RBI asks Govt to speed up reforms in banking system
9 years, 7 months ago

RBI asks Govt to speed up reforms in banking system

The Hindu  

The Reserve Bank of India on Thursday warned the Government that any delay in reform of the banking system in the country would lead to greater risk in the economy. “The current stress in the banking system suggests that the real economy will not wait for the banking system, and a slow pace of reform could lead to greater, rather than lower risk residing in the banking system,” wrote RBI Governor Raghuram Rajan in his overview of the central bank’s annual report 2014-15. “Financial sector reforms need to move on many fronts,” said Dr. Rajan, adding, “for a country as big and populous as India, reforms cannot be shots in the dark, subjecting the economy to great uncertainty and risk.” “Wherever possible, we have to move steadily but firmly, ever expanding the scope of reforms while always limiting the uncertainty they create. While talking on financial sector, Dr. Rajan said that “we need to increase efficiency through greater entry and competition.” The most appropriate institutions will prevail when the competitive arena is level, so we have to remove regulatory privileges as well as impediments wherever possible, especially those that are biased towards some form of ownership or some particular institutional form.

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History of this topic

RBI to focus on better customer service and protection, says governor Malhotra
12 hours, 55 minutes ago

RBI to focus on better customer service and protection, says governor Malhotra

Live Mint  

Mumbai: The Reserve Bank of India will push for wider financial inclusion and enhancing customer service and protection, governor Sanjay Malhotra said on Tuesday. “We shall strive to foster a culture of continuous improvement in customer services and strengthening customer protection,” Malhotra said at an event commemorating 90 years of the central bank. “As we mark this milestone, we recognize …

Realign policies of RBI to changing economic realities
3 weeks, 2 days ago

Realign policies of RBI to changing economic realities

New Indian Express  

Under the new leadership, the Reserve Bank of India is ‘undoing’ some of the measures taken during the previous regime to allow the banking system to breathe easy. By the time Sanjay Malhotra took the reins of the central bank from Shaktikanta Das in December last year, India’s growth had slowed down to 5.6 percent, and the equity market was …

DC Edit | RBI cautious amid uncertainties
3 weeks, 5 days ago

DC Edit | RBI cautious amid uncertainties

Deccan Chronicle  

The Reserve Bank of India’s announcement to inject nearly Rs 1.9 lakh crore cash into the banking system in March, in addition to Rs 1.7 lakh crores that it infused in February as part of its liquidity-enhancing measures, reflects its concerns about global economic uncertainties. While the RBI injected Rs 1.9 lakh crores through open market options and forex swaps …

RBI eases lending rules for small borrowers and NBFCs. Here's what it means
1 month ago

RBI eases lending rules for small borrowers and NBFCs. Here's what it means

India Today  

The Reserve Bank of India has eased the stricter loan rules for small borrowers and non-bank lenders at a time when the economy is showing signs of slowing down. The RBI has also put on hold its earlier proposals to increase the capital that banks must set aside for new project loans and the liquidity they need to maintain for …

RBI warns of financial risks from surging unsecured debt, speculative trading
1 month, 1 week ago

RBI warns of financial risks from surging unsecured debt, speculative trading

Live Mint  

India’s rapid digital financial expansion is fuelling both opportunity and risk, with rising unsecured debt and speculative trading posing new challenges for the financial system, Reserve Bank of India deputy governor M. Rajeshwar Rao warned Friday. Read this | Gold auctions on the rise as NBFCs look to clean up books on RBI diktat, rise in prices Regulated financial firms …

S. Naren has an advice for investors: protect gains made over past five years
1 month, 3 weeks ago

S. Naren has an advice for investors: protect gains made over past five years

Live Mint  

In an uncertain financial landscape marred by slow earnings growth at home and global tariff tantrums, the best equity strategy for the householder is to not allocate just to equities, but to also channel savings into debt, global stocks, realty, gold and silver, according to the investment head of the country's second-largest fund house. Those choosing the systematic investment plan …

RBI in sync with government on growth focus, says Sitharaman
1 month, 3 weeks ago

