Fiscal-monetary coordination at its best in last six years: RBI Governor Shaktikanta Das
1 week, 6 days 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, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank. Expressing gratitude to Finance Minister Nirmala Sitharaman for her constant support and backing, he said, fiscal-monetary coordination was at its best and helped to deal with multiple challenges during the last six years. Das was appointed the 25th RBI Governor in December 2018, after the sudden resignation of Urjit Patel amid a tussle between RBI and the government over the issue of surplus transfer and autonomy of the regulator.

Rbi Das Rbi Governor Last Six Years  shaktikanta  fiscalmonetary  best  thanked  governor  finance  x  rbi  coordination  urjit  transfer  minister  secretary  das

History of this topic

DC Edit | Will RBI tweak inflation focus?
1 week, 5 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 — …

New Challenges for New RBI Governor
1 week, 6 days 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 …

Shaktikanta Das lists out tasks for new RBI Governor
Trending News
1 week, 6 days 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 …

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings
Top News
1 week, 6 days ago

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings

Hindustan Times  

NEW DELHI: Achieving the right balance between inflation and growth, a key tradeoff for all economies, is “the most important task for the Reserve Bank of India ”, Shaktikanta Das, the outgoing governor of India’s central bank, said on Tuesday. The government on Dec 9 appointed revenue secretary Sanjay Malhotra as the new central bank governor, surprising markets, which expected …

India’s Departing Central Bank Governor Leaves a Lasting Legacy
1 week, 6 days ago

India’s Departing Central Bank Governor Leaves a Lasting Legacy

Live Mint  

-- As Shaktikanta Das finishes up his tenure as India’s central bank governor, handing over the reins to a career bureaucrat, many have praised his performance as a relative outsider who leaned on diplomacy to propel the world’s fastest-growing major economy to new heights. Though many expected the government to extend Das’s tenure — and tied the final choice of …

3 big challenges Sanjay Malhotra will face as RBI governor
1 week, 6 days ago

3 big challenges Sanjay Malhotra will face as RBI governor

Firstpost  

Revenue Secretary Sanjay Malhotra is all set to succeed Shaktikanta Das as the Reserve Bank of India governor. As Malhotra begins his three-year tenure begins tomorrow, a look at three big challenges that he will face as India’s central bank head Sanjay Malhotra will assume charge as the 26th governor of the Reserve Bank of India. Challenges before Sanjay Malhotra …

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’
1 week, 6 days 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.” …

From North Block to Mint Street: Sanjay Malhotra has his task cut out as RBI’s next governor
1 week, 6 days ago

From North Block to Mint Street: Sanjay Malhotra has his task cut out as RBI’s next governor

Live Mint  

On Monday, we finally got the news that every Indian with even a passing interest in the economy had been waiting for. Ending weeks of speculation over whether Shaktikanta Das would be given an extension of an already extended term, the government announced that revenue secretary Sanjay Malhotra will take over as the next governor of the Reserve Bank of …

Immensely grateful: Shaktikanta Das thanks PM Modi on last day as RBI Governor
1 week, 6 days 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 …

Shaktikanta Das: Six major policy decisions in six years as RBI Governor
1 week, 6 days ago

Shaktikanta Das: Six major policy decisions in six years as RBI Governor

India TV News  

Outgoing Reserve Bank of India Governor Shakti Kant Das has guided the country’s monetary policy through turbulent times during his six-year tenure. The central bank also announced a monetary policy including a Targeted Long-Term Repo Operations of Rs 1 lakh crore aimed at supporting critical sectors like MSMEs and NBFCs. Indian digital currency revolution Under Das’s leadership, India made significant …

One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra
Top News
1 week, 6 days 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 …

Who is Sanjay Malhotra? All you need to know about new RBI governor succeeding Shaktikanta Das
Top News
2 weeks ago

Who is Sanjay Malhotra? All you need to know about new RBI governor succeeding Shaktikanta Das

Live Mint  

Revenue Secretary Sanjay Malhotra was appointed as the next Governor of the Reserve Bank on Monday for a period of three years. He will take over the top post later this week — after the six-year term of Shaktikanta Das ends on December 10. However, growth slowed down to a seven-quarter low of 5.4 per cent in the July-September period …

