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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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  • Negative real rates, above-target inflation are matters of concern: Shaktikanta Das Aug 05, 2022 07:55 PM IST

    Negative real rates, above-target inflation are matters of concern: Shaktikanta Das

    Also, how the central bank governor perceives the impact of rate hikes on demand, outlook on liquidity management, and more

  • Unacceptably high inflation led to 50 bps rate hike; expect measured policy moves from now: Shaktikanta Das Aug 05, 2022 06:14 PM IST

    Unacceptably high inflation led to 50 bps rate hike; expect measured policy moves from now: Shaktikanta Das

    Stating that there are signs that headline inflation, which has breached the 6 per cent upper threshold set for the RBI for six consecutive months, has peaked, Das on Friday said policy moves from here on will be ”calibrated, measured and nimble” and will depend on unfolding dynamics.

  • Bharat Bill Payment System to accept cross-border inward payments: Central bank boss Aug 05, 2022 12:04 PM IST

    Bharat Bill Payment System to accept cross-border inward payments: Central bank boss

    "This step is not only going to make payments simpler for NRIs and ease things for their parents living in India, but is also a way to deepen the cross-border payment ecosystem for India," said Vivek Iyer, partner, financial services, risk, Grant Thornton Bharat.

  • RBI policy: Time to take the foot off the pedal? Aug 02, 2022 09:00 AM IST

    RBI policy: Time to take the foot off the pedal?

    When it comes to inflation, it’s not just the price of the money that matters but also the amount of the money. Amongst other things, this abundance of local and global liquidity may partly explain the prevailing rich asset valuations and stubborn global inflation, even in the face of a recessionary environment 

  • Rupee depreciation slows on RBI cues, dollar pullback; but pain not over, say experts Jul 27, 2022 06:11 PM IST

    Rupee depreciation slows on RBI cues, dollar pullback; but pain not over, say experts

    The rupee breached the psychologically important level of 80 per dollar for the first time on July 19 and hit a lifetime low of 80.06. Since then, the currency has appreciated and now stands at 79.90 per dollar

  • RBI releases discussion paper to combat climate-change risks Jul 27, 2022 04:26 PM IST

    RBI releases discussion paper to combat climate-change risks

    The guidelines revolve around appropriate governance, strategy to address climate change risks and risk-management structure to help regulated entities deal with the problem effectively

  • Hit to growth in fight against inflation has to be manageable, says Governor Das Jul 22, 2022 01:26 PM IST

    Hit to growth in fight against inflation has to be manageable, says Governor Das

    According to the RBI governor, India had reached a soft landing until Russia invaded Ukraine in late February and created a new set of challenges

  • India's forex reserves plunge by $8 billion in week ended July 8, fall to over 15-month low Jul 15, 2022 05:34 PM IST

    India's forex reserves plunge by $8 billion in week ended July 8, fall to over 15-month low

    The rupee has been on a weakening spree for quite some time, with heightened global recession risks, high-risk aversion and persistent foreign outflows

  • Monetary policy won’t sacrifice growth too much in fight against inflation, says RBI Jul 12, 2022 09:09 PM IST

    Monetary policy won’t sacrifice growth too much in fight against inflation, says RBI

    India’s government has projected the economy to expand as much as 8.5% in the year to March 2023, while the central bank sees growth at 7.2% during the same period.

  • RBI Governor says will ensure orderly movement in rupee Jul 12, 2022 06:21 PM IST

    RBI Governor says will ensure orderly movement in rupee

    The rupee’s tumble to a succession of record lows is sparking fears of a deeper sell-off and pitting the central bank against analysts and strategists who are predicting further losses.

  • RBI governor asks states to practise prudent borrowing, better cash management Jul 07, 2022 08:06 PM IST

    RBI governor asks states to practise prudent borrowing, better cash management

    States are expected to borrow Rs 2.12 lakh crore via bonds in July-September, according to an indicative calendar released by the RBI on July 2.

  • India should aim at regularity, better validation of data, says RBI Governor Shaktikanta Das Jun 29, 2022 05:00 PM IST

    India should aim at regularity, better validation of data, says RBI Governor Shaktikanta Das

    It is important that peculiarities and nonconformities of data are subjected to robust statistical analysis and peer review before deriving conclusions, Das said

  • RBI well on track to bringing down inflation, says Governor Shaktikanta Das Jun 24, 2022 02:25 PM IST

    RBI well on track to bringing down inflation, says Governor Shaktikanta Das

    The RBI’s analysis shows that consumer inflation exceeding 6 percent is negative for growth, the governor said.