RBI in sync with government on growth focus, says Sitharaman

The Hindu  

With the Reserve Bank of India following up the Union Budget’s demand stimulus for the slowing economy with a long-awaited interest rate cut, Finance Minister Nirmala Sitharaman said on Saturday that fiscal and monetary policy working in harmony to spur growth impulses, should yield a bigger boost to the economy. The government expected India’s tepid private investment trends to reverse, …

Indian banks’ liquidity crunch is partly RBI’s own doing
2 months ago

Indian banks’ liquidity crunch is partly RBI’s own doing

Live Mint  

The chickens are coming home to roost. In July 2024, RBI had suggested that banks assign an additional 5% ‘run-off factor’—broadly, the portion of deposits kept handy to cover a surge in withdrawals—for retail deposits that can be accessed via internet and mobile banking. One, in accordance with the Basel III framework of the Basel Committee on Banking Supervision, banks …

Growth, inflation, financial stability: It’s a season of major trade-offs for India’s policymakers
2 months ago

Growth, inflation, financial stability: It’s a season of major trade-offs for India’s policymakers

Live Mint  

For India, the January-March quarter is a critical period marked by major data releases, key policy decisions, and significant documents. An RBI study warned that persistently high food prices could unanchor inflation expectations unless countered by monetary policy measures. But therein lies the dilemma: tightening monetary policy could help control inflation expectations but at the cost of slowing an already …

RBI Governor asks banks to have robust systems to curb digital frauds
2 months ago

RBI Governor asks banks to have robust systems to curb digital frauds

The Hindu  

Flagging the rising digital frauds, RBI Governor Sanjay Malhotra on Monday urged banks to put in place robust and proactive systems to curb such misdoings as well as enhance their oversight of third-party service providers to mitigate the risks. In his remarks, the RBI chief expressed concern over rise in digital frauds and advised banks to establish robust and proactive …

Capital markets to watch budget balance between fiscal deficit and spending
Trending News
2 months, 1 week ago

Capital markets to watch budget balance between fiscal deficit and spending

Live Mint  

India’s market participants will watch the upcoming Union Budget for 2025-26 for proposals to boost consumption while continuing on the patch of fiscal consolidation as the economy grapples with a slowdown. The expectations from finance minister Nirmala Sitharaman’s eight budget are centered around potential reforms and fiscal measures that could boost various sectors and maintain India's growth momentum, said Dhiraj …

Prospects of economy expected to improve in 2025: RBI Governor
3 months ago

Prospects of economy expected to improve in 2025: RBI Governor

The Hindu  

Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025. "As we strive to preserve financial stability to support a higher growth path for the Indian economy, …

Indian Banking Liquidity Deficit Hits Highest in Six Months
3 months, 2 weeks ago

Indian Banking Liquidity Deficit Hits Highest in Six Months

Live Mint  

-- The liquidity deficit in the Indian banking system hit the highest in nearly six months on advance tax payments by companies and likely dollar sales by the central bank to curb rupee volatility. The banking system cash deficit, as measured by banks’ borrowings from the Reserve Bank of India, was at 1.5 trillion rupees as of Monday, the highest …

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
3 months, 2 weeks ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

RBI cuts banks’ reserve requirements, a precursor to policy rate easing
3 months, 3 weeks ago

RBI cuts banks’ reserve requirements, a precursor to policy rate easing

Live Mint  

We have been talking about the Reserve Bank of India easing interest rates for quite some time. In the previous policy review on 9 October, the RBI changed its stance on interest rates from “withdrawal of accommodation" to neutral. Before the 9 October review meeting, the RBI had projected CPI inflation at 4.5% in FY25. At the previous meeting on …

RBI reduces CRR to 4% for liquidity boost. 3 things to know
3 months, 3 weeks ago

RBI reduces CRR to 4% for liquidity boost. 3 things to know

India Today  

The Reserve Bank of India's Monetary Policy Committee has reduced the cash reserve ratio to 4% from 4.5% to address liquidity woes, announced Governor Shaktikanta Das. RBI Governor Shaktikanta Das said that lowering the Cash Reserve Ratio is consistent with the central bank's neutral policy stance. “A CRR cut would inject liquidity into the banking system, providing a cushion for …

