Shaktikanta Das

Next Monetary Policy Meet May Take Call On Lower Repo Rate: Shaktikanta Das

Business | Indo-Asian News Service | Tuesday October 8, 2019

The Governor was responding to queries that if the RBI may reach near about 5 and 4.75 per cent, which is historically low, there is no space to go beyond that.

RBI Bans Use Of Single-Use Plastic After PM Modi's Appeal

India News | Press Trust of India | Friday October 4, 2019

The Reserve Bank of India or RBI has decided to do away with the use of plastic, governor Shaktikanta Das said on Friday.

RBI Reduces Repo Rate To 5.15%, Lowest Since April 2010: 10 Things To Know

Business | Written by Sandeep Singh (with inputs from Reuters) | Friday October 4, 2019

The Reserve Bank of India (RBI) on Friday lowered the repo rate by 0.25 percentage point to 5.15 per cent, in line with economists' expectations. The central bank's Monetary Policy Committee also maintained an accommodative stance on policy, which rules out any increase in the key interest rates for now. All but one member of the Committee - chaire...

"Seen It Only In Media": RBI Governor On Rs 30,000 Crore Reported Payout

Business | Reported by Purva Chitnis, Edited by Debanish Achom | Friday October 4, 2019

The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised worries about a possible widening fiscal deficit, or theshortfall in the government's income compared with its spending.

RBI Will Not Allow Any Co-Operative Bank To Collapse: Shaktikanta Das On PMC Bank Crisis

Business | Written By Anshul | Friday October 4, 2019

RBI on PMC Bank: On Thursday, RBI raised withdrawal limit for account holders of the PMC Bank to Rs. 25,000 from earlier withdrawal limit of Rs. 10,000.

RBI Lowers Key Lending Rate To 5.15% - 5th Straight Cut - To Boost Growth

Business | Written by Abhishek Vasudev | Friday October 4, 2019

The decision to cut repo rate by the Reserve Bank of India was agreed upon by all the Monetary Policy Committee members.

RBI Cuts Repo Rate For Fifth Time This Year: Highlights

Business | Edited by Sandeep Singh | Friday October 4, 2019

RBI policy review: Economists read the commitment to remain accommodative for as long as necessary to push growth as a strong signal of further monetary easing. The RBI has now cumulatively lowered interest rates by 135 bps this year, but said that "transmission has remained staggered and incomplete".

Rate-Sensitive Shares Gain Ahead Of RBI Monetary Policy Decision

Business | Written by Abhishek Vasudev | Friday October 4, 2019

Gauge of auto shares on the NSE - Nifty Auto index rose 0.61 per cent followed by gain of 0.6 and 0.5 per cent each in Nifty Financial Services and Nifty Bank indexes respectively.

RBI May Announce Fifth Rate Cut Of The Year Today: 10 Things To Know

Business | Edited by Sandeep Singh (with inputs from agencies) | Friday October 4, 2019

The Reserve Bank of India will in the next few hours reveal the outcome of its fourth bi-monthly policy review. Many economists expect the six-member Monetary Policy Committee, chaired by the central bank Governor Shaktikanta Das, to once again lower the key interest rates, given the consumer inflation reading remaining well within the RBI's medium...

RBI Seen Reducing Key Interest Rates For Fifth Time This Year

Business | Thomson Reuters | Thursday October 3, 2019

In a bid to revive business activity, the government in September announced a sharp cut in the corporate tax rate - to 22 per cent from 30 per cent. But while the tax cut brings the cost of doing business in India into line with its main Asian rivals, the government's move will do little to fix a lack of spending power, economists say.

RBI May Go For Another Rate Cut On October 4, Say Experts

Business | Press Trust of India | Sunday September 29, 2019

The RBI Governor Shaktikanta Das headed Monetary Policy Committee (MPC) will announce the fourth bi-monthly monetary policy for 2019-20 on Friday, October 4, after its three-day meeting.

Corporate Tax Cut Bold Move, Will Attract Investors: Shaktikanta Das

Business | Indo-Asian News Service | Tuesday September 24, 2019

Mr Das last week had said the government had limited fiscal space to support growth but low inflation can help the monetary authority to ease policy rates to boost the economy.

RBI Autonomous, Nobody Interferes With Decision-Making: Shaktikanta Das

India News | Press Trust of India | Friday September 20, 2019

Asserting that the Reserve Bank is more than autonomous, governor Shaktikanta Das Friday said though the central bank engages with the government in free and frank discussions, there is no interference from it when it comes to taking decisions.

Shaktikanta Das Says GDP Growth Expected To Be Better In September Quarter

Business | Edited by Anshul (with inputs from PTI) | Friday September 20, 2019

He said for the first quarter, the RBI analysis showed growth to be at 5.8 per cent and all the surveys it did also projected growth to be in the range of 5.5-5.8 per cent but the final print was much lower.

Little Space For Any Fiscal Expansion By Government: Shaktikanta Das

Business | Written by Anshul (with inputs from agencies) | Thursday September 19, 2019

Shaktikanta Das expects US Fed's latest rate cut to boost fund inflows into the country, mostly via FDI.