Will speak to RBI governor on urgency of PMC depositors: Sitharaman
5 years, 3 months ago

Will speak to RBI governor on urgency of PMC depositors: Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman on Thursday promised to bring in legislative changes for upholding of interests of PMC Bank customers. Addressing a press conference, Sitharaman said secretaries from the department of financial services and economic affairs will be meeting a deputy governor of RBI soon to look into the "shortcomings" of the functioning of multi-state cooperative banks and see if any amendments can be made to the laws. Last month, the PMC Bank was put under "directions" by the Reserve Bank of India due to weak financial health, wherein the central bank has capped the deposit withdrawals at Rs 25,000. Hinting at other measures like steps to improve exports, easing credit, making more money available by early repayments to vendors and front-loading of banks recapitalisation, Sitharaman said the government has been working on sector-specific measures. Her comments came hours after global rating agency Moody's Investors Service sharply cut its FY20 GDP growth forecast for India to 5.8 per cent.

India Bank Rbi Sitharaman Pmc Bank Pmc Depositors  economic  speak  governor  growth  pmc  depositors  rbi  sitharaman  urgency  steps  bank  gdp  cent

History of this topic

Good news for FD investors: Finance Minister Nirmala Sitharaman likely to make major announcements in Budget
1 week, 4 days ago

Good news for FD investors: Finance Minister Nirmala Sitharaman likely to make major announcements in Budget

India TV News  

Fixed deposit investors may soon have a reason to celebrate as Finance Minister Nirmala Sitharaman makes an important announcement in the upcoming Union Budget for FY 2025-26. Expected announcements in the budget Tax exemptions for FDs : Tax relief on income generated from fixed deposits and shorter lock-in periods for tax-saving FDs. Funds for MSMEs and green initiatives : Specific …

Nirmala Sitharaman, TMC MP spar over central funds
4 weeks ago

Nirmala Sitharaman, TMC MP spar over central funds

Hindustan Times  

The Lok Sabha witnessed a brief confrontation between Union finance minister Nirmala Sitharaman and Trinamool Congress MP Sudip Bandyopadhyay during he discussion on the first batch of supplementary demands for grants over the alleged withholding of funds under the Mahatma Gandhi National Rural Employment Guarantee Act and the Pradhan Mantri Awas Yojana. “We are allowing you to fix it and …

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

DC Edit | FM, new RBI chief signal cut
1 month ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle  

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Sitharaman Rebukes Rahul Gandhi Over Allegations on Public Sector Banks
1 month ago

Sitharaman Rebukes Rahul Gandhi Over Allegations on Public Sector Banks

Deccan Chronicle  

Union Finance Minister Nirmala Sitharaman strongly criticized Leader of Opposition Rahul Gandhi for his comments regarding the functioning of Public Sector Banks under the Modi government. Responding to Gandhi's accusations that PSBs have been turned into "private financiers for the rich and powerful," Sitharaman highlighted the significant reforms and improvements in the banking sector during the Modi regime.On Wednesday, Gandhi, …

Sanjay Malhotra takes charge as RBI Governor
Trending News
1 month ago

Sanjay Malhotra takes charge as RBI Governor

Deccan Chronicle  

Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers.The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.Malhotra, who recently served as the …

India’s new central bank governor takes over as economic growth slows and inflation rises
1 month ago

India’s new central bank governor takes over as economic growth slows and inflation rises

Associated Press  

NEW DELHI — India got a new central bank governor on Wednesday as the country’s economic growth slows and inflation surges. Sanjay Malhotra, a career civil servant, was appointed to a three-year term as head of the Reserve Bank of India, succeeding Shaktikanta Das, who retired as central bank governor after an extended six-year term. In a brief statement Wednesday, …

New Challenges for New RBI Governor
1 month ago

New Challenges for New RBI Governor

Deccan Chronicle  

The new year 2025 is going to see a new and very different MPC composition with three newly appointed external MPC members in October 2024, being now joined by the new governor and possibly a new deputy governor in January 2025 with deputy governor Michael Patra's tenure getting over. Entrenched state of India's stagflation, tricky timings and small window of …

