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
This step is expected to further enhance customer convenience, spur competition and raise efficiency in customer services, a ministry statement said
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
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'
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
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
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'
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
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
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
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
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 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.
The RBI governor said preserving long-term stability of the financial system is the key to recovery of economic growth
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
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
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
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
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
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