RBI Governor News
’Hype Around Indian Economy’: What Did Raghuram Rajan REALLY Say About India’s Growth Story?
Raghuram Rajan’s recent comments on the Indian economy have set off a big debate. For one, he said that India believing in the HYPE around its strong economic growth would be the greatest mistake. The former RBI governor thinks there are significant structure problems that need to be fixed for India to actually meet its potential. Second, he dismissed PM Modi’s ambition to make India a developed country by 2047 - which is one of the BJP’s key poll pitches. So, ahead of elections, Dr Rajan’s comments have gained a lot of traction. Here’s what exactly he said and how people have reacted to it
30 Mar 2024RBI Tells Banks To Stop Relying On OTPs For Authentication Amid Rising Scams & Frauds
During his latest monetary policy address, RBI governor Shaktikanta Das said that the regulator wants banks and fintechs to come up with authentication mechanisms other than SMS-linked OTPs. This in view of the rising number of cyber scams and OTP-linked frauds. But what are some of the other ways in which authentication can be done? Watch
13 Feb 2024’Two-Third Of ₹2000 Notes Back, No Negative Impact…’: RBI | Details
The withdrawal of the ₹2000 currency note, announced on May 19th by the Reserve Bank of India, will not have any negative impact on the economy said the RBI governor in the June monetary policy review. Das also said that more than two-thirds of the total currency notes in circulation have returned to the system. According to RBI, ’more than two-thirds of Rs2.41 lakh crore bank notes worth of the ₹3.62 lakh crore as of March 31, 2023 of the now-recalled 2000 banknotes have come back to the system as of mid-last week’.
26 Jun 2023Raghuram Rajan Doesn’t ‘Care About India Being A Superpower…’; Slammed By Netizens | In Focus
Controversy follows Raghuram Rajan. This time, he is being slammed on social media for saying he doesn’t care about India being a superpower. Rajan was speaking Newslaundry’s Abhinandan Sikhri at an event in UK. Rajan’s statement, in which he questioned the notion of India becoming a superpower, has sparked a heated debate on social media. Rajan was responding to a query from the audience about his potential role as the country’s finance minister or prime minister in the coming decade. In response, Rajan said he doesn’t care about India attaining superpower status. He said, his focus lies on fulfilling Mahatma Gandhi’s dream - of ensuring happiness for every Indian.
19 Jun 2023’Manipulative’: Modi Minister Rebuts Raghuram Rajan on PLI Scheme | Details
Known Modi government critique Raghuram Rajan is someone the BJP government feels compelled to respond to. Recently, Rajan wrote a paper criticising Modi government’s PLI scheme. This time, Electronics & IT minister Rajeev Chandrasekhar deicded to rebut Rajan’s criticism in a point-by-point fashion through a LinkedIn post. The minister dismissed Rajan’s analysis of the PLI sceheme, he said, that Rajan used false figures, questionable analysis, and advice of unidentified ’industry experts’ for his research paper.
16 Jun 2023’We have not exhausted our ammunition yet,’ assures RBI Guv Das
We have not exhausted our ammunition, whether on rate cuts or other policy actions: RBI chief DasExtreme risk aversion can be self-defeating, banks will not be able to win their bread: Guv Das
1 min read27 Aug 2020RBI Inflation likely to be elevated in second quarter: RBI Governor
Supply chain disruptions persist, resulting in inflation pressures across segments, said RBI Governor Shaktikanta Das
1 min read6 Aug 2020RBI governor Shaktikanta Das hints at another rate cut with fiscal restraint praise for government
Shaktikanta Das said fiscal consolidation is very positive because it gives more space for private sector borrowingShaktikanta Das termed the budget proposal to infuse ₹70,000 crore of capital into state-run banks a positive development
3 min read8 Jul 2019RBI union moots collegium to select governors, deputy governors
As per the Section 8 of the Reserve Bank of India Act of 1934, the governor and deputy governors are appointed by the governmentThe central bank’s employees association has called for a collegium of experts to select new governor and deputy governors
1 min read25 Jun 2019Once a fiscal hawk, Shaktikanta Das turns a dove at RBI
On Thursday, Das was with the majority (4-2) in the monetary policy committee, voting for a 25bps rate cutIn his first speech at Vibrant Gujarat Summit, Das emphasized on the need to balance between growth and inflation objectives
2 min read7 Feb 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared