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Shaktikanta Das

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits...

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

RBI Governor Shaktikanta Das advocates digital banking amid coronavirus outbreak

RBI Governor Shaktikanta Das advocates digital banking amid coron...

Mon, Mar 30, 2020

Reserve Bank of India (RBI) Governor Shaktikanta Das, in a video message to the Indian citizens, advocated the digital mode of payment as part of social distancing as the coronavirus positive cases in India continued to rise on Sunday.

What do RBI announcements mean for common man, Indian economy amid coronavirus lockdown

What do RBI announcements mean for common man, Indian economy ami...

Fri, Mar 27, 2020

The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the Covid-19 outbreak. The Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.

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Rating agencies several notches behind India's reality: Das

Rating agencies several notches behind India's reality: Das

Sun, Feb 05, 2017

Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.

Bill to address bankruptcy in financial sector this session: Das

Bill to address bankruptcy in financial sector this session: Das

Sat, Feb 04, 2017

In order to address the bankruptcy issue in the financial sector, government is likely to introduce a Bill for resolution of insolvent financial firms during the current session of Parliament.

Economy to grow more than 7% next fiscal: Das

Economy to grow more than 7% next fiscal: Das

Sat, Feb 04, 2017

Drawing on Finance Minister Arun Jaitley's statements, the secretary said there will be transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.

Government approves 6 FDI proposals worth Rs 1200 crore

Government approves 6 FDI proposals worth Rs 1200 crore

Thu, Jan 19, 2017

Out of 17, six proposals were deferred.

Don't be flippant with Indian symbols: Das warns Amazon

Don't be flippant with Indian symbols: Das warns Amazon

Mon, Jan 16, 2017

This provoked the Indian Ministry of External Affairs to say on Saturday that the company should respect Indian sensitivities and sentiments.

India appears to be much better placed today despite fragile world economy: Arun Jaitley

India appears to be much better placed today despite fragile world economy: Arun Jaitley

Thu, Jan 05, 2017

Finance Minister Arun Jaitley on Thursday said that even though the global economy is weak, India appears to be much better placed at present on the back of improvement in its macro-economic fundamentals.

Govt is emphasising on providing cash to rural areas, says Shaktikanta Das

Govt is emphasising on providing cash to rural areas, says Shaktikanta Das

Thu, Dec 15, 2016

He said notes seized from illegal accumulations are being put back into the circulation as soon as possible.

Old Rs 500 notes' use ends at midnight of Dec 15, not Dec 14: FinMin

Old Rs 500 notes' use ends at midnight of Dec 15, not Dec 14: FinMin

Wed, Dec 14, 2016

After Thursday midnight, Rs 500 notes would no longer be allowed to be used for the list of exemptions the government had announced.

Demonetisation: Govt reduces withdrawal limit, eases rules for farmers

Demonetisation: Govt reduces withdrawal limit, eases rules for farmers

Thu, Nov 17, 2016

Department of Economic Affairs (DEA)'s Secretary, Shaktikanta Das on Thursday announced new rules pertaining to the demonetisation move by the government. The rules include the following: 1. Exchange of old currencies have been reduced to Rs 2000 from Rs 4500 from November 18.

Demonetisation: Banks to use indelible ink to ensure people change cash only once

Demonetisation: Banks to use indelible ink to ensure people change cash only once

Tue, Nov 15, 2016

Under the so-called demonetisation scheme, people are allowed to exchange up to 4,500 rupees once only.

Now, you can pay water, electricity bills using old Rs 500, Rs 1,000 notes

Now, you can pay water, electricity bills using old Rs 500, Rs 1,000 notes

Thu, Nov 10, 2016

The old notes can be used for making payment of utility services such as water, electricity, taxes, charges, penalties to central and state governments.

RBI issues new series of Rs 500, Rs 2,000 currency notes

RBI issues new series of Rs 500, Rs 2,000 currency notes

Wed, Nov 09, 2016

Hours after Prime Minister Narendra Modi on Tuesday announced the demonetisation of high value notes, the Reserve Bank of India (RBI) on Tuesday issued new series of notes for the Rs 500 and Rs 2,000 denomination with improved features and newer sizes.

New Rs 500, Rs 2000 notes: Here are the new features

New Rs 500, Rs 2000 notes: Here are the new features

Tue, Nov 08, 2016

Patel said that RBI was concerned about growing menace of fake Indian currency notes which has been increasing in numbers.

RBI to provide new currency notes soon, increased production: Urjit Patel

RBI to provide new currency notes soon, increased production: Urjit Patel

Tue, Nov 08, 2016

After the announcement by Prime Minister Narendra Modi to stop Rs 1000 and Rs 500 notes as legal tender, Reserve Bank of India (RBI) Governor Urjit Patel said that RBI has increased the production and trying to provide new currency notes as soon as possible.

India to be able to present Union Budget around February 1: Shaktikanta Das

India to be able to present Union Budget around February 1: Shaktikanta Das

Fri, Nov 04, 2016

The Government of India is likely to present the Union Budget 2017-18 by around February 1 next year, said economic affairs secretary Shaktikanta Das in an interview to a television channel on Thursday.

FM Jaitley says India on path to achieve financial inclusion

FM Jaitley says India on path to achieve financial inclusion

Sun, Oct 09, 2016

Das also met the president of the New Development Bank and the CEOs of the Luxembourg Stock Exchange and Scotia Bank.

India's FX, stock markets to stabilise within days: Shaktikanta Das

India's FX, stock markets to stabilise within days: Shaktikanta Das

Thu, Sep 29, 2016

India's rupee and stock markets will stabilise in a few days, Economic Affairs Secretary Shaktikanta Das said on Thursday, following a sharp fall in the markets after India launched attacks on suspected militants.

Indian bond market at critical stage: Shaktikanta Das

Indian bond market at critical stage: Shaktikanta Das

Tue, Sep 27, 2016

Shaktikanta Das, Joint Secretary of Department of Economic Affairs said,"Indian bond is in critical stage and more need to be done for making more vibrant. Global economic situation is volatile. "

FIPB to take up 15 foreign investment proposals on September 26

FIPB to take up 15 foreign investment proposals on September 26

Sun, Sep 18, 2016

FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.

Nirmala Sitharaman rubbishes rupee devaluation claims

Nirmala Sitharaman rubbishes rupee devaluation claims

Thu, Sep 15, 2016

Indian Rupee (INR) fell to its two-week low of Rs 67.065 as media reports suggested that Indian Government might look to devalue the currency.

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