Says Covid has asymmetrically affected population, calls for fixing it; also bats for big infra push
Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels
Reserve Bank of India kept interest rates steady at record lows but raised its inflation forecast and said it would normalise liquidity conditions. Watch the video to learn how some of the key announcements are going to create an impact on markets
This is the seventh time in a row that the MPC headed by RBI Governor Shaktikanta Das has maintained status quo and kept interest rates steady at record lows. Watch the video for key takeaways.
As focus remains more on fixing a fickle economy than on controlling stubborn price pressures, the Street is factoring-in a status quo on repo rate and 'accommodative' policy stance
Economic activities are expected to improve further going into July or into the second half, says Governor Das
From inflation to the impact of the US Federal Reserve's decisions on India, RBI Governor Shaktikanta Das touched upon a myriad of topics in an exclusive interview with Business Standard. Watch this video for the key highlights of the interview. Find the full interview link here: https://mybs.in/2Zfqvl7
From 1991 onwards, the RBI became a full, if slightly junior, partner of the finance ministry, instead of being a 'mere subordinate department of the financial ministry'
Which of the two approaches proves most effective will shape the lessons a generation of officials take from the pandemic.
The Reserve Bank of India (RBI) kept interest rates steady at record lows on Friday and reiterated its commitment to keeping policy accommodative as a ferocious second wave of Covid-19 infections threatens to derail the country's economic recovery. RBI Governor Shaktikanta Das said all six members of the MPC voted in favour of keeping rates on hold and maintaining an accommodative monetary policy stance. Watch the video for all the key announcements. >
In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates
Despite admitting to price pressures both from food items and input prices, RBI Governor Shaktikanta Das hoped that a normal Southwest monsoon will have a "soothing impact" on inflation pressures
Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
Unless the Reserve Bank comes forward and helps banks to handhold the MSME borrowers, bad loans will swell in the September quarter
Here are our top opinion pieces of the day
Narasimham also founded the credit planning cell in RBI, which became the monetary policy department
What really became the centerpiece of the policy outcome was the announcement of the secondary market G-sec acquisition programme which the bond market needed the most
The Reserve Bank of India has retained the economic growth projection for the current financial year at 10.5%. In a statement after the first Monetary Policy Committee (MPC), RBI Governor Shaktikanta Das said the recent surge in Covid-19 infections adds uncertainty to the domestic growth outlook amidst tightening of restrictions by some state governments. In this comprehensive video, we have compiled all the important announcements in eleven different points. Watch it now.
The Reserve Bank of India (RBI) has expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat to growth due to the resurgence of coronavirus cases. The Monetary Policy Committee (MPC) also kept its estimate for economic growth unchanged at 10.5 per cent for the current fiscal. Watch the video for the major highlights of RBI Governor Shaktikanta Das's statement on policy.