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Tag "Shaktikanta Das"

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

🕔17:05, 8.Jun 2022

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on

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RBI says 75% of rise in inflation projection for FY23 due to food

RBI says 75% of rise in inflation projection for FY23 due to food

🕔17:04, 8.Jun 2022

Reserve Bank of India Governor Shaktikanta Das, while estimating India’s overall retail inflation for FY23 at 6.7 per cent, said that the 75 per cent of the increase in inflation projections can be attributed to the food group. New Delhi,

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RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23

RBI raises repo rate by 50 bps, sees inflation over tolerance level till Q3FY23

🕔11:17, 8.Jun 2022

The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of

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India’s FY23 retail inflation rate projection raised to 5.7%

India’s FY23 retail inflation rate projection raised to 5.7%

🕔15:02, 8.Apr 2022

Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Friday raised India’s retail inflation rate projection for FY23. Accordingly, inflation projection for 2022-23 has been raised to 5.7 per cent from an earlier estimation of 4.5 per cent In

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Policy support: RBI MPC retains accommodative stance, repo rate

Policy support: RBI MPC retains accommodative stance, repo rate

🕔14:53, 8.Apr 2022

Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Friday retained its key lending rate during the first monetary policy review of FY23. Besides, the growth-oriented accommodative stance was also retained. Accordingly, the Monetary Policy Committee (MPC) of the

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Global headwinds: RBI lowers FY23 GDP growth forecast to 7.2%

Global headwinds: RBI lowers FY23 GDP growth forecast to 7.2%

🕔11:57, 8.Apr 2022

Mumbai, April 8 (IANS) Reserve Bank of India on Friday lowered India’s FY23 GDP growth projection to 7.2 per cent from an earlier estimation of 7.8 per cent. In a statement after the Monetary Policy Committee’s bi-monthly meet, RBI Governor Shaktikanta

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India’s FY23 GDP growth projected at 7.8%: RBI Guv

India’s FY23 GDP growth projected at 7.8%: RBI Guv

🕔17:59, 10.Feb 2022

Mumbai, Feb 10 (IANS) India’s GDP is expected to grow at 7.8 per cent in FY2022-23, said RBI Governor Shaktikanta Das on Thursday. In a statement after the Monetary Policy Committee’s bi-monthly meet, Das said the real GDP growth is projected

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RBI projects India’s FY23 retail inflation at 4.5%

RBI projects India’s FY23 retail inflation at 4.5%

🕔12:01, 10.Feb 2022

Mumbai, Feb 10 (IANS) India’s FY23 retail inflation is projected at 4.5 per cent, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday. Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per

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Consumption demand making strong comeback: RBI Guv

Consumption demand making strong comeback: RBI Guv

🕔07:36, 17.Nov 2021

Mumbai, Nov 17 (IANS) Reserve Bank of India Governor Shaktikanta Das on Tuesday said that consumption demand triggered by the festive season is making a strong comeback. Speaking at the eighth SBI Banking & Economics Conclave, he said: “There are signs

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RBI Governor Shaktikanta Das’s term extended

RBI Governor Shaktikanta Das’s term extended

🕔11:49, 29.Oct 2021

Mumbai, Oct 29 (IANS) The Centre has extended the tenure of Reserve Bank of India Governor Shaktikanta Das by another three years. Accordingly, the Appointments Committee of the Cabinet, approved Das’s reappointment. In an order, it said: “The ‘Appointments Committee of

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RBI’s monetary policy, upcoming Q2 results’ expectations lift equities

RBI’s monetary policy, upcoming Q2 results’ expectations lift equities

🕔17:38, 8.Oct 2021

Mumbai, Oct 8 (IANS) India’s key equity indices – S&P BSE Sensex and NSE Nifty50 – traded in the green during Friday’s late afternoon trade session after RBI’s monetary policy boosted sentiments. Besides, positive global cues and investors’ expectations of healthy

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RBI extends enhanced WMA limits till fiscal end

RBI extends enhanced WMA limits till fiscal end

🕔13:45, 8.Oct 2021

Mumbai, Oct 8  In view of the uncertainties related to the ongoing pandemic, the RBI has decided to continue with the enhanced Ways and Means Advances (WMA) limits up to March 31, 2022. As recommended by the Advisory Committee chaired

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RBI proposes framework for geo-tagging of physical payment acceptance infra

RBI proposes framework for geo-tagging of physical payment acceptance infra

🕔13:43, 8.Oct 2021

Mumbai, Oct 8 (IANS) The RBI has proposed a framework for geo-tagging of physical payment acceptance infrastructure of merchants for widening access to digital payments. Geo-tagging involves capturing geographical coordinates – viz latitude and longitude of physical payment acceptance infrastructure –

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Policy Push: RBI’s MPC retains rates, accommodative stance

Policy Push: RBI’s MPC retains rates, accommodative stance

🕔13:42, 8.Oct 2021

Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) retained its key short-term lending rates during its October monetary policy review of FY22. The growth-oriented accommodative stance was also retained to give a push to economic activity. The Monetary Policy

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RBI to cease G-SAP operations to balance liquidity

RBI to cease G-SAP operations to balance liquidity

🕔12:25, 8.Oct 2021

New Delhi, Oct 8  The Reserve Bank of India on Friday said it will cease the operations of its secondary market ‘G-Sec Acquisition Programme’ or ‘G-SAP’. RBI Governor ShaktiKanta Das said that G-SAPs have been successful in addressing market concerns

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RBI extends dates for classification of bank credit to focused NBFCs

RBI extends dates for classification of bank credit to focused NBFCs

🕔12:22, 8.Oct 2021

Mumbai, Oct 8 (IANS) RBI has extended dates for the classification of bank credit to focused NBFCs as priority sector lending till March 31, 2022. The provision ended on September 30 and a need was felt for extending the facility with

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RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

RBI proposes Internal Ombudsman schemes for NBFCs with high customer interface

🕔12:22, 8.Oct 2021

Mumbai, Oct 8  With a view to further strengthen the internal grievance redress mechanism of NBFCs, the Reserve Bank of India (RBI) on Friday decided to introduce the Internal Ombudsman Scheme (IOS) for certain categories of NBFCs which have higher

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RBI introduces Digital Payment Solutions in offline Mode

RBI introduces Digital Payment Solutions in offline Mode

🕔12:19, 8.Oct 2021

Mumbai, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday proposed to introduce a framework for carrying out retail digital payments in offline mode across the country. In common parlance this means introduction of facility where digital transactions could

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RBI enhances Transaction Limit in IMPS transfers to Rs 5 lakh

RBI enhances Transaction Limit in IMPS transfers to Rs 5 lakh

🕔12:18, 8.Oct 2021

Mumbai, Oct 8 (IANS) In order to promote digital transactions, the Reserve Bank of India (RBI) on Friday enhanced the transaction limit using Immediate Payment Service (IMPS) of banks to Rs 5 lakh. RBI Governor Shaktikanta Das said that the limit

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Growth Rebound: RBI retains FY22 GDP growth projection at 9.5%

Growth Rebound: RBI retains FY22 GDP growth projection at 9.5%

🕔12:17, 8.Oct 2021

New Delhi, Oct 8 (IANS) The Reserve Bank of India (RBI) on Friday retained the FY22 projection for real GDP growth at 9.5 per cent. Accordingly, RBI Governor Shaktikanta Das pointed out that GDP is expected to grow at 7.9 per

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