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Budget 2023Budget 2023

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shaktikanta das

Shaktikanta Das is a retired 1980 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre, who is currently serving as the 25th Governor of the Reserve Bank of India (RBI). He was appointed the Governor of the central bank in December 2018. His tenure was recently increased by three years “beyond 10.12.2021 or until further orders” by the Appointments Committee of the Cabinet. In his capacity as the RBI Governor, Das has played an important role in steering the country through the economic crisis that befell after the outbreak of the coronavirus pandemic. Several measures were announced by the RBI under his guidance to help the country regain its financial stability and stay afloat through the global health crisis. While serving as an IAS officer, Shaktikanta Das had worked for both the Government of India and the Tamil Nadu government in various capacities, such as, the Economic Affairs Secretary, the Revenue Secretary, and Fertilizers Secretary. He had also served as India’s Alternate Governor in the World Bank, ADB, NDB, and AIIB. He had also served as a member of the Fifteenth Finance Commission of India. Additionally, the RBI Governor has represented India in various international forums such as the International Monetary Fund, G20, BRICS, SAARC, etc. More

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  • India central bank governor says current account deficit manageable Jan 27, 2023 03:40 PM IST

    India central bank governor says current account deficit manageable

    India's average current account deficit stands at 3.3% of GDP for the first six months of 2022/23.

  • RBI Governor Shaktikanta Das says India's CAD 'eminently manageable' Jan 27, 2023 02:11 PM IST

    RBI Governor Shaktikanta Das says India's CAD 'eminently manageable'

    RBI Governor Shaktikanta Das said core inflation remains sticky even though headline numbers softened in the months of November and December.

  • Budget 2023: Expect some tighter regulations for the crypto sector, experts say Jan 16, 2023 07:00 PM IST

    Budget 2023: Expect some tighter regulations for the crypto sector, experts say

    Budget 2023: After RBI Governor Shaktikanta Das again highlighted the regulatory and fundamental problems with cryptocurrencies, experts now expect additional regulatory measures for the sector in the Union Budget

  • RBI Governor Shaktikanta Das says no need to revisit 4% inflation target Jan 13, 2023 06:34 PM IST

    RBI Governor Shaktikanta Das says no need to revisit 4% inflation target

    Under the rule, the Monetary policy committee (MPC) needs to keep inflation in a 2% to 6% band with a target on 4%.

  • Inflation control key policy priority for South Asia, says RBI Governor Shaktikanta Das Jan 06, 2023 11:30 AM IST

    Inflation control key policy priority for South Asia, says RBI Governor Shaktikanta Das

    Das was speaking at the launch of a book by the International Monetary Fund on South Asia.

  • RBI Financial Stability Report: Crypto tokens failed to prove inflation-hedging benefits Dec 29, 2022 07:21 PM IST

    RBI Financial Stability Report: Crypto tokens failed to prove inflation-hedging benefits

    To avoid spillovers of crypto volatility and its systemic failures into formal financial system, there needs to be a common global approach, the report said. Under India’s G20 presidency, working on a global crypto framework will remain one of the priorities.

  • Rising currency is an “absurd outcome” for a country that is running current account deficit: Montek Singh Ahluwalia Dec 29, 2022 02:23 PM IST

    Rising currency is an “absurd outcome” for a country that is running current account deficit: Montek Singh Ahluwalia

    The former planning commission deputy chairman says a rising currency is an “absurd outcome” for a country that is running a current account deficit.

  • A New Year of dissent awaits the RBI’s monetary policy committee Dec 26, 2022 08:40 AM IST

    A New Year of dissent awaits the RBI’s monetary policy committee

    Divergences and dissent emerge during periods of economic recovery as emerging data is conflicting

  • MPC Minutes: Premature pause in rate hikes a costly error at this juncture, says RBI Governor Dec 21, 2022 05:36 PM IST

    MPC Minutes: Premature pause in rate hikes a costly error at this juncture, says RBI Governor

    The MPC hiked the repo rate by 35 bps in the meeting taking the policy repo rate to 6.25 percent to fight persistently high inflation.

  • RBI Governor Das on 'history major' taunt: Was Messi also a post-graduate in history? Dec 21, 2022 03:25 PM IST

    RBI Governor Das on 'history major' taunt: Was Messi also a post-graduate in history?

    An interviewer anchoring a fireside chat at a summit organised by Business Standard compared his position to an opponent facing Messi at a football arena in Qatar, to which Das replied with wit.

