Page 30 - Shaktikanta Das

Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das

Inflation is a measure of the trust and confidence that the public reposes in the economic institutions of the country, Das said while speaking at the inaugural Kautilya Economic Conclave

RBI Governor asks states to find out effective ways to address debt issues

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday asked state governments to find out effective ways to address the issues related to debt and cash management. The governor was addressing the 32nd Conference of the State Finance Secretaries (SFS) here. In his address, Das highlighted the importance of the SFS conference as an effective platform to deliberate on, and find out effective ways to address various issues relating to states' debt and cash management, RBI said in a statement. He emphasised on the need for the states to adopt prudent borrowing strategy and efficient cash management practices, keeping in view the evolving macroeconomic scenarios. Further, Das stressed on the need for the states to focus on improving quality of expenditures, better handling and monitoring of contingent liabilities and improving the governance in the cooperative banks. During the meeting, market borrowings by the states and administration of the Consolidated Sinking Fund/ Guara

What RBI's letter to govt on missing inflation target is likely to contain

Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and steps MPC will take to achieve it going forward

Huge treasury loss staring at banks in June quarter

Will the RBI step in again to the rescue of the banks and ensure smooth sailing of the government's record borrowing plan this year?

Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more

The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines

New project investments hint at road to normalcy, touch Rs 3.57 trn in Q1

Around Rs 87,000 crore worth of projects were completed in June 2022. The completion rate was 22.5 per cent higher than last year

Wait and watch: Industry players on 1% TDS on crypto investments in India

The 1 per cent TDS will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year, according to the Section 194S in the I-T Act (as per the Finance Act, 2022)

Cryptocurrencies are a 'clear danger': RBI governor Shaktikanta Das

Indian fintech industry value projected to hit $150 bn by 2025

Cryptocurrencies a clear danger to financial systems, says RBI Governor

Anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name, says Shaktikanta Das

Central banks need stronger communication in turbulent times: RBI governor

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Proper interpretation of data necessary for informed decision making: Das

Das said lockdowns in various countries, including India, posed severe challenges to compilation and availability of data relating to the spread of the pandemic, and its impact on various economies

Public sector banks request RBI on bond portfolios as yields harden

At its policy review in April, the RBI had increased the limit on HTM portfolios to 23 per cent of net demand and time liabilities till March 31, 2023

What is the shape of India's economic recovery?

Sales of two-wheelers have nosedived. FMCG is struggling due to weak demand. But the aviation sector is seeing a jump in traffic. Take a dive into the key sectors to find out how the economy is revivi

Top headlines: Parameswaran is new NITI CEO, Toyota to deepen ties in India

India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said

Inflation likely to exceed top of RBI band until December: Shaktikanta Das

India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Das said in an article

RBI may have boosted forwards intervention to slow rupee fall, save reserve

The Reserve Bank of India has run down its forward-dollar book by $12 billion to $15 billion from about $64 billion at the end of April

Govt won't offer tax waivers to be part of global bond index sooner

Under existing rules, an overseas investor is required to pay a short-term capital gains tax of 30% if a listed bond is sold within 12 months

FPIs jettison some sectors twice as fast the overall rate of outflows

Some got incremental inflows even amid the exodus, reveals fortnightly depository data

MPC minutes flag inflation worry; aim to bring CPI within target band by Q4

CPI inflation was 7.04% in May. In its June policy review, the MPC raised repo rate by 50 bps to 4.9%, taking the total tally of rate hikes since May to 90 bps

Targeting 'soft landing' for economy: RBI governor Shaktikanta Das

He countered arguments that the central bank should have acted early to tackle the price rise and that it was behind the curve