michael debabrata patra

RBI governor-headed FSDC-SC resolves to remain vigilant against external vulnerabilities

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RBI governor-headed FSDC-SC resolves to remain vigilant against external vulnerabilities

RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well as in the broader economy amid uncertain global environment. With a view to strengthening and institutionalising the mechanism for maintaining financial stability, enhancing inter-regulatory coordination … Read more

India needs major supply side reforms to check wild swings in vegetable prices: RBI report

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India needs major supply side reforms to check wild swings in vegetable prices: RBI report

India needs major supply side reforms to check the wild swings in vegetable prices which put the inflation calculation in jeopardy, even as the world’s fifth largest economy is expected to regain momentum in the second quarter, offsetting the exports contraction on account of worldwide slump in demand, Reserve Bank of India said in its … Read more

Cabinet secretary-led panel to interview five candidates for RBI deputy governor’s post on June 1

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Cabinet secretary-led panel to interview five candidates for RBI deputy governor’s post on June 1

The Cabinet Secretary-headed panel is scheduled to interview shortlisted candidates on June 1 for the post of RBI deputy governor, which falls vacant on June 21 after M K Jain completes his extended tenure. This vacancy for the RBI deputy governor’s post has been reserved for a commercial banker. According to sources, five candidates have … Read more

Sporadic supply shocks may be a concern: RBI paper

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Sporadic supply shocks may be a concern: RBI paper

The Reserve Bank of India’s (RBI) monthly bulletin sounded caution about sporadic and localised supply shocks that may need fine-tuning of measures within or outside the realm of monetary policy. The change in inflation trajectory could be led by higher demand in specific sectors. “For monetary policy, the recommendation would be ‘wait and watch’, while … Read more

‘Revenge rebound in spending’ generalising price pressures: RBI paper

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‘Revenge rebound in spending’ generalising price pressures: RBI paper

A “revenge rebound” in spending is generalising price pressures and making them persistent as impact of initial inflationary pressure, delivered by successive supply shocks, have waned, said a Reserve Bank of India paper on Tuesday. The paper, that analysed inflation trajectory in the country after February 2022, said that supply-side shocks resulting from the Russia-Ukraine … Read more

Rising investments, waning input cost pressure herald upturn in capex cycle: RBI article

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Rising investments, waning input cost pressure herald upturn in capex cycle: RBI article

Buoyant corporate sales, waning input cost pressures and rising investments in fixed assets are heralding the beginning of an upturn in the capex cycle in India that will speed up growth momentum in the economy, a Reserve Bank of India article said on Tuesday. The balance of risks is increasingly tilted towards a darkening global … Read more

Eight shortlisted for RBI deputy governor post; interview on July 23

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Eight shortlisted for RBI deputy governor post; interview on July 23

New Delhi: A search panel headed by the cabinet secretary is scheduled to interview eight shortlisted candidates on July 23 for the post of RBI deputy governor, sources said. The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31 on health … Read more