India's growth 'very solid', important for govt to pay heed to RBI's message on financial stability: IMF Chief Economist
6 years, 1 month ago

India's growth 'very solid', important for govt to pay heed to RBI's message on financial stability: IMF Chief Economist

India TV News  

India's growth over the past four years has been 'very solid', said IMF's Chief Economist Maurice Obstfield on Sunday. "But as the government is trying to better oversee the banking system, these loans have migrated to shadow banking and that is an area where more needs to be done to contain financial pressures, which we are beginning to see in India," he said. I'm not going to take a position on that.But I think.the central bank does have to be intimately concerned with financial stability to some degree and with the payment system," he said, responding to a specific question on the recent developments in India regarding the RBI and the government. "We need to think about what is the best institutional framework in which financial policy can be set with regard to long term stability of the economy, not just to performance over political horizon," Obstfeld said.

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History of this topic

Effective fiscal-monetary coordination was core for India’s success amid a series of adverse shocks: RBI Governor
1 month, 3 weeks ago

Effective fiscal-monetary coordination was core for India’s success amid a series of adverse shocks: RBI Governor

Live Mint  

Mumbai, November 21 : Reserve Bank of India Governor Shaktikanta Das emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks. "Effective fiscal-monetary coordination was at the core of India's success in the face of a series of adverse shocks. From this perspective, macroeconomic stability becomes a shared responsibility of both monetary and …

Indian economy sailing smoothly amid global headwinds: Das
2 months ago

Indian economy sailing smoothly amid global headwinds: Das

Deccan Chronicle  

Mumbai: Reserve Bank Governor Shaktikanta Das on Thursday said the Indian economy has been sailing "smoothly" amid the global headwinds. In comments made days after headline inflation shot up beyond the 6 per cent tolerance band of RBI for October, Das said inflation is "expected to moderate despite periodic humps". With the rupee hitting new lows, Das said India's external …

The Constitution and RBI are two mighty pillars on which India’s stability rests
2 months, 1 week ago

The Constitution and RBI are two mighty pillars on which India’s stability rests

Live Mint  

The formidable institutional structure of the US will be severely tested today by both the presidential election process and its aftermath, whatever the outcome. The year 1935 also saw the establishment of the Reserve Bank of India with core functions as defined in those nascent days of central banking: issuance of bank notes and maintenance of reserves to secure monetary …

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR
6 months, 2 weeks ago

Indian economy, financial system remain robust despite global economy facing heightened risks: FSR

The Hindu  

The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability, the Reserve Bank of India said in the 29th issue of the Financial Stability Report which was released on June 27. SCBs’ gross non-performing assets ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets ratio to 0.6 …

Coalition crutches could cramp reform chase, say Moody’s, Fitch
7 months, 1 week ago

Coalition crutches could cramp reform chase, say Moody’s, Fitch

The Hindu  

With the BJP losing an outright majority in the Lok Sabha, global rating agencies on Wednesday said navigating far-reaching reforms may prove more difficult during a coalition-dependent third term likely for Prime Minister Narendra Modi. While “broad policy continuity” is expected in areas such as the thrust on public capex to spur the economy and gradual fiscal consolidation, a BJP-led …

Dear new govt, do get real
7 months, 2 weeks ago

Dear new govt, do get real

Times of India  

Message to incoming GOI: in the fastest growing large economy, over 80% of those out-of-work are young. It’s imperative, therefore, for the incoming govt to leave campaign rhetoric behind and apply itself to the task of accelerating growth, for all. Here’s a summary of the good, the bad and the ugly of the India growth story that should inform the …

India is the bright spot in sluggish economy
8 months, 4 weeks ago

India is the bright spot in sluggish economy

Hindustan Times  

The April edition of IMF’s World Economic Outlook shows that the global economy has done better in the year than how the Fund expected it to do. Policymakers will have to be cautious in dialling back on monetary tightening, and be mindful of the growing national debt burden, especially in advanced countries. All this will have to be done while …

Financial Stability Council Addresses Macro-Financial Concerns, Stresses Regulatory Coordination
10 months, 3 weeks ago

Financial Stability Council Addresses Macro-Financial Concerns, Stresses Regulatory Coordination

