Instead of future-proofing gains, atmosphere to go easy on the pedal ensued, says his book
There is need for a structured mechanism with legal backing to deal with stressed assets, says the governor
Protecting the vulnerable, troubles of the economy going ahead, and three stages of brain damage due to Covid-19-a roundup of articles in Indian publications on how India is dealing with the pandemic
During the meeting, among other matters, agencies' assessment of the macroeconomic situation and outlook on various sectors, including the financial sector, was discussed.
Banks unwilling to take on credit risk in their balance sheets beyond a point, says central bank governor
Nifty is unlikely to see a new low, provided there are no negative surprises as regards Covid-19 cases.
Monetising deficit means that the RBI purchases govt bonds directly in the primary market and finances this debt by printing more currency
Crisil yesterday sharply cut its India growth estimate for 2020-21 to 3.5 per cent citing the severe dent in the economic activity due to the coronavirus pandemic
He stressed that a swap line was critical from the point of view of preserving global financial stability
The RBI governor also said that the impact of Covid-19 on India will be limited
One of the issues that will come up for review is how much transmission of policy rate actions to the final customer has happened.
The priority should be on convincing companies and households that the virus is under control, said the former RBI governor
To keep inflation under specified level, the government in 2016 had decided to set up MPC headed by RBI governor entrusted with the task of fixing the benchmark policy rate (repo rate)
Only a couple of sectors in India are likely to see some disruptions but alternatives are being explored to overcome those issues, he said
In an interview with PTI, Das said the government has remained within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Committee for the budget deficit
Experts say LTRO is the Indian version of quantitative easing, and that there should be more of it in coming days
Nominating Das, the magazine said India's banks have faced a series of challenges, from non-performing loans to issues around fraud
According to the RBI governor, wider rural road network, better communication facilities, and easier access to micro credit will contribute to better price realisation for farmers
The no-rate-cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate Shaktikanta Das is maturing in his new role.
All the three private telecom players Vodafone Idea, Bharti Airtel and Jio has raised their taiff plans pre-paid tariff plans and the increase has been as high as 40-50%