The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019
Nominating Das, the magazine said India's banks have faced a series of challenges, from non-performing loans to issues around fraud
Such minutes will be available within two weeks from the date of its confirmation in the next meeting of the central board and on being signed by the chairman in the same meeting, the RBI said
Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall
Higher growth also improves tax-GDP ratio which enhances the resource availability with Government to undertake social and infrastructure expenditure
According to the RBI governor, wider rural road network, better communication facilities, and easier access to micro credit will contribute to better price realisation for farmers
Under his governorship, Das silenced the ever-hungry market and North Block mandarins with 135 basis points reduction in interest rates through five successive rate cuts
In the last financial year 2018-19, sources said, these companies had reduced their debt burden by about Rs 43,000 crore
Comments come at a time when many promoters of companies are under regulatory scanner
The policy easing cycle this year saw Das and his rate-setting panel deliver a rare 35 basis-point cut in August
The six-member MPC, headed by Das, had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing inflation
Freeing up such transactions were to give further impetus for such digital retail payments.
Das said he hoped a recent trade deal between the United States and China would hold and not be reversed
From Moody's comment on weak household consumption in India to Modi's comment on Citizenship Act protests, Business Standard brings you the top headlines of the day
The comments from Das come following a series of five consecutive rate cuts by RBI starting February this year by a cumulative 1.35 per cent
It is difficult to say whether the banking sector will see the worst behind it by March 2020
The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies
Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.
RBI and the government had differences on many occasions, but the governor didn't let it play them out in public
The no-rate-cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate Shaktikanta Das is maturing in his new role.