The 5% tax rate broadly covers most food items, so an increase here would directly impact the monthly grocery budget of households
Here are the 10 important events, policy decisions that Das undertook after becoming the 25th governor of the RBI on Dec 12, 2018
There is a slack in the economy, and the RBI governor expected it to exceed the pre-pandemic level of output only in the third quarter of 2021-22
The Reserve Bank of India's MPC left key rates unchanged at record lows earlier in the month
'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'
At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.
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The RBI accepts overnight excess liquidity from banks at 3.35 per cent, its reverse repo rate
The Indian economy is on the recovery path, but structural challenges remain, Saggar said at an event
Economists say revival will hinge on govt spending, policy support
'Our collective decision was to record our views through the MPC minutes and not elsewhere,' says Chetan Ghate.
Although the pandemic is unlikely to end immediately, its impact on economic activity would slowly wane
MPC should not ignore inflation risks
In a Q&A, Goyal, a member of RBI's Monetary Policy Committee, says reducing excess liquidity is at RBI's discretion and MPC members can only offer advice
The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic
'There is no blanket ban on opening of current accounts', said M Rajeshwar Rao
While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery
RBI extended the on-tap targeted long term repo operations (TLTRO) scheme till December 31
Headed by the RBI Governor, the six-member MPC also includes three external members.
Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to have said in minutes of MPC meetings