Will take necessary measures to promote growth: RBI Governor
4 years, 3 months ago

Will take necessary measures to promote growth: RBI Governor

India TV News  

RBI Governor Shaktikanta Das on Wednesday assured the industry that the central bank will take all necessary measures to ensure liquidity in the system and promote economic growth. Addressing a virtual conference organised by industry body Ficci, Das said that Gross Domestic Product data released by the government was a "reflection of the ravages of the COVID-19". Observing that the economic recovery was not yet fully entrenched, the RBI Governor said recovery is likely to be gradual. As per government data, GDP during the April-June quarter contracted 23.9 per cent on account of the strict lockdown imposed by the government towards end of March to check the spread of coronavirus infections.

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History of this topic

New RBI governor Sanjay Malhotra says need to ensure stability, continuity in policy
1 week, 6 days ago

New RBI governor Sanjay Malhotra says need to ensure stability, continuity in policy

Live Mint  

Mumbai: The new Reserve Bank of India governor Sanjay Malhotra has started out by emphasizing the need to ensure stability and continuity in policy making, while remaining “alert and agile” amid the current global and political uncertainties. “All businesses, all people, they do need this continuity and stability rather than day-to-day kind of a policy,” Malhotra said at his first …

To-do list for RBI’s new boss
1 week, 6 days ago

To-do list for RBI’s new boss

Times of India  

It is as the world is weighing what Trumponomics will mean this time around, that Sanjay Malhotra becomes the 26th man to helm India’s central bank. A further context is how RBI’s role is evolving to meet its target to become the model central bank across the Global South. The new governor also takes charge as monetary policy across the …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

Shaktikanta Das lists out tasks for new RBI Governor
Trending News
2 weeks ago

Shaktikanta Das lists out tasks for new RBI Governor

Deccan Chronicle  

Mumbai: The outgoing Reserve Bank of India governor Shaktikanta Das on Tuesday said that “restoring inflation-growth balance” is the most important task ahead of the central bank. “So far as the Reserve Bank is concerned, I think restoring the inflation growth balance is the most important task ahead of the Reserve Bank, and I am sure the team RBI, under …

New RBI guv must keep macro picture in sight
2 weeks 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 …

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

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

India Has Navigated Global Turbulence With Resilience Says RBI Governor
1 month, 1 week ago

India Has Navigated Global Turbulence With Resilience Says RBI Governor

Deccan Chronicle  

Mumbai: Amid global headwinds and contradictions, the Indian economy is sailing through smoothly, powered by buffers like strong macroeconomic fundamentals, stable financial system and resilient external sector, said the Reserve Bank of India governor Shaktikanta Das on Thursday. Speaking on the theme Sailing Through Turbulence: India’s Tryst with Financial Stability at a media event, Das said, “India’s economic growth remains …

Land, labour, agri law reforms needed for growth: RBI Governor Shaktikanta Das
3 months, 2 weeks ago

Land, labour, agri law reforms needed for growth: RBI Governor Shaktikanta Das

New Indian Express  

MUMBAI: The Reserve Bank Governor Shaktikanta Das on Thursday said the country’s growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets. He also sounded sanguine about the economy growing at the projected 7.2% this fiscal and that the Q1 poor …

Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024
3 months, 2 weeks ago

Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024

The Hindu  

Reserve Bank Governor Shaktikanta Das on Thursday said the fundamental drivers of the Indian economy are gaining momentum and the country is moving on a sustainable growth path. "Our nation's journey towards becoming an advanced economy is drawing strength from a unique blend of factors, and these factors would include a young and a dynamic population, a resilient and diverse …

Positive on GDP growth, working to bring inflation under control: RBI Governor Shaktikanta Das
5 months, 4 weeks ago

Positive on GDP growth, working to bring inflation under control: RBI Governor Shaktikanta Das

Live Mint  

RBI Governor Shaktikanta Das, speaking at the 188th AGM of the Bombay Chamber of Commerce & Industry in Mumbai, said that India is on the verge of a significant structural shift in its growth trajectory and is confident that GDP growth will touch 7.2% in the ongoing financial year. Das further mentioned that India's GDP annual growth rate is moving …

On-target growth: 8% plus in 2023-24?
8 months, 3 weeks ago

On-target growth: 8% plus in 2023-24?

