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.
Consumer confidence, it said is reviving and business expectations of manufacturing, services and infrastructure remain upbeat.
Post the implementation of the law, these institutions have raised their concerns with the state government, RBI as well as with the central government.
RBI Governor Shaktikanta Das said that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
It can be noted that the Indian economy contracted by 23.9 per cent in the first quarter of the fiscal year, and the RBI expects the economy to shrink by 9.5 per cent in FY21.
