He had assumed charge as the 25th governor of RBI effective December 12, 2018
Making RBI's professional skills comparable to the best in the world will not be easy because those who have to be supervised the most - the PSBs - are owned by the govt, which also owns the RBI
Here are the 10 important events, policy decisions that Das undertook after becoming the 25th governor of the RBI on Dec 12, 2018
While it is true that institutions are more important than the person, ideology and approach of Governors of central banks are important
The move also signals the government's endorsement of the policies pursued by the central bank
The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side
The governor's office has assured the unions of an early resolution
India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said
Quality spending can have multiplier effect, says Das
'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'
RBI Governor's statement says, this process will be gradual, calibrated, and non-disruptive, while remaining supportive of the economic recovery
Das said both RBI as well as the government are speaking with major index providers globally for such an entry.
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment
In addition, the Reserve Bank also proposed to introduce a framework for retail digital payments in offline mode across the country
As part of the liquidity management, Das said the need for undertaking further G-Sec Acquisition Programme (G-SAP) operations at this juncture does not arise
We remain cautious that reviving demand could embolden pricing power, allowing a faster transmission of the supply-side pressures to core inflation
The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn
RBI Monetary policy highlights: RBI announcement comes against the backdrop of Covid-19 infections receding in recent days and the economy stablising. Stay tuned for all the LIVE updates
With the objective of upping customer experience, the Reserve Bank on Friday announced an internal ombudsman scheme (IOS) to redress grievances at select non-banking finance companies (NBFCs)
Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%