Live Mint  

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. Further, for …

RBI Governor Shaktikanta Das Meet Finance Minister Ahead Of MPC
9 months 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 …

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das
11 months, 1 week ago

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das

India TV News  

Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland. We expect the Indian economy to grow 7 per cent in fiscal 2024-25," said Das. …

What is good for another market need not be good for us: RBI Governor Shaktikanta Das
11 months, 1 week ago

What is good for another market need not be good for us: RBI Governor Shaktikanta Das

India TV News  

Reserve Bank of India Governor Shaktikanta Das said that the central bank will not follow other countries in regulating cryptocurrencies, emphasising that decisions taken in other markets may not necessarily be suitable for India. "What is good for another market need not be good for us. Therefore our views—both that of the Reserve Bank and personally that of mine—remain the …

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

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das
1 year, 1 month ago

Growth getting stronger foothold, inflation coming under control, says RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank Governor Shaktikanta Das on November 9 said economic growth in India is getting stronger foothold while inflation is also coming under control driven by the inherent dynamism and a prudent policy mix. Driven by its inherent dynamism and supported by a prudent policy mix, growth is getting stronger foothold while inflation is also coming under control," the governor …

RBI MPC Meeting: India Poised To Become Growth Engine Of World, Says Governor Das — Presser Key Takeaways
1 year, 2 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 …

Indian economy makes solid recovery despite global headwind: RBI Governor Das
1 year, 5 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, 5 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 …

Indian economy likely to grow at 6.5 per cent in coming decade, predicts CEA
1 year, 8 months ago

Indian economy likely to grow at 6.5 per cent in coming decade, predicts CEA

Live Mint  

Chief Economic Advisor V Anantha Nageswaran on Wednesday said that the Indian Economy is likely to grow at the rate of 6.5 per cent in the coming decade on the back of the turnaround in financial and investment cycle. "So, I think the restoration of the financial, credit and the investment cycle in the commercial sector and the real estate …

India's pragmatic response to pandemic-triggered crises ensured moderate inflation, high growth: Vaishnaw
1 year, 11 months ago

India's pragmatic response to pandemic-triggered crises ensured moderate inflation, high growth: Vaishnaw

The Hindu  

Union Minister Ashwini Vaishnaw on Wednesday said India took a very pragmatic approach in dealing with the humanitarian and economic crises triggered by the Covid-19 pandemic and that has ensured moderate inflation and high growth in the country. Speaking here at the World Economic Forum Annual Meeting 2023, the minister said India's economy has been resilient and the policy framework …

Explained | Is the economy driving with the brakes on?
1 year, 11 months ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

DC Edit | Promising signs in economy
2 years ago

DC Edit | Promising signs in economy

Deccan Chronicle  

The RBI governor Shaktikanta Das-led Monetary Policy Committee hiked the repo rate by 35 basis points to 6.25 per cent — the fifth straight increase in the current cycle since May 2022 — as it seeks to fight global uncertainty and uncomfortable levels of inflation. The RBI governor’s post-policy meeting comments hint that the central government remains focused on inflation, …

‘Global economy in eye of storm but India withstood shocks’: RBI governor Shaktikanta Das | Top quotes
2 years, 2 months ago

‘Global economy in eye of storm but India withstood shocks’: RBI governor Shaktikanta Das | Top quotes

Hindustan Times  

The Reserve Bank of India on Friday hiked the key lending rate – the repo rate – by 50 basis points to a 3-year-high of 5.9 per cent. Announcing the move, which was among several decisions taken during the RBI's Monetary Policy Committee meet earlier this month, with the announcements being made today, Das also said that in the next …

RBI MPC: Here's All What RBI Governor Shaktikanta Das Said On India's Economic Situation
2 years, 4 months ago

