Tag: Shaktikanta Das

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: EMMANUAL YOGINI “With India’s current account deficit (CAD) declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. …

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RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. | Photo Credit: PTI The Reserve Bank of India (RBI) on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. The real GDP growth is, however, lower than 7.3% estimated by the…

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI Digital Rupee users will soon be able to execute transactions in areas with limited internet connectivity as the Reserve Bank of India (RBI) on February 8 announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. RBI…

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Monetary policy ought to remain actively disinflationary: RBI governor Shaktikanta Das

October 20, 2023 admin

RBI governor Shaktikanta Das delivers the plenary address at the ‘Kautilya Economic Conclave’, in New Delhi, on October 20, 2023. | Photo Credit: PTI Reserve Bank of India (RBI) governor Shaktikanta Das on October 20 stressed that the monetary policy must remain actively disinflationary to ensure that the decline in inflation from its peak of…

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RBI to harmonise Internal Ombudsman framework to strengthen customer grievance mechanism: Shaktikanta Das

October 6, 2023 admin

RBI governor Shaktikanta Das. File | Photo Credit: ANI With a view to strengthen customer grievance redressal system, RBI governor Shaktikanta Das on October 6 said the Central bank decided to effect certain changes and also consolidate and harmonise the Internal Ombudsman guidelines into a single master direction. “This will further strengthen the customer grievance…

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RBI’s MPC keeps policy rate unchanged; real GDP growth for FY24 projected at 6.5%

October 6, 2023 admin

The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. | Photo Credit: The Hindu The Monetary Policy Committee (MPC) of the Reserve Bank of India on August 10 decided unanimously to keep the policy repo rate unchanged at 6.50%. Announcing the bi-monthly monetary…

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RBI Keeps Key Lending Rate Unchanged At 6.5% For 4th Consecutive Time, Says Governor Shaktikanta Das

October 6, 2023 admin

Mumbai: The Reserve Bank of India (RBI) today decided to keep its key lending rate unchanged at 6.5% for the fourth consecutive time. The decision was taken unanimously at the central bank’s Monetary Policy Committee (MPC) meeting, said RBI Governor Shaktikanta Das. This means the loan interest rates too are likely to remain unchanged. The…

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You Can Now Make Voice-Enabled UPI Payments. Here’s How

September 6, 2023 admin

Mumbai: The NPCI on Wednesday launched a slew of new payment options on popular payments platform UPI, including conversational transactions. Reserve Bank of India (RBI) Governor Shaktikanta Das announced the launch of the products by the National Payments Corporation of India (NPCI) at the ongoing Global Fintech Festival. The latest offerings — Credit Line on…

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RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das

September 5, 2023 admin

RBI Governor Shaktikanta Das speaks at the Delhi School of Economics Diamond Jubilee Distinguished Lecture, in New Delhi, on Sept. 5, 2023. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank is committed to bringing down inflation to 4% and will remain watchful of risks as more frequent global…

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Retail Inflation Expected To Come Down From This Month: RBI Chief Shaktikanta Das

September 1, 2023 admin

According to government data, retail inflation rose to a 15-month high of 7.44 per cent in July. Indore: Reserve Bank governor Shaktikanta Das on Friday said the central bank expects retail inflation to start declining from this month. He was referring to the central government’s steps to check prices of vegetables like tomatoes, restrictions on…

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