Central banking is a science, not an art. By experience, expertise and intuition, most past RBI governors have done a phenomenal job, writes Tamal Bandyopadhyay
Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors - Raghuram Rajan and Urjit Patel - were world-renowned economists
The RBI has injected durable liquidity through open market operations of Rs 1.36 trillion in the current financial year
With hardly a financial quarter or two left for the Lok Sabha elections, the govt needs to understand that even the most capable bureaucrat cannot pull chestnuts out of the fire
The operational autonomy of the central bank not only needs to be safeguarded but it should also be perceived to be protected
The central board of the Reserve Bank of India (RBI) under new Governor Shaktikanta Das will meet on Friday where the directors are likely to push for greater say in the decision making of the central bank. The meeting will review the progress with respect of some of the decisions taken in the last meet on November 19. Among other things, the crucial board meeting is expected to take a stock of Micro, Small & Medium Enterprises (MSMEs), which is under stress due to demonetisation and implementation of the Goods and Services Tax (GST). This schedule meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons. However, the tussle between the Finance Ministry and RBI was attributed as reason for the sudden exit of Patel, who would have completed his 3-year term in September 2019. According to sources, one of the key agenda for the upcoming board meeting will be governance issue -- the role of central board in the decision making of ..
RBI governor is right in Govt & RBI role, says Gurumurthy
A seasoned IAS officer who is close to the current government, will Das find an independent voice as the new central bank boss?
The board may consider forming a committee to deliberate on the governance structure in RBI
Shaktikanta Das also said he would extensively consult various stakeholders, including the government, on key issues
Governor Das has to sort out a lot of tricky issues
Shaktikanta Das, a quintessential finance ministry insider, takes charge of the central bank at a critical time in the relationship.
Shaktikanta Das said the RBI board meeting scheduled for Friday will be held as planned
When did Patel really resign? When did Das get the mandate to take over as RBI governor?
Das said he will preserve the "core values" of the central bank, but called for "frank discussions" with the government
New RBI governor Shaktikanta Das addressed the media in Mumbai
Das, a career bureaucrat, is seen as someone who can ease tensions with the state, prompting a mixed reaction from markets
Finance Minister Arun Jaitley termed Das as a person with 'right credentials' for the RBI top job.
When the stakes are high, Shaktikanta Das manages to work with those involved and narrow down differences.
Many past illustrious RBI governors were government officials, Shaktikanta Das would have to take their legacy forward