RBI MPC: Here's All What RBI Governor Shaktikanta Das Said On India's Economic Situation

News 18  

RBI Governor Shaktikanta Das on Friday said the central bank has retained its FY23 GDP forecast at 7.2 per cent and added that the Indian financial system remains resilient. Rural demand indicators, however, exhibited mixed signals – while two-wheeler sales increased, tractor sales contracted in June over a high base though.” He said investment activity is also picking up – …

RBI raises rates, vows nimble policy
2 years, 4 months ago

RBI raises rates, vows nimble policy

The Hindu  

With inflation remaining at ‘elevated levels’, the Monetary Policy Committee of the Reserve Bank of India unanimously decided to raise the policy repo rate by 50 basis points to 5.4%. Highlights of the RBI’s fourth monetary policy review of fiscal year 2022-23 Key short-term lending rate raised by 50 basis points to 5.4% In all, 140 bps hike in repo …

RBI to remain flexible while aiming to tame inflation: Governor Shaktikanta Das
2 years, 5 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 …

reserve bank of india 25th financial stability report
2 years, 5 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 …

Inflation expected to remain higher than RBI tolerance level till Dec, says Shaktikanta Das
2 years, 6 months ago

Inflation expected to remain higher than RBI tolerance level till Dec, says Shaktikanta Das

Firstpost  

The RBI governor said inflation is currently the biggest challenge confronting most economies in the world and the current surge is primarily because of global factors New Delhi: India’s headline inflation is expected to remain higher than the Reserve Bank of India upper tolerance level of six per cent till December 2022, RBI Governor Shaktikanta Das has said. “Until December, …

Govt mindful of inflation situation, says RBI Governor Das
2 years, 6 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 …

DC Edit | The growth story continues
2 years, 6 months ago

DC Edit | The growth story continues

Deccan Chronicle  

In spite of local lockdowns and the impact of Delta and Omicron variants of the coronavirus, the Indian economy has managed to grow by 8.7 per cent in the financial year 2021-22. In contrast, consumption — both private and government — trailed investment as the government’s focus has been on creating future assets while boosting economic growth. Faster growth in …

'Indian economy may recover from Covid consequences by...': Know what RBI says
2 years, 7 months ago

'Indian economy may recover from Covid consequences by...': Know what RBI says

India TV News  

Highlights The RBI released a report on currency and finance for the year 2021-22 RBI also claimed that the pandemic is a watershed moment for the economy. The RBI further noted in the report, the pre-COVID trend growth rate works out to 6.6 per cent The RBI released a report on currency and finance for the year 2021-22 on Friday …

Economy may take more than a decade to overcome COVID-19 losses: RBI report
2 years, 7 months ago

Economy may take more than a decade to overcome COVID-19 losses: RBI report

The Hindu  

The Indian economy may take more than a decade to overcome the losses caused by the outbreak of COVID-19 pandemic, according to Reserve Bank of India’s Report on Currency and Finance. Taking actual growth rate of 6.6% for 2020-21, 8.9% for 2021-22 and assuming growth rate of 7.2% for 2022-23 and 7.5% beyond that, India is expected to overcome COVID-19 …

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties
2 years, 8 months ago

RBI cuts FY23 growth forecast to 7.2% amid geopolitical uncertainties

Firstpost  

Earlier this year, the Economic Survey in January had projected a growth rate of 8-8.5 per cent for the current fiscal Mumbai: The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war. …

RBI lending rates remain the same, inflation projection raised
2 years, 8 months ago

RBI lending rates remain the same, inflation projection raised

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on April 8, based on an assessment of the macroeconomic situation and the outlook, voted unanimously to keep the policy repo rate unchanged at 4%. “The MPC also unanimously decided to remain accommodative while focussing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while …

India on cusp of major economic recovery; talks of stagflation overhyped: Niti Aayog VC Rajiv Kumar
2 years, 8 months ago

India on cusp of major economic recovery; talks of stagflation overhyped: Niti Aayog VC Rajiv Kumar