New RBI guv must keep macro picture in sight
1 month ago

New RBI guv must keep macro picture in sight

Hindustan Times  

The Reserve Bank of India is one of India’s most illustrious institutions. In 2016, the Centre added another mandate to RBI’s responsibilities, controlling inflation in the economy. India's Press Information Bureau/Handout via REUTERS The change of guard in Mint Street, with Sanjay Malhotra replacing incumbent Shaktikanta Das, comes at a point where the central bank has been steadfastly holding interest …

Will work to understand all perspectives, do what's best for economy: RBI Governor-designate Sanjay Malhotra
1 month ago

Will work to understand all perspectives, do what's best for economy: RBI Governor-designate Sanjay Malhotra

The Hindu  

Revenue Secretary Sanjay Malhotra on Tuesday said he will work to understand all perspectives and do what is best for the economy after he takes charge as the RBI Governor on December 11. Responding to reporters' queries outside the Finance Ministry, Mr. Malhotra said, "One has to understand the turf, all perspectives and do what's best for the economy." Mr. …

Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das
1 month ago

Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das

Live Mint  

Mumbai, Dec 10 Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as …

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’
1 month ago

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’

Live Mint  

Reserve Bank of India Governor Shaktikanta Das is stepping down today, December 10. ‘Benefitted from PM Modi's Thoughts and Ideas’ Thanking the prime minister, Das added, “Immensely grateful to the Hon’ble PM Narendra Modi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts.” …

One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra
Top News
1 month ago

One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra

India Today  

Outgoing Reserve Bank of India Governor Shaktikanta Das shared his thoughts on his successor, Sanjay Malhotra, during a press conference held on his final day in office. Shaktikanta Das spoke highly of Sanjay Malhotra, who is set to take over as the new RBI Governor for a three-year term, effective Wednesday, December 11. COORDINATION WITH THE FINANCE MINISTRY Shaktikanta Das …

Sanjay Malhotra's focus as RBI Governor: 3 key areas to watch out for
1 month ago

Sanjay Malhotra's focus as RBI Governor: 3 key areas to watch out for

India Today  

Sanjay Malhotra, the new Reserve Bank of India Governor, assumes charge at a time when economic challenges demand fresh perspectives. Analysts at Nomura anticipate a rate cut at the February Monetary Policy Committee meeting, possibly by 25 basis points, with further cuts totalling 100 basis points by the end of 2025. Macroprudential policies: Encouraging bank credit growth Malhotra’s background in …

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor
1 month ago

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor

India Today  

Shaktikanta Das, the outgoing Governor of the Reserve Bank of India, expressed gratitude to Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, and the central bank team on his last day in office. Das also highlighted his working relationship with Sitharaman, and said, “The fiscal-monetary coordination was at its best and helped us deal with the multiple challenges during the …

New RBI Governor: Revenue Secretary Sanjay Malhotra To Replace Shaktikanta Das
1 month ago

New RBI Governor: Revenue Secretary Sanjay Malhotra To Replace Shaktikanta Das

ABP News  

The government announced on Monday that Sanjay Malhotra, currently the revenue secretary for the government of India, will take over as the governor of the Reserve Bank of India. Malhotra, an experienced bureaucrat, will assume the role of the 26th Governor of the Reserve Bank of India, succeeding Shaktikanta Das, whose term concludes on Tuesday. Shaktikanta Das Meanwhile, before Shaktikanta …

RBI Governor Shaktikanta Das Meets FM Sitharaman Days Before Tenure Expiry: Report
1 month ago

RBI Governor Shaktikanta Das Meets FM Sitharaman Days Before Tenure Expiry: Report

ABP News  

The Reserve Bank of India Governor Shaktikanta Das met with Finance Minister Nirmala Sitharaman on Saturday. Citing sources, the report said that Das called on the finance minister ahead of the upcoming expiry of his extended tenure. Due to his three-year extension granted to Das, he is already one of the longest serving RBI governors in the banking regulator’s 90-year …

