New Framework
The appointment of former Reserve Bank of India Governor Shaktikanta Das as “Principal Secretary-2” to Prime Minister Narendra Modi marks a significant shift in governance strategy.
The appointment of former Reserve Bank of India Governor Shaktikanta Das as “Principal Secretary-2” to Prime Minister Narendra Modi marks a significant shift in governance strategy.
Dr P K Mishra is the Principal Secretary-I to the Prime Minister.
Reserve Bank of India Governor Shaktikanta Das was admitted to a private hospital in Chennai late on Monday night after he complained of uneasiness. According to the hospital, his condition now is stable and there is no cause for concern.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday emphasised the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.
Reserve Bank of India (RBI) Governor Shaktikanta Das Monday said the central banks must remain vigilant, adaptable, continuously assess risks and build resilience.
Speaking at the India Economic Conclave, Das said that now the world knows the dangers of the Covid-19 pandemic and it is not as in the case of 2020 when there was complete uncertainty.
The governor also said that maintaining banking sector health with a strong capital base and ethics-driven governance remains a policy priority.
“We do realise that states and centre have their revenue pressures and require high sums of money to enable the country and people to come out COVID-19 stress,” Das said.
The inflation (retail) projection is revised to 5.2 per cent for Q4 of the current fiscal, Das said, adding vegetable prices are likely to remain soft in near term on the back of fresh arrivals in the market.
The scheme called, Retail Direct, will allow direct access to retail investors via the RBI in primary and secondary markets.