Deccan Chronicle  

New Delhi: Strengthening inter-regulatory coordination in financial sector to support inclusive economic growth in the country, Financial Stability and Development Council, chaired by Union finance minister Nirmala Sitharaman, on Wednesday deliberated a range of critical issues concerning macro-financial stability, including matters related to Know-Your-Customer norms among others. Besides, it also emphasised a constant vigil and proactive efforts towards detecting emerging …

RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das
1 year ago

RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major economies in the world with a rising potential growth profile, and stressed that the central bank remains committed to act early and decisively to prevent any build-up of risks. In his foreword to the RBI's 28th issue of the Financial Stability Report, Mr. Das …

Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI
1 year ago

Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals: RBI

India TV News  

The Reserve Bank of India Governor Shaktikanta Das on Thursday said that India is one of the fastest-growing major economies in the world with a rising potential growth profile. He further said that the Indian economy, domestic financial system remain resilient on strong macroeconomic fundamentals. He further said that Banks' gross non-performing assets ratio has declined to multi-year low of …

IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24
1 year ago

IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24

Op India  

The Executive Board of the International Monetary Fund came up with a ringing endorsement of India’s growth story after concluding the Article IV consultation with New Delhi, commending the nation’s robust economic growth, resilient financial sector, and notable progress in formalisation and digital infrastructure. The IMF projects a continued strong growth trajectory for India, with real Gross Domestic Product expected …

’Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24’
1 year, 4 months ago

’Indian equities to benefit from macro backdrop, Nifty EPS to grow 18% in FY24’

Live Mint  

India’s financial market assets including equities, private markets, bond yields, are expected to benefit structurally from a favourable macroeconomic backdrop over the next few years. According to a report by Standard Chartered, India’s corporate profit cycle remains the strongest since the 2004-08 cycle as the benchmark Nifty index EPS grew at an average 20 per cent between FY21 and FY23 …

Indian economy makes solid recovery despite global headwind: RBI Governor Das
1 year, 6 months ago

Indian economy makes solid recovery despite global headwind: RBI Governor Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on June 28 said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. The global financial system has been impacted by significant strains since early March 2023 from the banking turmoil in the U.S. and Europe. Since the last issue of the …

Indian economy, domestic financial system remain resilient despite global headwinds: RBI Governor Das
1 year, 6 months ago

Indian economy, domestic financial system remain resilient despite global headwinds: RBI Governor Das

India TV News  

Reserve Bank Governor Shaktikanta Das on Wednesday said that the Indian economy has made a strong recuperation and is among the quickest developing enormous economies in spite of elevated vulnerabilities and considerable headwinds. The global and Indian financial systems have traveled somewhat divergent paths since the FSR's last issue in December 2022. Since the beginning of March 2023, the turmoil …

Growth in India is expected to slow to 6.3% in FY2023: World Bank
1 year, 7 months ago

Growth in India is expected to slow to 6.3% in FY2023: World Bank

The Hindu  

Growth in India is expected to slow to 6.3 % in FY 2023/24, a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. “Growth in India is expected to slow further to 6.3 % in FY 2023/24, a 0.3 …

Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das
1 year, 8 months ago

Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das

News 18  

RBI Governor Shaktikanta Das on Thursday said there is a renewed focus on the resilience and stability of the financial sector, and a resilient future-ready bank needs to be financially, operationally and organisationally resilient. He also said the Indian banking system remains resilient, and stress tests show Indian banks will be able to maintain capital adequacy above minimum requirement even …

Banking data bodes well for the economy
2 years ago

Banking data bodes well for the economy

Hindustan Times  

The Reserve Bank of India ’s Report on Trend and Progress of Banking in India 2021-22, released on December 27, underlines the trend of continuous improvement in the health of India’s banking sector. The credit goes to RBI’s nimble-footed approach during the pandemic’s disruption and its sustained efforts to clean bank balance sheets in India. To be sure, the story …

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

India likely to remain fastest growing major economy: RBI Guv Das
2 years, 2 months ago

India likely to remain fastest growing major economy: RBI Guv Das

Deccan Chronicle  

NEW DELHI: Reserve Bank Governor Shaktikanta Das on Saturday exuded confidence that India will continue to be the fastest growing major economy with a likely growth rate of 7 per cent in 2022-23 on the back of strong macroeconomic fundamentals and financial sector stability. The Governor said the financial market turmoil is mainly emanating from the synchronised monetary policy tightening …

