#Shaktikanta Das

.New Delhi, Delhi, India
High fuel prices affect the cost for alternative commodities associated with it like cost of manufacturing and transportation. (Photo credit: PTI)

  • Diesel and petrol prices have an impact on the cost side as well, said RBI governer
  • Government at both levels should work together to bring down indirect taxes levied on fuel, he added
  •  RBI is working on digital curency of its own

.New Delhi, Delhi, India
RBI Governor Shaktikanta Das heads the six-member MPC. (Photo Credit: PTI)

  • RBI has kept the repo rate unchanged at 4%
  • The reverse repo rate has been kept unchanged at 3.35%
  • This was the first monetary policy announcement following the presentation of Union Budget 2021-22

.New Delhi, Delhi, India
RBI Governor Shaktikanta Das on Saturday said the financial stability is a public good. (AFP Photo)

  • RBI has directed its policy efforts to put in place a state-of-the-art national payments infrastructure, Shaktikanta Das said
  • Financial stability is a public good and its resilience and robustness need to be preserved: RBI Governor
  • We need to support economic revival and growth, we need to preserve financial stability, Das said

.New Delhi, Delhi, India
The RBI has referred to a 'growing disconnect' between financial markets and real sector activity. (Photo Credit: Twitter/@ANI)

  • Analysts have been warning of an impending market correction, since trade has been happening at expensive valuations
  • The HDFC analysts have pointed to a low impact of one year GDP decline on intrinsic values of assets
  • RBI Governor Shaktikanta Das has said in the FSR, caution should be the buzzword

.New Delhi, Delhi, India
NITI Aayog Vice-Chairman Rajiv Kumar was hopeful of the Indian economy's growth in 2021. (Photo credit: Twitter/@ANI)

  • The Indian economy was dealt with a heavy blow as COVID-19 raged across the country
  • Our economy will grow at 10% in 2021-22 in real terms, said NITI Aayog Vice-Chairman
  • Earlier, RBI Governor had said the projected GDP for 2021-21 would be at -7.5%

.Delhi, India
Das added, "The Marginal Standing Facility (MSF) rate and the bank rate remain unchanged at 4.25%. (Photo Credit: Twitter/ANI)

  • Shaktikanta Das projected a -7.5% GDP growth for the financial year 2020-21 
  • Das projected a positive 0.1% GDP growth rate in the third quarter of 2020-21
  • RBI has decided to keep the policy repo rate unchanged at 4%

.New Delhi, Delhi, India
The -7.5% GDP contraction in the second quarter beat RBI's estimate of -8.6% contraction. (Photo Credit: Unsplash)

  • In quarter two, the manufacturing sector had a growth of 0.6% against a contraction of  -0.6% in the same quarter last year
  • Trade, hotels, transport and the communication sectors are down by -15.6% in the second quarter
  • The unemployment rate in the country has been between 5.5-7.8%

.Delhi, India
In the previous quarter, India had seen a significant contraction of minus 23.9% in GDP. (Photo credit: Representational/unsplash)

  • In the previous quarter, India had seen a significant contraction of minus 23.9% in GDP
  • RBI Governor Shaktikanta Das said the Indian economy had exhibited momentum of recovery
  • The RBI governor blamed the COVID-19 for giving a rude jolt to the India economy

.New Delhi, Delhi, India
RBI Governor Shaktikanta Das was speaking at the annual day event of FEDAI. (Photo Credit: Twitter/@ANI)

  • RBI Governor Shaktikanta Das said that Indian economy needs to be watchful of demand sustainability after the festive season
  • RBI remains committed to maintain orderly functioning of financial markets, he said
  • "Capital account convertibility will continue to be approached as a process," Das said

.New Delhi, Delhi, India
RBI Governor Shaktikanta Das said he tested positive for COVID-19. (AFP Photo)

  • Das said that work in the Reserve Bank of India will 'go on normally'
  • 'Feeling very much alright': Das said
  • He said he has alerted those who came in contact with him recently