RBI Is Said to Shore Up Banking Liquidity Before Rate Decision
3 months, 3 weeks ago

RBI Is Said to Shore Up Banking Liquidity Before Rate Decision

Live Mint  

-- India’s central bank has been shoring up banking system liquidity ahead of a key policy decision, having depleted it in recent days in its efforts to stabilize the rupee, according to people familiar with its transactions. The moves come at a time when the slowest pace of economic expansion in almost two years is mounting pressure on central bank …

Indian bankers aren’t always frank about RBI regulations, are they?
4 months, 2 weeks ago

Indian bankers aren’t always frank about RBI regulations, are they?

Live Mint  

The ‘world’s banker’ Jamie Dimon, CEO of JPMorgan Chase, speaks his mind even if it means taking swipes at US regulators. Kamath and HDFC’s chairman Deepak Parekh would air their views publicly on important banking issues, including what the Reserve bank of India should be doing on interest rates. Cut to now, it’s extremely rare for bankers to talk about …

Indian economy sailing smoothly amid global headwinds: Das
4 months, 2 weeks 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 …

Banks urged to focus on core business, innovate for higher deposits: FM Sitharaman
7 months, 3 weeks ago

Banks urged to focus on core business, innovate for higher deposits: FM Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman has called on banks to concentrate on their core business activities, emphasising the importance of innovative products to increase deposits. Call for innovation Sitharaman encouraged banks to develop innovative products to boost deposits, particularly in light of the growing gap between deposits and lending. RBI's stance RBI Governor Shaktikanta Das echoed Sitharaman's concerns, noting that …

India assessing need for more measures to slow unsecured lending, cenbank chief says
9 months, 3 weeks ago

India assessing need for more measures to slow unsecured lending, cenbank chief says

Hindustan Times  

MUMBAI - India's central bank is assessing whether further measures would be needed to slow down the growth in banks' lending towards unsecured loans and non-banking finance companies, Governor Shaktikanta Das said on Friday. India assessing need for more measures to slow unsecured lending, cenbank chief says The Reserve Bank of India, has warned lenders against "all forms of exuberance" …

RBI@90, and what Prime Minister Modi had to say
1 year ago

RBI@90, and what Prime Minister Modi had to say

Live Mint  

Mumbai: Lauding the Reserve Bank of India for its astute management of the country’s financial system at an event on Monday to mark the central bank’s 90th anniversary, Prime Minister Narendra Modi laid out a roadmap for the next 10 years, saying India would need to become economically self-reliant to shield itself from external shocks. The prime minister unveiled a …

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more
1 year ago

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more

Live Mint  

RBI Celebrates 90 Years: Prime Minister Narendra Modi on April 1 praised the widespread adoption of UPI and stressed the importance of the Reserve Bank of India focusing on promoting digital transactions and financial inclusion over the next decade. Governor Shaktikanta Das, in his opening statement, emphasised the RBI's ongoing efforts to bolster the resilience of India's financial sector by …

RBI 90 years ceremony | PM Modi calls for greater economic self-reliance, making rupee more acceptable, accessible globally
1 year ago

RBI 90 years ceremony | PM Modi calls for greater economic self-reliance, making rupee more acceptable, accessible globally

The Hindu  

Prime Minister Narendra Modi on April 1 said India needs to increase its economic self-reliance in the next 10 years to mitigate the impact of global crises, and make rupee more accessible and acceptable throughout the world. Noting the achievement of the RBI in infusing rule-based discipline and fiscally prudent policies in the banking sector, the Prime Minister asked for …

Why is RBI so cranky about fintech firms after Paytm crisis?
1 year, 1 month ago

Why is RBI so cranky about fintech firms after Paytm crisis?