India Is Doing Better And In Relative Bright Spot Compared To Other Countries: IMF
2 years, 3 months ago

India Is Doing Better And In Relative Bright Spot Compared To Other Countries: IMF

ABP News  

A top official of International Monetary Fund has said that India is doing better and is in a relatively bright spot compared to other countries when everyone is slowing down in terms of economic growth, the PTI reported. In that context, India is doing better and is in a relative bright spot compared to the other countries in the region.” …

India is doing better and in relatively bright spot compared to others: IMF
2 years, 3 months ago

India is doing better and in relatively bright spot compared to others: IMF

Deccan Chronicle  

Washington: When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to other countries, a top International Monetary Fund official said on Tuesday. In that context, India is doing better and is in a relative bright spot compared to the other countries in …

RBI’s monetrary policy has sent a positive message: Nirmala Sitharaman
2 years, 3 months ago

RBI’s monetrary policy has sent a positive message: Nirmala Sitharaman

The Hindu  

India’s inflation is at a manageable level and the Reserve Bank of India’s latest monetary policy which included a 50 basis points hike in interest rates, have sent a “very positive message in the market”, Finance Minister Nirmala Sitharaman said on Saturday. Over 70% of the foreign portfolio investors who had left the Indian stock markets in the months running …

reserve bank of india 25th financial stability report
2 years, 6 months ago

reserve bank of india 25th financial stability report

The Hindu  

The Reserve Bank of India on Thursday said the Indian economy is well on the path of recovery even though inflationary pressures and geopolitical risks warrant careful handling and close monitoring of the situation. The RBI's 25th Financial Stability Report also said banks as well as non-banking financial institutions have sufficient capital buffers to withstand shocks. "Notwithstanding the challenges from …

RBI shows resilience in the face of shocks
2 years, 7 months ago

RBI shows resilience in the face of shocks

Hindustan Times  

A remarkable feature of India’s governance model in the last few years has been its ability to provide relative resilience in the face of unanticipated shocks. But, as RBI has also made clear, while it is fighting to check inflation, most of the shocks to prices have emanated from factors beyond India’s control. And with RBI’s peers also fighting inflation …

Indian Economy Better Placed To Strengthen Recovery Despite Adverse Global Events: RBI Annual Report
2 years, 7 months ago

Indian Economy Better Placed To Strengthen Recovery Despite Adverse Global Events: RBI Annual Report

News 18  

The Indian economy is relatively better placed to strengthen the recovery that is underway and improve macroeconomic prospects going forward despite adverse international developments including the geopolitical conflict in Europe, surging commodity prices and the coronavirus pandemic, the Reserve Bank of India on Friday said in its Annual Report 2021-22. India’s gross domestic product grew 5.4 per cent in the …

India’s high growth rate 'positive news' for world: IMF
2 years, 8 months ago

India’s high growth rate 'positive news' for world: IMF

Hindustan Times  

International Monetary Fund chief Kristalina Georgieva on Wednesday lauded India's high growth rate, as projected in the latest World Economic Outlook, saying that it is positive news for the world. Even with the small downgrade, growth is projected for this year to be 8.2 per cent," said Georgieva, adding, "healthy for India, but also positive in a world where growth …

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy
2 years, 8 months ago

Finance Minister Sitharaman meets IMF chief, discusses impact of recent 'geopolitical developments' on global economy

Firstpost  

During the meeting, IMF Chief Kristalina Georgieva highlighted India’s well-targeted policy mix that has helped the Indian economy remain resilient even with a limited fiscal space Washington: Finance Minister Nirmala Sitharaman on Tuesday held talks with IMF chief Kristalina Georgieva during which they voiced concern over the impact of the recent “geopolitical developments” on the global economy and the challenges …

Swift, substantial: IMF hails India's response to COVID-19 crisis
3 years, 2 months ago

Swift, substantial: IMF hails India's response to COVID-19 crisis

India TV News  

Describing the Indian government's response to the COVID-19 situation as "swift and substantial", the International Monetary Fund has said the country continued with labour reforms and privatisation despite the pandemic. The IMF in its report based on "consultations" among members, however, sounded a note of caution saying that the economic outlook remains "clouded" due to pandemic-related uncertainties, contributing to both …

India must capture all segments of financial market to fuel growth: IMF
3 years, 9 months ago