RBI monetary policy: MPC projects FY25 inflation at 4.8%
1 month, 1 week ago

RBI monetary policy: MPC projects FY25 inflation at 4.8%

Live Mint  

RBI Monetary Policy meeting: The Reserve Bank of India revised its inflation projection for 2024–2025 to 4.8% with Q3 at 5.7%, and Q4 at 4.5% The consumer price index inflation for the first quarter of the next financial year 2025-26 is projected at 4.6% and the second quarter at 4%. RBI October Monetary Policy Outcome During the Monetary Policy Committee …

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?
1 month, 1 week ago

RBI monetary policy meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?

Hindustan Times  

The Reserve Bank of India is set to announce its interest rate decision on Friday, December 6, following a three-day monetary policy meeting. "Coming up: Monetary Policy Statement by #RBI Governor @DasShaktikanta on December 06, 2024, at 10:00 am," the Reserve Bank announced on social media platform 'X'. Reserve Bank governor Shaktikanta Das, headed a six-member Monetary Policy Committee, started …

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
1 month, 1 week ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in
Trending News
1 month, 1 week ago

RBI MPC Meeting: What happens if the central bank cuts interest rates tomorrow? D-Street experts weigh in

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a three-day meeting that began on December 4, 2024. RBI MPC to adopt a ‘balancing act’ in December review India’s GDP growth in the July-September quarter of the current fiscal was below D-Street …

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement
1 month, 1 week ago

RBI MPC Meeting: When and where to watch Governor Shaktikanta Das’ policy announcement

Live Mint  

RBI MPC Meeting: Reserve Bank of India's three-day monetary policy committee started its meeting on Wednesday, December 4, to decide on interest rates for the Indian economy and the central bank's policy stance. The central bank's bi-monthly policy meeting comes forth amid the backdrop of sticky inflation and slowing growth in the nation's economy. RBI's current policy stance & expectations …

Why Nirmala Sitharaman, Piyush Goyal would like RBI to slash interest rates
1 month, 3 weeks ago

Why Nirmala Sitharaman, Piyush Goyal would like RBI to slash interest rates

India Today  

Two senior ministers of the Narendra Modi government have recently underlined the need to lower interest rates to spur growth, bringing into focus a matter that, in the past, sparked heated debates and even led to differences of opinion between the government of the day and the Reserve Bank of India. Both Union finance minister Nirmala Sitharaman and Union commerce …

‘Your input is valuable’: Nirmala Sitharaman responds to middle-class relief plea on X
1 month, 4 weeks ago

‘Your input is valuable’: Nirmala Sitharaman responds to middle-class relief plea on X

Live Mint  

The Union Finance Minister of India, Nirmala Sitharaman, on Monday, November 17, responded to a request for relief for the middle-class citizens of the country in a social media post on platform X. The post was from an individual on the social media platform asking the government to consider providing some financial relief for the middle-class people of Indian society. …

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

RBI MPC 2024: RBI Keeps Repo Rate Unchanged At 6.5%; Says GDP Growth Is Buoyant
9 months, 1 week ago

RBI MPC 2024: RBI Keeps Repo Rate Unchanged At 6.5%; Says GDP Growth Is Buoyant

News 18  

RBI MPC April 2024 Meeting LIVE: The Reserve Bank of India governor Shaktikanta Das announced the Monetary Policy Committee’s decision on key interest rates today. The two-day review meeting of the RBI’s Monetary Policy Committee, the rate-setting panel, commenced on April 3 and concluded today. Five out of six members voted in favour of the rate decision whereas the monetary …

RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time
9 months, 1 week ago

RBI MPC maintains repo rate at 6.5 per cent for the 7th consecutive time

India TV News  

In the latest update from the Reserve Bank of India, the Monetary Policy Committee has decided to keep the repo rate steady at 6.5% for the seventh consecutive time. Governor Shaktikanta Das, during the announcement of the bi-monthly policy meeting, highlighted the committee’s majority decision of 5:1 to maintain the current stance, focusing on liquidity management to curb inflation. Economic …