The Hindu  

India is on the cusp of a major economic recovery and talks of possible stagflation are “overhyped” as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on April 3. “Given all the reforms that we have done in the last seven …

India on cusp of major economic recovery: Niti Aayog VC
2 years, 8 months ago

India on cusp of major economic recovery: Niti Aayog VC

Hindustan Times  

India is on the cusp of a major economic recovery and talks of possible stagflation are "overhyped" as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday. "Given all the reforms that we have done in the last seven years, …

An already slowed Indian economy faces fresh risks
2 years, 9 months ago

An already slowed Indian economy faces fresh risks

Al Jazeera  

Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household spending and private investments, economists have said. The “surge in oil prices as a result of the crisis poses considerable risks to the Indian economy”, Aditi Gupta, an economist at Bank of Baroda, said …

India's GDP To Be Just 1% Above Pre-Pandemic Levels In FY22, Says RBI Deputy Governor Michael Patra
2 years, 10 months ago

India's GDP To Be Just 1% Above Pre-Pandemic Levels In FY22, Says RBI Deputy Governor Michael Patra

ABP News  

New Delhi: Even after the estimated 9.2 per cent growth in FY22, the gross domestic product of India will be just 1 per cent above the pre-pandemic levels, Reserve Bank of India’s Deputy Governor Michael Patra has said. Making it clear that India’s slide on growth began in 2017, much before the pandemic, this factor coupled with comfort on inflation …

RBI continues to mitigate COVID-19 impact on economy, ensure inflation remains within target, says Dy Governor
2 years, 10 months ago

RBI continues to mitigate COVID-19 impact on economy, ensure inflation remains within target, says Dy Governor

India TV News  

Highlights RBI remains committed to reviving and sustaining growth on a durable basis, said Dy Governor We are on course to becoming among the fastest-growing economies of the world: Michael D Patra RBI is continuously evaluating highly volatile and uncertain conditions: Dy Governor Michael D Patra Reserve Bank of India Deputy Governor Michael D Patra on Friday informed that RBI …

MSME margins badly hit by commodity price surge: PHDCCI
3 years, 1 month ago

MSME margins badly hit by commodity price surge: PHDCCI

The Hindu  

Industry chamber PHD Chamber of Commerce and Industry on Wednesday said skyrocketing commodity prices are severely impacting the price cost margins of businesses, especially MSMEs, observing that the RBI has a crucial role to play in balancing inflation and maintaining currency stability. The assertion is a part of the chamber's five suggestions outlining the focus areas for RBI Governor Shaktikanta …

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 …

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

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service
3 years, 3 months ago

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service

Firstpost  

In its August update to ‘Global Macro Outlook 2021-22’, Moody’s retained India’s growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022 New Delhi: Moody’s Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies …

India's economic activity picking pace, further upside to growth likely: Moody's
3 years, 3 months ago

India's economic activity picking pace, further upside to growth likely: Moody's

India TV News  

Moody's Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies around the world gradually reopen. In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 per cent and …

No monetary tightening in foreseeable future
3 years, 4 months ago

No monetary tightening in foreseeable future

Live Mint  

With resurgence in the Delta variant of Covid-19, concerns have resurfaced over the global economic outlook. Otherwise also, recent data for the US and China suggested a slowdown in the strong pace of global economic recovery alongside rising prices of many commodities and raw materials. Factoring in these concerns, the systemically important global central banks like the US Federal Reserve …

Economic Activity Recovering Since Late-May, Rising Cyber Attacks a Risk: RBI Guv
3 years, 5 months ago

Economic Activity Recovering Since Late-May, Rising Cyber Attacks a Risk: RBI Guv

News 18  

The second wave of the pandemic took a “grievous toll” on India, but the dented economic activity has started recovering from late-May, Reserve Bank Governor Shaktikanta Das said on Thursday. In a first, Das flagged the rising data breaches and cyber attacks as a risk facing the economy, along with others like firming global commodity prices. “The recovery that had …

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