As per an official notification, Malhotra will serve as the RBI Governor for a period of three years starting December 11, 2024.
India is only looking to de-risk domestic trade from geo-political upheavals, dependence on one currency can be problematic, Shaktikanta Das has said
The central bank on August 10 kept the repo rate unchanged at 6.5 percent
Speaking at a Business Today event this evening here, Das reiterated the need for an outright ban on cryptos saying though those supporting it call it an asset or a financial product, there is no underlying value in it not even a tulip (alluding to the Dutch tulip mania blow-up in the early part of the past century).
Speaking at an event organised by the International Monetary Fund (IMF), he said rising levels of debt, alongside sustained price pressures, pose risks to the region's economic growth and both must be contained.
The partially convertible rupee has so far depreciated more than 7% against the U.S. dollar, but Das said the depreciation was less than in other currencies.
The advertising revenues of mass media like television and newspapers were hit mainly on account of economic slowdown and depreciation in the rupee, affecting the fortunes of print, cable and DTH companies.
In its complaints before Chief Metropolitan Magistrate Vidya Prakash, TRAI said cable operators were violating its regulations concerning implementation of Digital Addressable Cable TV System (DAS), for which a set-top box is to be attached with television set of the subscriber.