RBI's Interest Rate Decision, PMI Data, Currency Movements To Drive Markets Ahead, Say Analysts
9 months, 2 weeks ago

RBI's Interest Rate Decision, PMI Data, Currency Movements To Drive Markets Ahead, Say Analysts

ABP News  

The interest rate decision from the Reserve Bank of India, macroeconomic data, and global trends will influence the markets in the week, analysts noted. Further, the analysts stated that foreign investors’ trading activity, fluctuations in the currency movements, and the trend in the global oil benchmark, Brent crude, will also drive trading in the equity markets, reported PTI. Arvinder Singh …

RBI Governor Shaktikanta Das Meet Finance Minister Ahead Of MPC
9 months, 3 weeks ago

RBI Governor Shaktikanta Das Meet Finance Minister Ahead Of MPC

ABP News  

The Reserve Bank of India’s Governor Shaktikanta Das held a non-agenda courtesy meeting with Union Finance Minister Nirmala Sitharaman on Wednesday. In its previous policy announcement in February, the RBI projected a growth rate of 7 per cent and forecasted inflation to hover around 4.5 per cent for FY25. However, a recent RBI bulletin released on Tuesday highlighted that food …

Will RBI review its action against Paytm Payments Bank? Shaktikanta Das says…
11 months ago

Will RBI review its action against Paytm Payments Bank? Shaktikanta Das says…

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Monday made it clear that the central bank will not review its action against Paytm Payments Bank, while adding that the action was taken after a comprehensive assessment of the functioning of the lender. Reserve Bank of India Governor Shaktikanta Das ‘Committed to protect the interest of customers’: RBI governor The meeting …

RBI bomb threat mail: Mumbai Police arrests accused from Gujarat, detains two others for questioning
1 year ago

RBI bomb threat mail: Mumbai Police arrests accused from Gujarat, detains two others for questioning

India TV News  

The Mumbai Crime Branch arrested a person in connection with sending bomb threat mail to the Reserve Bank of India, HDFC Bank and ICICI Bank. In addition, the sender had also demanded the resignation of RBI Governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman. The scam involves RBI Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, some of the top …

RBI Monetary Policy Committee: Check the date, time, and where to watch here
1 year, 1 month ago

RBI Monetary Policy Committee: Check the date, time, and where to watch here

Live Mint  

The Reserve Bank of India's Monetary Policy Committee meeting is scheduled to run from December 6 to December 8, 2023. RBI MPC Meeting Schedule: After the MPC decision which starts around 10 am, RBI Governor Das will address a post-policy press conference at noon on December 8. RBI MPC Meeting Live Streaming Link: The central bank will live stream the …

RBI MPC Meet: Will the RBI hold interest rates but change its policy stance?
1 year, 1 month ago

RBI MPC Meet: Will the RBI hold interest rates but change its policy stance?

Live Mint  

The Reserve Bank of India's Monetary Policy Committee will begin its three-day huddle to decide on India's monetary policy on Wednesday, December 6, with the outcome due on December 8. The central bank is likely to keep policy rates unchanged keeping in mind the fact that retail inflation, despite moderation, is still above its 4 per cent target while the …

RBI MPC Meeting: India Poised To Become Growth Engine Of World, Says Governor Das — Presser Key Takeaways
1 year, 3 months ago

RBI MPC Meeting: India Poised To Become Growth Engine Of World, Says Governor Das — Presser Key Takeaways

ABP News  

India is poised to become the new growth engine of the world as domestic economic activity continues to be resilient, said RBI Governor Shaktikanta Das on Friday addressing post monetary policy press conference. RBI Governor Shaktikanta Das, as per ANI, said, "Domestic economic activity continues to be resilient. India is poised to become the new growth engine of the world.It's …