  • Coordinated approach between govt and RBI on price rise; govt equally serious about taming inflation: Shaktikanta Das Dec 21, 2022 02:13 PM IST

    Coordinated approach between govt and RBI on price rise; govt equally serious about taming inflation: Shaktikanta Das

    Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the government is "equally serious" about taming inflation.

  • Underlying economic activity continues to be strong, but external sector to dent growth: Shaktikanta Das Dec 21, 2022 12:20 PM IST

    Underlying economic activity continues to be strong, but external sector to dent growth: Shaktikanta Das

    Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box".

  • IBC should not be seen as a recovery mechanism, says RBI governor Dec 21, 2022 11:50 AM IST

    IBC should not be seen as a recovery mechanism, says RBI governor

    IBC was introduced in 2016 to fast-track the resolution of banks' non-performing assets

  • RBI governor Shaktikanta Das says next financial crisis will come from private cryptocurrencies Dec 21, 2022 11:29 AM IST

    RBI governor Shaktikanta Das says next financial crisis will come from private cryptocurrencies

    Reserve Bank of India governor Shaktikanta Das also added that cryptocurrencies have no underlying value and pose risks for macroeconomic and financial stability.

  • Banking Central | The big challenges for RBI’s Shaktikanta Das in 2023 Dec 19, 2022 12:50 PM IST

    Banking Central | The big challenges for RBI’s Shaktikanta Das in 2023

    The biggest and most damning enemy of the central bank remains inflation in 2023. Crypto regulations are next.

  • RBI's central board reviews economic situation Dec 16, 2022 06:21 PM IST

    RBI's central board reviews economic situation

    The 599th meeting of the Central Board of Directors of Reserve Bank of India (RBI) took place in Kolkata under the chairmanship of Governor Shaktikanta Das

  • RBI Governor meets with fintechs, agritechs and their industry associations Dec 14, 2022 04:13 PM IST

    RBI Governor meets with fintechs, agritechs and their industry associations

    In the meeting, RBI Governor Shaktikanta Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks.

  • Arvind Panagariya is not worried about India's inflation rate. Here's why Dec 13, 2022 12:54 PM IST

    Arvind Panagariya is not worried about India's inflation rate. Here's why

    "The RBI should seriously think whether it wants to continue on its current path, because when you raise interest rates they get transmitted to borrowers rather easily. But when you reduce them the transmission takes longer. We ought to bear that in mind," the former Vice-Chairman of Niti Aayog said.

  • Das Unplugged: Why press meets by the incumbent RBI governor are like no other Dec 09, 2022 02:43 PM IST

    Das Unplugged: Why press meets by the incumbent RBI governor are like no other

    The press conferences by RBI governor Shaktikanta Das are in stark contrast with those of his predecessors. Those were dull affairs. Das loves to take questions.

  • RBI Governor Q&A | Here’s what Shaktikanta Das said on future rate hikes, CBDC and GDP growth Dec 07, 2022 08:48 PM IST

    RBI Governor Q&A | Here’s what Shaktikanta Das said on future rate hikes, CBDC and GDP growth

    The RBI has been acting aggressively to tackle a persistently high inflation and has so far refused to lower the guard on price stability

  • Moneycontrol Selects: Top stories this evening Dec 07, 2022 06:58 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • How is e-rupee different from UPI? | Five takeaways from the RBI governor’s press conference Dec 07, 2022 05:13 PM IST

    How is e-rupee different from UPI? | Five takeaways from the RBI governor’s press conference

    Since the launch of the pilot programe of the retail central bank digital currency, there has been some confusion about where the digital currency and UPI fit.

  • How e-rupee is different from UPI, RBI Governor explains Dec 07, 2022 03:06 PM IST

    How e-rupee is different from UPI, RBI Governor explains

    RBI Deputy Governor T Rabi Sankar separately explained that retail CBDC can have multiple use cases and its evolution will depend on how the Indian startup and fintech ecosystem innovates

  • RBI Policy | UPI to allow blocking funds for multiple auto-debits, BBPS expanded to non-recurring payments Dec 07, 2022 01:05 PM IST

    RBI Policy | UPI to allow blocking funds for multiple auto-debits, BBPS expanded to non-recurring payments

    UPI currently includes functionality to process payment mandates for recurring as well as single-block-and-single-debit transactions. The new facility will enable a customer to block funds in his/her account for specific purposes, which can be debited whenever needed.

  • Here's what RBI Governor Shaktikanta Das announced at the MPC briefing Dec 07, 2022 01:05 PM IST

    Here's what RBI Governor Shaktikanta Das announced at the MPC briefing

    RBI Governor Shaktikanta Das on December 7 announced that five out of six members of the MPC opted to go for a hike in the rate during the meeting.