India must capture all segments of financial market to fuel growth: IMF

The Hindu  

India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a puzzle to fuel growth in the country, according to a top IMF official. “The goal is …

India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF
3 years, 9 months ago

India needs to grow faster to make up for contraction during COVID-19 pandemic: IMF

The Hindu  

India, which is projected to grow at an impressive rate of 12.5% this year, needs to grow at a much faster pace to make up for the unprecedented contraction of 8% that it clocked during the COVID-19 pandemic in 2020, according to a senior International Monetary Fund official. So, we are very glad to see the strong rebound this year …

The Hindu Explains | What has the RBI cautioned against in its latest Financial Stability Report?
3 years, 11 months ago

The Hindu Explains | What has the RBI cautioned against in its latest Financial Stability Report?

The Hindu  

The story so far: On Monday, the Reserve Bank of India released the 22nd issue of its biannual Financial Stability Report outlining the risks to financial stability as well as the resilience of the financial system in the contemporary context. In his foreword, RBI Governor Shaktikanta Das flagged the many risks ahead, including the recent, accentuating “disconnect between certain segments …

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?
4 years ago

The Hindu Explains | Why is the RBI worried when volume of bad loans declined in the September quarter?

The Hindu  

The story so far: After losses in two consecutive years, India’s scheduled commercial banks turned profitable in 2019-20. The Reserve Bank of India reckons that the first half of 2020-21 saw even greater improvements in banks’ vital statistics, with non-performing assets falling to 7.5% of outstanding loans by September 2020. What former Chief Economic Adviser Arvind Subramanian had called India’s …

RBI’s accommodative stance to revive growth on durable basis, say bankers
4 years, 1 month ago

RBI’s accommodative stance to revive growth on durable basis, say bankers

Live Mint  

Mumbai: The RBI's decision to continue with its accommodative stance this fiscal as well as the next year will ensure a sustainable economic growth, bankers said on Friday. "The RBI policy of maintaining the status quo was expected but the continued forward guidance of an extended accommodative stance will continue to serve the markets well," State Bank of India's Chairman …

Indian economy will recover from coronavirus crisis with right policies: IMF official
4 years, 3 months ago

Indian economy will recover from coronavirus crisis with right policies: IMF official

Live Mint  

The Indian economy, severely hit by the coronavirus pandemic, would be well placed to start recovering from the “horrible crisis” with the government making efforts on both the fiscal and monetary side in addition to putting in place structural elements, a top IMF official has said. In terms of what can be done going forward, clearly on the fiscal side, …

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh
4 years, 5 months ago

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh

The Hindu  

India will see a sharp V-shaped recovery in the third and fourth quarters of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman N.K. Stating that global economic depression will continue to cast shadow on growth prospects next fiscal, Mr. Singh …

A battered IndusInd Bank lays bare RBI’s financial stability challenge
4 years, 9 months ago

A battered IndusInd Bank lays bare RBI’s financial stability challenge

Live Mint  

India’s private sector banks are facing their toughest test yet with a virus outbreak putting their earnings at risk, even as the collapse of a peer bank raises questions on deposits. The bank’s stock dropped 15% on Tuesday after the lender revealed in an investor call that it has lost 10-11% of its deposits since Yes Bank Ltd crumbled earlier …

Financial system stable despite weakening economic growth; reviving consumption, investment a major challenge: RBI
5 years ago

Financial system stable despite weakening economic growth; reviving consumption, investment a major challenge: RBI

Firstpost  

The PSBs need to build stronger buffers to absorb any disproportionate operational losses, while private lenders need to focus on corporate governance, the RBI said. Mumbai: India’s financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India said on Friday. “Reviving the twin engines of consumption and investment while being vigilant about …

India's financial system stable despite weakening economic growth, says RBI
5 years ago

India's financial system stable despite weakening economic growth, says RBI

India Today  

India's financial system remains stable even after economic growth plummeted to a six-year low, the Reserve Bank of India said on Friday. "Reviving the twin engines of consumption and investment while being vigilant about spillovers from global financial markets remains a critical challenge going forward," the central bank said in its bi-annual Financial Stability Report released on Dec. 27. State-owned …

