India to remain among fastest growing large economies in 2023: RBI Governor
RBI Governor said the Indian economy had made rapid gains and has gradually integrated with the global economy over the years.
RBI Governor said the Indian economy had made rapid gains and has gradually integrated with the global economy over the years.
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender.
There are chances of India's gross domestic product (GDP) for FY23 crossing the estimated 7 per cent growth going by the trends, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday.
Reserve Bank of India governor Shaktikanta Das said this on the basis of strength in various macro fundamentals.
There has been some speculation that the decision to withdraw Rs 2000 note may put a strain on the overall money supply.
Among the most important fiscal measures the government has taken so far is the cut in corporate taxes, apart from a host of sectoral measures.
'The meeting will be a follow-up on an advertisement given by the State Level Banker's Committee (SLBC) in leading dailies last month that announced recovery of loans from farmers from August 1.'
The charge sheet clearly articulates that IL&FS kept functioning despite RBI's strictures and SFIO now maintains that the rot could have been prevented had the central bank acted with haste to cauterise the wound, knowing fully well the extent of the malaise.
The RBI is likely to adopt a more accommodative approach towards resolution of stressed assets when it issues a revised circular, replacing the controversial February 12 circular quashed by the Supreme Court.
This is the second successive year that the RBI will be transferring an interim surplus; the government received Rs 40000 crore from the central bank during fiscal 2018-19
