Tuesday, 9 August, 2022
TopicShaktikanta Das

Topic: Shaktikanta Das

RBI raises repo rate to 4.4% on elevated inflation outlook, governor cites ‘global price shocks’

Shaktikanta Das says strengthening of inflation impulses & persistence of adverse global price shocks poses upward risks to inflation trajectory presented in April MPC resolution.

Momentum of inflation on downward slope, says RBI Governor Shaktikanta Das

The Reserve Bank's inflation projections, Das said, are 'robust' but contingent on downside and upside risks is associated with the movement of global crude oil prices.

RBI, govt on board regarding digital currencies, Nirmala Sitharaman says

The finance minister said that discussions with the RBI regarding the Central Bank Digital Currency were going on prior to the Budget announcement, and they are continuing.

‘Don’t want to rush Digital Currency, all aspects being carefully examined’, says RBI Governor

FM Sitharaman, in her Budget speech, had announced that RBI will introduce Central Bank Digital Currency in next financial year to boost digital economy & currency management.

Cryptocurrencies a threat to India’s financial stability, RBI Governor Shaktikanta Das says

Cautioning investors, RBI Governor said private cryptocurrencies 'has no underlying, not even a tulip,' and warned them to invest at their own risk.

Shaktikanta Das reappointed as RBI governor for three years

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.

RBI laser-focused on bringing inflation back to 4% without disruption, says Governor Das

Retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.

Need higher investment in healthcare, infrastructure for sustainable growth: Shaktikanta Das

Speaking at an event Wednesday, the RBI Governor said restoring the durability of private consumption, the mainstay of aggregate demand, will be 'crucial' in the post-pandemic future.

RBI optimistic about 9.5% GDP growth projection for FY22 being met, Shaktikanta Das says

RBI Governor Das further said the central bank will seek to gradually move towards achieving the 4% target, but the possibility of a sustained increase in inflation is unlikely.

RBI to conduct operations to manage unanticipated liquidity flows, says Shaktikanta Das

While speaking at an event, RBI governor said the fine-tuning operations was done so that liquid conditions in the system evolve in a balanced and evenly distributed manner.

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Ministry of Defence headquarters | Representational image | Commons

SPARSH will make defence pension digital, but problems won’t disappear. Ask pensioners

Failure to implement revised OROP and go for SPARSH should ring alarm bells for defence minister. And it won’t be ‘minimum govt, maximum governance’.
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.

Defence

First batch of women cadets to join NDA

First batch of 19 women cadets join NDA, set to begin training this week

The cadets will train for three years at NDA, Khadakwasla for the 148th course. The Supreme Court last year paved the way for women to take the NDA test for the first time.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.
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