  • India inflation likely to exceed top of RBI band until December, says Governor Shaktikanta Das Jun 24, 2022 10:48 AM IST

    India inflation likely to exceed top of RBI band until December, says Governor Shaktikanta Das

    "We are well on track to bring down inflation and inflation expectations. Until December, CPI is expected to remain higher than the upper tolerance level. Thereafter, it is expected to go below 6% as per our current projections," Shaktikanta Das said.

  • RBI's freeze on PPI-led lending: Industry bodies to write to RBI, Govt on their stance on supporting innovation Jun 22, 2022 05:52 PM IST

    RBI's freeze on PPI-led lending: Industry bodies to write to RBI, Govt on their stance on supporting innovation

    The representations will seek further clarity to assess the impact of RBI’s notice on lending through PPIs.

  • RBI committed to bringing inflation within target, MPC meeting minutes show Jun 22, 2022 05:11 PM IST

    RBI committed to bringing inflation within target, MPC meeting minutes show

    The MPC had raised the repo rate by 50 basis points on June 8 after a 40-basis point hike in an off-cycle policy meeting in May to combat soaring inflation

  • Suggestions on digital-only banks came with risks, RBI has no proposal on that: Governor Das Jun 17, 2022 04:07 PM IST

    Suggestions on digital-only banks came with risks, RBI has no proposal on that: Governor Das

    In November, the Niti Aayog had suggested a three-step process for neo-banking platforms to finally acquire a full-stack digital banking licence and says that these entities can eventually be allowed to offer lending, deposits and other banking services to medium, small and micro enterprises (MSMEs)

  • Entry of big fintech firms in financial services poses systemic risks, says RBI Governor Jun 17, 2022 01:44 PM IST

    Entry of big fintech firms in financial services poses systemic risks, says RBI Governor

    The big fintechs also pose risks related to competition, data protection, data sharing and operational resilience of critical services in situations where banks and non-banking finance companies utilise the services of big tech companies, the governor said

  • RBI to roll out digital lending norms soon, says Governor Shaktikanta Das Jun 17, 2022 12:54 PM IST

    RBI to roll out digital lending norms soon, says Governor Shaktikanta Das

    The RBI had set up a working group in January 2021 to study issues surrounding digital lending apps and suggest regulations. The group was set up as concerns arose over business conduct and customer protection amid a spurt in digital lending.

  • RBI watchful of inflation dynamics, will respond appropriately, says Governor Shaktikanta Das Jun 17, 2022 12:20 PM IST

    RBI watchful of inflation dynamics, will respond appropriately, says Governor Shaktikanta Das

    Retail inflation in India came in at 7.04 percent in May, easing from a near-eight-year high of 7.79 percent in April. Retail inflation has now been above the RBI's medium-term target of 4 percent for 32 consecutive months

  • RBI not behind the curve in raising interest rates, says Guv Shaktikanta Das Jun 17, 2022 12:02 PM IST

    RBI not behind the curve in raising interest rates, says Guv Shaktikanta Das

    The monetary policy committee’s decision to tolerate higher inflation was one of the factors that contributed to the revival of economy, the central bank governor said.

  • Ashneer Grover weighs in on linking credit card with UPI. 'Great move by RBI but...' Jun 12, 2022 12:10 PM IST

    Ashneer Grover weighs in on linking credit card with UPI. 'Great move by RBI but...'

    Ashneer Grover echoed sentiments regarding merchant discount rate (MDR). "Merchants will not pay MDR," the Shark Tank India judge and former BharatPe co-founder said.

  • Banks upbeat on credit card- UPI linkage, await clarity on MDR charges Jun 10, 2022 06:44 PM IST

    Banks upbeat on credit card- UPI linkage, await clarity on MDR charges

    To boost online transactions in the economy, the Reserve Bank of India has allowed banks to link credit cards with the Unified Payment Interface.

  • Businesses should avoid aggressive short-term reward-seeking culture: RBI Governor Shaktikanta Das Jun 09, 2022 02:21 PM IST

    Businesses should avoid aggressive short-term reward-seeking culture: RBI Governor Shaktikanta Das

    Shaktikanta Das said doing business involves risk taking. But before taking the risk, the upside and downside will have to be carefully considered.

  • Shaktikanta Das Q&A| RBI’s endeavour is to bring inflation closer to 4 percent Jun 08, 2022 08:13 PM IST

    Shaktikanta Das Q&A| RBI’s endeavour is to bring inflation closer to 4 percent

    Also, how the central bank governor perceives India’s economic growth, his outlook on liquidity management, and more

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