RBI Monetary Policy Today: Here’s what D-Street expects amid global headwinds
1 year, 3 months ago

RBI Monetary Policy Today: Here’s what D-Street expects amid global headwinds

Live Mint  

Reserve Bank of India Governor Shaktikanta Das will unveil its fourth monetary policy decision of fiscal 2023-24 today after a two-day review that began earlier this week. Majority of economists estimate that the RBI would keep its key repo rate unchanged at 6.50 per cent at the conclusion of the MPC meeting, with only a few expecting a 25 basis …

RBI Monetary Policy Committee Meet LIVE: When, Where & How to Watch Shaktikanta Das Address
1 year, 3 months ago

RBI Monetary Policy Committee Meet LIVE: When, Where & How to Watch Shaktikanta Das Address

News 18  

RBI MPC October 2023 Meeting: The meeting of the RBI’s Monetary Policy Committee, which started on Wednesday, will conclude today, and the decision will be announced by RBI Governor Shaktikanta Das. Here is How to Watch RBI Monetary Policy Decisions LIVE Today The Reserve Bank of India has put out a post on X to explain where and how to …

RBI likely to keep interest rate unchanged as inflation still high: Experts
1 year, 3 months ago

RBI likely to keep interest rate unchanged as inflation still high: Experts

India TV News  

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised …

RBI MPC Meeting: ‘Rate hike of 250 bps-point working its way,’ says Governor
1 year, 5 months ago

RBI MPC Meeting: ‘Rate hike of 250 bps-point working its way,’ says Governor

Live Mint  

RBI MPC meeting: The Reserve Bank of India Governor Shaktikanta Das on Thursday decided to keep policy rate unchanged for third time in a row during the bi-monthly monetary policy meeting. The RBI Governor said that the cumulative rate hike of 250 bps from FY23 is working its way through the economy. The RBI Governor said that the policy rates …

RBI monetary policy: Shaktikanta Das-led MPC keeps repo rate steady at 6.50%
1 year, 5 months ago

RBI monetary policy: Shaktikanta Das-led MPC keeps repo rate steady at 6.50%

Live Mint  

RBI monetary policy meeting: In a bid to keep the uptrend in micro and macro economic growth in India, Shaktikanta Das led monetary policy committee unanimously decided to keep the repo rate unchanged at 6.50 per cent for third straight meeting in a row. Announcing about the RBI policy committee meeting outcome, RBI Governor Shaktikanta Das said, “The monetary policy …

Centre will not let guard down on inflation: FM Nirmala Sitharaman in Mumbai
1 year, 7 months ago

Centre will not let guard down on inflation: FM Nirmala Sitharaman in Mumbai

Hindustan Times  

The Central government is monitoring price pressures and will not let the guard down on inflation, Union finance minister Nirmala Sitharaman said on Monday. Centre will not let guard down on inflation: FM Nirmala Sitharaman in Mumbai On the decision to withdraw of ₹2000 notes, Sitharaman refused to link it with the Central government, saying the Reserve Bank of India …

Indian markets are well regulated: Finance Minister Nirmala Sitharaman to Network18
1 year, 11 months ago

Indian markets are well regulated: Finance Minister Nirmala Sitharaman to Network18

Firstpost  

Finance Minister Nirmala Sitharaman said at least 50 per cent can shift to the income tax regime ‘who will now benefit from reduced rates’ New Delhi: India’s Finance Minister Nirmala Sitharaman on Friday said the India remains well governed with “stable government and well regulated financial market.” In an exclusive interview with Network18 Group Editor Rahul Joshi on Friday, the …

Budget 2023-2024: From revised tax slabs to savings scheme for women, Nirmala Sitharaman’s biggest announcements
1 year, 11 months ago

Budget 2023-2024: From revised tax slabs to savings scheme for women, Nirmala Sitharaman’s biggest announcements