New RBI Governor: Meet Sanjay Malhotra, IIT-Kanpur Grad Who Pursued Public Policy, Set To Replace Shaktikanta Das
2 weeks ago

New RBI Governor: Meet Sanjay Malhotra, IIT-Kanpur Grad Who Pursued Public Policy, Set To Replace Shaktikanta Das

ABP News  

The central government announced on Monday the appointment of revenue secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India, replacing Shaktikanta Das with a three-year term starting from December 11, 2024. Das, who was appointed as the 25th RBI Governor on December 12, 2018, took office following Urjit Patel's sudden resignation. Before being appointed RBI Governor, …

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

Who is Sanjay Malhotra? Newly appointed RBI Governor replaces Shaktikanta Das
2 weeks ago

Who is Sanjay Malhotra? Newly appointed RBI Governor replaces Shaktikanta Das

India TV News  

Sanjay Malhotra was appointed as the Governor of the Reserve Bank of India on Monday, the Appointments Committee of the Cabinet in a statement informed. Malhotra a 1990 batch Indian Administrative Service officer from the Rajasthan cadre, will assume office from December 11, for the next three years, the RBI said in a statement. Revenue Secretary Malhotra will replace Shaktikanta …

RBI Governor Shaktikanta Das Meets FM Sitharaman Days Before Tenure Expiry: Report
2 weeks, 1 day 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 meeting: Will governor Shaktikanta Das announce a rate cut? What to expect?
2 weeks, 3 days 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 …

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

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

Live Mint  

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

RBI Governor Shaktikanta Das' term likely to be extended further
1 month ago

RBI Governor Shaktikanta Das' term likely to be extended further

Deccan Chronicle  

The Centre is likely to extend the term of RBI governor Shaktikanta Das for a second time, three sources with direct knowledge of the matter told Reuters, an unprecedented move that would make him the longest serving chief since the 1960s.Das was one of the most trusted bureaucrats in Prime Minister Narendra Modi's administration before he was appointed to lead …

Shaktikanta Das' tenure as RBI governor likely to be extended: Report
1 month ago

Shaktikanta Das' tenure as RBI governor likely to be extended: Report

India Today  

The government is planning to extend the tenure of Reserve Bank of India Governor Shaktikanta Das for a second time, reported news agency Reuters. Shaktikanta Das, who has been heading the RBI since December 2018, has already surpassed the typical five-year term seen in recent decades. Shaktikanta Das, a seasoned bureaucrat, was appointed as RBI governor during a period of …

RBI governor Shaktikanta Das's term likely to be extended further: Report
1 month ago

RBI governor Shaktikanta Das's term likely to be extended further: Report

Hindustan Times  

The central government is likely to extend the term of RBI governor Shaktikanta Das, news agency Reuters reported, quoting sources aware of the development. Reuters said the Finance Ministry, the Prime Minister's Office, and the central bank did not immediately respond to emails seeking comment. Das has also served as India’s Alternate Governor in the World Bank, Asian Development Bank, …

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 …

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 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 …

No Plan To Replace Mahatma Gandhi On Indian Currency And Bank Notes, Clarifies RBI
2 years, 6 months ago

No Plan To Replace Mahatma Gandhi On Indian Currency And Bank Notes, Clarifies RBI

ABP News  

The Reserve Bank of India on Monday clarified that reports doing the rounds in certain sections of the media about the central bank considering changes to the existing currency and banknotes by replacing the face of Mahatma Gandhi with that of others is not true. According to the latest circular on Monday, the central bank said that there are reports …

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 …

Shantikanta Das gets three year extension, will continue as RBI governor till December 2024
3 years, 1 month ago

Shantikanta Das gets three year extension, will continue as RBI governor till December 2024

Firstpost  

The former IAS officer is the first governor to get an extension under the Narendra Modi government The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years up to December 2024, according to an official order. An official order dated 28 October said the government has reappointed Das as the governor of …

Govt extends RBI governor Shaktikanta Das' term for another 3 years
3 years, 1 month ago

Govt extends RBI governor Shaktikanta Das' term for another 3 years

India TV News  

The Centre on Friday extended the tenure of Reserve Bank of India Shaktikanta Das for a period of three years. "The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das as Reserve Bank of India Governor for a period of three years beyond 10.12.2021 or until further orders, whichever is earlier," reads an official statement. Shaktikanta Das …

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