With the second term of three years, Das will head the RBI till December 2024. The decision was taken by the Appointments Committee of Cabinet headed by PM Narendra Modi.
Speaking at the National Academy of Audit and Accounts, Das emphasised the need to improve the quality and depth of audit and said RBI has taken a host of steps in that direction.
Shaktikanta Das said a lockdown, like the one experienced last year, is unlikely and asserted there was no need for a downward revision of RBI's 10.5% GDP growth forecast for FY22.
In an address to the CII, Das stressed the need for alternative sources of infra financing, and pushed for early completion of FTAs with US, UK and EU.
In his book released Friday, Patel also wrote that governments use state-owned banks to pump-prime the economy during slowdowns and are unlikely to let go of this instrument.
Speaking to Congress leader Rahul Gandhi, RBI ex-governor Raghuram Rajan stressed India needs to manage reopening well, said further lockdowns after reopening could be devastating.
Supreme Court threatened contempt proceedings against Bharti Airtel, Vodafone Idea and other telecoms Friday for failing to comply with directive to pay past dues.
For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.