Hindustan Times  

First, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. While freezing fresh credits into Paytm Payments Bank accounts for “persistent non-compliances and continued material supervisory concerns,” RBI mandated that the bank terminate the nodal accounts of One 97 Communications …

RBI Governor says no need to worry about fintech system at the moment
1 year, 1 month ago

RBI Governor says no need to worry about fintech system at the moment

New Indian Express  

NEW DELHI: Allaying fears over the functioning of digital payment banks amid Paytm controversy, Reserve Bank of India Governor Shaktikanta Das on Thursday said there is no need to worry about the fintech system at the moment. The apex banks’ emphasis has always been on the bilateral engagement with the regulated entities to nudge them for corrective actions and sufficient …

FM Sitharaman calls for more SBI-sized banks as India’s economy grows
1 year, 1 month ago

FM Sitharaman calls for more SBI-sized banks as India’s economy grows

Live Mint  

Finance Minister Nirmala Sitharaman in an interview with Mint said that the Indian economy is going through a structural transformation and conventional paradigms are being challenged. STRUCTURAL TRANSFORMATION IN RURAL AREAS Nirmala Sitharaman said that the government is working on data to measure the structural transformation in rural areas. "Government is prepared to address any impact on the rural economy …

RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das
1 year, 3 months 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, 3 months 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 …

Indian economy makes solid recovery despite global headwind: RBI Governor Das
1 year, 9 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, 9 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 …

Former RBI Governor Raghuram Rajan says US economy on cusp of time bomb
1 year, 10 months ago

Former RBI Governor Raghuram Rajan says US economy on cusp of time bomb

Firstpost  

Former Reserve Bank of India Governor Raghuram Rajan has expressed his views about the global economy and global economic challenges. In a podcast with DBS Bank’s Chief Economist Taimur Baig, Rajan said that the way the US authorities handled the banking crisis was somewhat predictable. However, another banking giant, Credit Suisse, was caught in huge financial troubles until the US …

Stronger early warning system to check financial stress soon
1 year, 10 months ago

Stronger early warning system to check financial stress soon

Live Mint  

New Delhi: India will create a wide set of early warning indicators to assess any developing stress in the financial sector and take quick remedial measures, said Ajay Seth, secretary of the department of economic affairs. Seth said the indicators would capture information from the financial markets, global markets as well as the economy, in addition to the set of …

Indian Banks Remain Resilient, Not Adversely Impacted by Recent Global Events: RBI Governor Shaktikanta Das
1 year, 11 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 …

RBI Governor Shaktikanta Das's message to banks over ongoing crisis in US banking system
2 years ago

RBI Governor Shaktikanta Das's message to banks over ongoing crisis in US banking system

India TV News  

RBI Governor Shaktikanta Das's message to banks over ongoing crisis in US banking system RBI governor Shaktikanta Das cautioned banks against any build-up of asset-liability mismatches and asserted that both are detrimental to financial stability. RBI governor Shaktikanta Das while addressing the annual KP Hormis Commemorative lecture in Kochi today, cautioned banks against any build-up of asset-liability mismatches, saying both …

RBI lifts loan costs to tame inflation
2 years, 1 month ago

RBI lifts loan costs to tame inflation

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that the rate increases since May were still working their way through the …

Budget 2023 | Finance Minister proposes amendments to banking laws
2 years, 2 months ago

Budget 2023 | Finance Minister proposes amendments to banking laws

The Hindu  

The Union Budget has proposed certain amendments to the Banking Regulation Act, the Banking Companies Act and the Reserve Bank of India Act to improve bank governance and enhance protection of investors. To build the capacity of functionaries and professionals in the securities market, the Securities and Exchange Board of India will be empowered to develop, regulate, maintain and enforce …

Economy at risk from move to clean energy: study
2 years, 2 months ago

Economy at risk from move to clean energy: study

The Hindu  

India’s financial sector is highly exposed to the risks of the economy transitioning from being largely dependent on fossil fuel to clean energy, says a study in the Global Environmental Change journal, published online last week. Mapping India’s policy commitments against these lending and investment patterns reveals that India’s financial sector is heavily exposed to potential transition risks. Sovereign green …

Reimagining how the Reserve Bank functions
2 years, 2 months ago

Reimagining how the Reserve Bank functions

Hindustan Times  

The Supreme Court judgment on demonetisation last week appears to have reignited the debate on the relationship between the Reserve Bank of India and the Union government. The parliamentary committee wants to ensure that financial regulators such as RBI are adequately prepared to support India’s growth journey, the chair of the committee, Jayant Sinha, said in an interview to Mint …

