RBI@90, and what Prime Minister Modi had to say
8 months, 3 weeks 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 special coin on the occasion of RBI’s 90th anniversary, in the presence of finance minister Nirmala Sitharaman, RBI governor Shaktikanta Das, and several other ministers and industry leaders. “Bank credit growth has touched 15% and RBI has played a major role in all of these positive changes," said Modi. Monday’s event saw industry heavyweights Reliance Industries CMD Mukesh Ambani, Mahindra Group chairman Anand Mahindra, Kotak Mahindra Bank’a Uday Kotak, and former HDFC Ltd chairman Deepak Parekh, present.

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New RBI guv must keep macro picture in sight
1 week, 6 days 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 …

RBI 90 Years: PM Narendra Modi on Indian banking system, UPI success, taking Indian Rupee global & more
8 months, 3 weeks 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
8 months, 3 weeks 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 …

Indian Economy under PM Modi has witnessed profound transformation: FM Nirmala Sitharaman gives govt’s report card
10 months, 3 weeks ago

Indian Economy under PM Modi has witnessed profound transformation: FM Nirmala Sitharaman gives govt’s report card

Op India  

The Indian economy under Prime Minister Narendra Modi has witnessed a profound transformation in the last 10 years when the government took several pro-people reforms that were structural, Union Finance Minister Nirmala Sitharaman said on Thursday, as she rose to present the interim Budget for 2024-25. “In 2014, the country was facing enormous challenges, the government overcame those challenges and …

India’s GDP reflects strong economy and reforms: PM Modi. Top 10 Updates
1 year ago

India’s GDP reflects strong economy and reforms: PM Modi. Top 10 Updates

Live Mint  

Prime Minister Narendra Modi hailed India's robust economic growth, speaking at the 'Infinity Forum 2.0' conference at GIFT City via video link, he emphasised the pivotal role of transformative reforms conducted over the past decade in fostering this progress. Modi hailed India's growth, citing a GDP surge of 7.7 percent in the initial half of the fiscal year as evidence …

PM Modi focused on unorganised sector to push growth: Union MoS
1 year, 6 months ago

PM Modi focused on unorganised sector to push growth: Union MoS

Hindustan Times  

Hailing the nine years of prime minister Narendra Modi-led government, Union minister of state for foreign affairs and culture Meenakshi Lekhi said the Modi government’s policies have pushed India on the path of growth. Within four months of coming to power, the prime minister ensured 53 crore more bank accounts were opened, out of which 48 crore were ‘Jan Dhan’ …

The Economist praises Modi govt for revitalising Indian banking sector
1 year, 7 months ago

The Economist praises Modi govt for revitalising Indian banking sector

Op India  

On Thursday, the British weekly newspaper The Economist praised the Modi government for reviving the banking sector in India and turning around its profitability. In a development few, if any, predicted, Indian banks are among the world’s most profitable.” The Economist noted that the bankruptcy reforms introduced by the Narendra Modi government in 2016 helped in the rapid liquidation of …

ATM For Coins To Soon Become Reality? What We Know About RBI's Next Move
1 year, 10 months ago

ATM For Coins To Soon Become Reality? What We Know About RBI's Next Move

News 18  

The Reserve Bank Of India will launch a QR-based coin vending machine on a pilot basis. The decision was taken on February 8 when RBI Governor Shaktikanta Das announced 2023’s first Monetary Policy Committee. “The global economic outlook doesn’t look as grim now as it did a few months ago, growth prospects in major economies have improved while inflation is …

PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet
3 years, 1 month ago

PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet

India TV News  

Prime Minister Narendra Modi on Thursday exhorted banks to support wealth and job creators, and work proactively to improve the country's balance sheet. Addressing bankers at the symposium to Build Synergy for Seamless Credit Flow and Economic Growth, Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being …

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