Part Panglossian, part practical, Governor Shaktikanta Das soldiers on
Tomorrow, Das will complete a year at the helm of RBI. Here's looking back at that turbulent one year.
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Growth a national objective: Shaktikanta Das
Das, while speaking at the postpolicy press conference on Thursday, said at a critical juncture where growth was slacking, it was of paramount importance that monetary policy and fiscal policy work in coordination to achieve the best results in the national endeavour to revive growth. The career bureaucrat entered the RBI headquarters last December.
Good coordination with government on policy measures: Shaktikanta Das
The governor said the central bank would like to see greater clarity on the impact on the government's counter-cyclical measures to push growth, stressing that the central bank is "not worried" over the government missing the fiscal deficit target. Das said inflation is seen rising in the near-term, but is likely to moderate soon.
Why RBI stayed put on policy rates? Shaktikanta Das explains
Core inflation expected to remain in the current zone below 4 per cent, said Governor Das.
A year in the RBI hotseat: Shaktikanta Das and the art of negotiation
When he succeed Urjit Patel as RBI Governor on Dec 11, critics said he could be remote-controlled by the govt.
Forensic audit on PMC scam expected by month-end: Shaktikanta Das
"There is a forensic audit underway. We will get the report by the end of this month. Assessment of the realisable value of the assets of the bank is also on," Das told reporters after the announcement of the monetary policy.
RBI to retain dovish bias going forward
Das said the pause was temporary and the central bank wanted to assess the effect of its policy after reduction of 135 basis points in five policies this year.
Government may come up with more measures to arrest slowdown
It is also likely that the government may initiate some more counter-cyclical fiscal and other measures to arrest the slowdown, Das said after announcing status quo on the rate front, disappointing market participants. Das said the central bank would wait for further clarity on the kind and nature of counter-cyclical fiscal and other measures by the government.
RBI Monetary Policy December 2019: Key takeaways
While announcing the observations and decisions of the Monetary Policy Committee's meet for December 2019, Governor Shaktikanta Das announce...
GDP shocker: RBI cuts FY20 growth forecast to 5%
CPI inflation projection wad revised upwards to 5.1-4.7 per cent for the second half of FY20.
RBI may wait for Budget announcements before taking rate cut decision
“The forthcoming union budget will also provide better insight into further measures to be undertaken by the government and its impact on growth. Against this backdrop, the MPC judged that there is monetary policy space for further action, but it felt it appropriate to take a pause at this juncture.”
Has Guv Das turned hawkish? Key takeaways from RBI money policy
The MPC revised down real GDP growth for 2019-20 from 6.1% in October policy to 5%.
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