India in midst of significant economic slowdown, says IMF
5 years ago

India in midst of significant economic slowdown, says IMF

The Hindu  

India is now in the midst of a significant economic slowdown, the International Monetary Fund has said, urging the government to take urgent policy actions to address the current prolonged downturn. “India is now in the midst of a significant economic slowdown,” Mr. Salgado told reporters over phone. “It is also true globally that it is easier to pursue structural …

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath
5 years ago

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath

Firstpost  

With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand Washington: With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and …

Fundamental of Indian economy robust: Finance Ministry
5 years, 2 months ago

Fundamental of Indian economy robust: Finance Ministry

India TV News  

The government on Friday reacted strongly to Moody's Investor Service changing its outlook on India's ratings to negative, saying the fundamentals of the economy remain quite robust and series of reforms undertaken recently would stimulate investments. In a statement soon after Moody's lowered the outlook to negative from stable, the Finance Ministry said India continues to be among the fastest-growing …

IMF sees Indian economic growth rebounding to 7% next fiscal
5 years, 2 months ago

IMF sees Indian economic growth rebounding to 7% next fiscal

Live Mint  

Singapore: The International Monetary Fund sees Indian economic growth rebounding to around 7 per cent in the next financial year, supported by measures like monetary policy stimulus and corporate income tax cuts. “We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year. We …

IMF sees Indian economic growth rebounding to 7 pc next fiscal
5 years, 2 months ago

IMF sees Indian economic growth rebounding to 7 pc next fiscal

India TV News  

The International Monetary Fund sees Indian economic growth rebounding to around 7 per cent in the next financial year, supported by measures like monetary policy stimulus and corporate income tax cuts. “We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year. The recent …

India has worked on fundamentals, but problems needs to be addressed; projecting strong growth for country: IMF
5 years, 2 months ago

India has worked on fundamentals, but problems needs to be addressed; projecting strong growth for country: IMF

Firstpost  

Washington: The International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed. The IMF on Tuesday trimmed India’s growth forecast by 90 basic points to 6.1 percent. They ought to help resolve some of these issues,” IMF managing director Kristalina …

India has worked on fundamentals, but problems needs to be addressed: IMF
5 years, 2 months ago

India has worked on fundamentals, but problems needs to be addressed: IMF

Live Mint  

Washington: The International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed. The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1 per cent. They ought to help resolve some of these issues," IMF Managing Director …

India has worked on fundamentals, but problems needs to be addressed: IMF
5 years, 2 months ago

India has worked on fundamentals, but problems needs to be addressed: IMF

India TV News  

The International Monetary Fund on Thursday said though India has worked on the fundamentals of its economy, there are problems, including the long-term drivers of growth, that need to be addressed. The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1 per cent. They ought to help resolve some of these issues," IMF Managing Director Kristalina …

'Looks optimistic but...': IMF chief Gita Gopinath says Important for India to keep fiscal deficit in check
5 years, 2 months ago

'Looks optimistic but...': IMF chief Gita Gopinath says Important for India to keep fiscal deficit in check

India TV News  

It is important for India to keep fiscal deficit in check, even though its revenue projections look optimistic, Chief Economist of the International Monetary Fund Gita Gopinath has said. As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook, released on Tuesday, projected the country's growth rate at 6.1 per …

India's economic growth 'much weaker' than expected: IMF
5 years, 4 months ago

India's economic growth 'much weaker' than expected: IMF

India TV News  

India's economic growth is "much weaker" than expected, the IMF said on Thursday, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. The International Monetary Fund in July projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its …

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?
5 years, 6 months ago

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?

Firstpost  

The Financial Stability Report is a very important document on the financial sector as it analyses threadbare the overall state of the various segments as well as highlights the risk-related issues that have been identified which can cause potential challenges. The FSR is happy with the state of the banking system as the gross non performing asset ratio is 9.3 …

Govt, Reserve Bank of India must work closely to boost sagging growth engine, ensure systemic stability: Shaktikanta Das
5 years, 6 months ago

Govt, Reserve Bank of India must work closely to boost sagging growth engine, ensure systemic stability: Shaktikanta Das

Firstpost  

Das said there has been an improvement in the performance of the state-run lenders due to recapitalisation Mumbai: Governor Shaktikanta Das June 27 called for more cooperation between the government and the Reserve Bank to help boost the sagging growth engine and to ensure systemic stability. “Overall, the situation warrants greater cooperation internationally as well as monetary and fiscal coordination …

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