Shaktikanta Das said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices.
Shaktikanta Das said there is a need for coordinated action between the centre and state governments to reduce taxes on petrol and diesel prices.
There is a disconnect between booming markets and economic activity, Reserve Bank Governor Shaktikanta Das said on Monday, warning that the stretched valuations of financial assets pose a risk to financial stability.
RTGS, which started on March 26, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks.
Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month.
CPI inflation rose sharply to 7.3 per cent in September and further to 7.6 per cent in October, RBI Governor Shaktikanta Das said while unveiling its bi-monthly monetary policy review.
Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent and continued with its accommodative stance to support growth. The committee, which has cut rates by 115 basis points since the Covid-19 crisis hit in March, has kept rates on hold since May.
Speaking at the annual day event of Foreign Exchange Dealers' Association of India (FEDAI), Das said there are downside risks to growth across the world and also in India.
Reserve Bank of India (RBI) Governor Shaktikanta Das has tested negative for coronavirus on Saturday and will join the office next week.
Shaktikanta Das, Reserve Bank of India (RBI) Governor, tested positive for COVID-19 on Sunday.
RBI Governor Shaktikanta Das has said the risk of a second wave of COVID-19 could put sand in the wheels of the nascent recovery while his deputy M D Patra opined that it might take years to regain the output lost on account of the pandemic.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the government will have to spell out fiscal roadmap post coronavirus, PTI reported. Das also said that India is at the doorstep of revival process. More to follow.
Reserve Bank of India (RBI) on August 06 announced that repo rate and reverse repo rate will remain unchanged.
Reserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.
The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.
The six-member Monetary Policy Committee (MPC) headed by the RBI Governor is scheduled to announce its decision on August 6.
Reserve Bank Governor Shaktikanta Das on Saturday advocated the creation of a 'resolution corporation' with legislative backing for resolution and revival of stressed financial firms.
RBI Governor Shaktikanta Das has said that the Indian economy is showing signs of revival as restrictions across the country are being lifted gradually. He added that post containment of COVID-19, a very careful trajectory has to be followed in the orderly unwinding of countercyclical regulatory measures.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday briefed the board members about the impact of the various monetary and regulatory measures taken by the central bank to deal with the COVID-19 crisis.
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