopolitical challenges: Shaktikanta Das at Davos
Fp Staff •The central bank chief said the government has been mindful of staying on the fiscal consolidation path and expects that to continue along with maintaining the momentum on structural reforms.
RBI raises UPI limit for payment in hospitals, educational institutes to Rs 5 lakh
Fp Staff •Announcing the decision while unveiling the December bi-monthly monetary policy, RBI Governor Shaktikanta Das said the limit for various categories of UPI transactions has been reviewed from time to time
RBI Monetary Policy: Repo rate unchanged at 6.50%
Fp Staff •The Monetary Policy Committee (MPC) last raised this rate by 25 bps to 6.50 per cent at its meeting in February 2023
Indians still hold Rs 10,000 cr in Rs 2,000 notes being phased out
Fp Staff •Individuals or entities can exchange Rs 2,000 banknotes at the 19 RBI offices up to a limit of Rs 20,000 at a time. However, there is no limit on the total amount for getting Rs 2,000 notes credited into bank accounts.
Indians still hold Rs 12,000 cr in Rs 2,000 notes that will go out of circulation soon
Fp Staff •RBI Governor Shaktikanta Das said, so far, nearly 87 per cent of Rs 2,000 banknotes have been returned to the banks in form of deposits
RBI committed to bring down inflation to 4 pc watchful of price risks: Governor Das
•The central bank has been mandated by the government to keep inflation at 4 per cent with a margin of 2 per cent on either side.
As inflation seems to be easing, RBI's Monetary Policy Committee should wait and watch
Vimalharsh •An uncertain monsoon, high inflation until February, but a confident growth potential call on the regulator to wait at least until August, keeping the repo rate unchanged in June
Are Rs 2000 notes being withdrawn because of black money? What happens after 30 September?
Fp Explainers •Confusion prevails over the RBI’s decision to withdraw Rs 2000 notes. While the 30 September deadline has been set, the currency will continue to be valid even after. Then why do we have to exchange the notes? Is it a crackdown on black money and fake currency?
People rush to petrol pumps to exchange currency after RBI announces scrapping of Rs 2000 notes
Fp Staff •The total value of such banknotes in circulation has declined from Rs 6.73 lakh crore at its peak as on March 31, 2018 (37.3 per cent of notes in circulation) to Rs 3.62 lakh crore constituting only 10.8 per cent of notes in circulation as on March 31, 2023.