In its monetary policy statement, the RBI projected the real GDP growth for the current fiscal at 6.5%, while the retail inflation was projected at 5.4%.
Speaking at an event organised by the International Monetary Fund (IMF), Das said policy challenges for the region have accentuated due to the Covid-19 pandemic & the war in Ukraine.
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.
It used to be Tatas and Birlas in the loose political rhetoric of the 1970s and the 1980s. Today, it is Adani and Ambani in the heated Lok Sabha election campaign.
About 300 employees had called in sick Wednesday, allegedly in protest against mismanagement of airlines. Remaining staff given ultimatum to rejoin work by end of Thursday.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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