New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said he has turned coronavirus negative and will join office next week. Das was tested COVID-19 positive on October 25. “I have tested COVID-19 negative. Will be back in office next week. Thank you everyone for your good wishes for my early recovery,” … Read more
There was a time when India was well on the way to socialism. But that time is long past. Today, it is an irreversibly capitalist economy. Synopsis Sitharaman’s package this time is smaller than the May package. But that is not because of a fresh sense of responsibility or caution. She knows that she is … Read more
Mumbai: The bond market reacted postively to the Reserve Bank of India (RBI) governor’s signal for lower yields lapping up the Rs 28,000 crore bonds on offer at the prevailing market rate even as the benchmark bond yield dropped by seven basis points to end at 5.94%. As expected the RBI kept interest rates unchanged … Read more
Mumbai: RBI Governor Shaktikanta Das on Thursday warned banks that being overly risk averse will be “self-defeating” and that lenders will not be able to “win their bread” if they do not carry out their basic task. Speaking at a webinar organised by financial daily Business Standard, Das said, rather than becoming averse to lending, … Read more
NEW DELHI: Stagflation is a double-edged sword and it’s here, at least this is what the RBI’s recent survey on households suggests. Nomura India, however, says it may be transitory. It believes supply-chain disruptions during the pandemic are largely to blame for the outcome. Stagflation occurs when economic output stagnates but inflation keeps rising. It … Read more
New Delhi: Prime Minister Narendra Modi on Thursday held a brainstorming session with financial sector regulators and discussed various measures to revive the economy hit hard by COVID-19 crisis. According to sources, the meeting discussed various steps that regulators, especially the Reserve Bank of India, can take to push economic growth staring at the risk … Read more
NEW DELHI: Amid the on-going row over digital taxation, Finance Minister Nirmala Sitharaman on Saturday said that a consensus-based solution on the issue should be simple and inclusive based on a robust economic impact assessment. The minister was speaking at the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting held at Riyadh (Saudi … Read more