Banking data bodes well for the economy
2 years, 3 months 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 …

India likely to remain fastest growing major economy: RBI Guv Das
2 years, 4 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 …

RBI Actively Working Towards Phased Implementation Of CBDC: Shaktikanta Das
2 years, 6 months ago

RBI Actively Working Towards Phased Implementation Of CBDC: Shaktikanta Das

ABP News  

The Reserve Bank of India Governor Shaktikanta Das on Tuesday said that the central bank is committed to supporting innovation for fintech companies while keeping in mind consumer protection. Further, the RBI is now actively working towards a phased implementation of Central Bank Digital Currency in both wholesale and retail segments. The number of UPI QR code enabled payment acceptance …

Tackling Inflation Is RBI's Top Priority, Trying Not To Hurt Growth, Says Shaktikanta Das
2 years, 6 months ago

Tackling Inflation Is RBI's Top Priority, Trying Not To Hurt Growth, Says Shaktikanta Das

News 18  

Reserve Bank of India Governor Shaktikanta Das on Friday said tackling inflation is the central bank’s top priority and the RBI will try to minimise its impact on growth. India’s GDP rose 13.5 per cent in the June 2022 quarter. However, the Q1FY23 growth fell short of the RBI’s projection of 16.2 per cent. The RBI’s Monetary Policy Committee hiked …

RBI Bulletin: Big bang Approach To PSB Privatisation May Do More Harm Than Good
2 years, 7 months ago

RBI Bulletin: Big bang Approach To PSB Privatisation May Do More Harm Than Good

ABP News  

A big bang approach to privatisation of state-run banks may do more harm than good, according to the latest Reserve Bank of India bulletin released on Thursday. The RBI’s paper showed some of the major reasons that public sector banks can serve the country better than private banks include better financial inclusion, better credit system, and better efficiency of the …

RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das
2 years, 8 months ago

RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das

The Hindu  

Reserve Bank of India will continue calibrating policy to preserve and foster macroeconomic stability while bringing down inflation and will remain flexible in its approach, Governor Shaktikanta Das said on Saturday. The global economy is going through an uncertain time and concerns around growth and inflation persist, but the central bank believes that there could be some respite from rising …

Big tech firms offering financial services pose risk to financial stability: RBI
2 years, 9 months ago

Big tech firms offering financial services pose risk to financial stability: RBI

Firstpost  

Big techs can scale up rapidly and pose risk to financial stability, which can arise from increased disintermediation of incumbent institutions, RBI stated Mumbai: Big tech companies offering financial services pose risk to financial stability as their complex intertwined operational linkages with financial institutions could lead to contagion effect and potential anti-competitive behaviour, the Reserve Bank of India has said. …

reserve bank of india 25th financial stability report
2 years, 9 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 …

Govt mindful of inflation situation, says RBI Governor Das
2 years, 9 months ago

Govt mindful of inflation situation, says RBI Governor Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Wednesday said the government is "mindful" of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation. "I am sure the government is mindful of the current inflation situation and it is for the government to decide on further supply-side …

India sought probe into ex-RBI gov Rajan for helping ‘white man’
2 years, 11 months ago

India sought probe into ex-RBI gov Rajan for helping ‘white man’

Al Jazeera  

Indian government accused its RBI of setting interest rates to favour developed nations, pushing it to slash the rates. New Delhi, India – A year after the government led by Narendra Modi’s BJP came to power in 2014, the top finance ministry official accused the Reserve Bank of India of setting interest rates to benefit developed countries and sought a …

RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health post pandemic
3 years, 6 months ago

RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health post pandemic

India TV News  

Reserve Bank Governor Shaktikanta Das on Wednesday pitched for higher investment in infrastructure and reforms in labour and product markets to achieve sustainable growth post-pandemic. Addressing AIMA National Management Convention, Das underlined the need for increased investment in healthcare education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities. Noting that the pandemic has affected the poor …

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