Firstpost  

The last full Budget of the second term of the BJP-led NDA government saw the deposit limit for the Senior Citizens’ Savings Scheme raised from Rs 15 lakh to Rs 30 lakh, the highest-ever allocation for Indian Railways and the announcement of a next-generation common I-T form The 2023-2024 Budget has been announced – and with it some big announcements …

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You
1 year, 11 months ago

Budget 2023 Key Highlights: Are You Under New Tax Regime? Nirmala Sitharaman Has Good News for You

News 18  

Budget 2023 Highlights: Delivering on the expectations of the aam aadmi, Finance Minister Nirmala Sitharaman today announced Income Tax relief for the salaried class with an eye on the mega 2024 elections as well as several state battles as she delivered the Union Budget 2023 speech. She also announced changes in the tax slabs under the new tax regime, which …

The policymaker who made key choices along our reforms path
2 years ago

The policymaker who made key choices along our reforms path

Live Mint  

An authoritative, long-awaited account of India’s recent economic history is out that takes on critics of the 1991 reforms conclusively, and establishes Manmohan Singh as the chief agent of change to whom credit should go for the success that followed. “The task of the RBI was reduced to one of offsetting the impact of the expansionary fiscal policy… It was …

RBI sticks to fighting inflation with slower rate hike of 35 basis points
2 years, 1 month ago

RBI sticks to fighting inflation with slower rate hike of 35 basis points

Hindustan Times  

India’s central bank reiterated its resolve to fight inflation, while slowing the pace of increase in borrowing costs in a signal it’s nearing the peak rate. The Reserve Bank of India’s six-member Monetary Policy Committee voted 5-1 to raise the benchmark repurchase rate by 35 basis points to 6.25%, as predicted by 32 of 39 economists surveyed by Bloomberg. Although …

RBI Monetary Policy Governor Shaktikanta Das to announce MPC decision rate hike expected
2 years, 1 month ago

RBI Monetary Policy Governor Shaktikanta Das to announce MPC decision rate hike expected

ABP News  

The Reserve Bank of India’s Monetary Policy Committee, headed by Governor Shaktikanta Das, on Wednesday announced a 35 basis point hike in the repo rate to 6.25 per cent. In his speech, Das said that the RBI lowers economic growth projection to 6.8 per cent from earlier estimate of 7 per cent for current fiscal. CPI inflation forecast for April-June …

RBI schedules additional MPC meeting on 3 Nov
2 years, 2 months ago

RBI schedules additional MPC meeting on 3 Nov

Live Mint  

An additional meeting of the Reserve Bank of India's Monetary Policy Committee has been scheduled for 3 November. "Under the provisions of Section 45ZN of the Reserve Bank of India Act 1934, read along with the Gazette notifications S.O.2215 dated June 27, 2016 and S.O.1422 dated March 31, 2021 and the Regulation 7 of the RBI Monetary Policy Committee and …

Finance Minsister Nirmala Sitharaman buys vegetables from market, interacts with vendors in Chennai | Watch
2 years, 3 months ago

Finance Minsister Nirmala Sitharaman buys vegetables from market, interacts with vendors in Chennai | Watch

India TV News  

Union Finance Minister Nirmala Sitharaman took a break from her packed schedule in Chennai and was seen stopping at the Mylapore vegetable market in Chennai on Saturday. Image Source : @NSITHARAMANIndia's retail inflation rose to 7 percent in August from 6.71 percent in July and this was due to higher food prices. The Finance Minister's office shared the video of …

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 …

RBI MPC Review: Shaktikanta Das To Announce New Interest Rates Today? Know When & Where To Watch His Speech
2 years, 3 months ago

RBI MPC Review: Shaktikanta Das To Announce New Interest Rates Today? Know When & Where To Watch His Speech

ABP News  

New Delhi: Reserve Bank of India governor Shaktikanta Das is set to announce the decisions taken by the central bank during its Monetary Policy Committee meeting on Friday. In the last three monetary policy reviews since May this year, the RBI’s rate-setting panel has raised 140 basis points in total. Here is How to Watch RBI Monetary Policy Decisions LIVE …

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