RBI Governor Address Highlights: Reserve Bank of India (RBI) Governor Shaktikanta Das announced a number of schemes, such as second round of loan restructuring and other relief measures. Governor, you indicated that India is more or less well prepared to handle the taper tantrum, quote-unquote, in case that unfolds in the way it unfolded earlier. RBI governor Shaktikanta Das during an event according to PTI has stated his distrust in cryptocurrencies, calling them a threat to any financial system, at least till they are regulated. He compared the crypto market to the 17th century Tulip mania and said it’s much worse than the Tulip bubble.. For the uninitiated, Tulipmania was a phenomenon in 1634 where Dutch farmers’ annual income rose tenfold by growing tulips. India's RBI governor Shaktikanta Das says crypto is 'not even a tulip' Says tulips have more value while warning Indians against the cryptocurrencies Published: February 10, 2022 15:39 Bloomberg Read more about Decoupling from US: RBI governor Shaktikanta Das's boldest monetary policy on Business Standard. The Reserve Bank of India (RBI) Governor Shaktikanta Das smiles as he arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. … In the latest updates, the RBI Governor also cautioned cryptocurrency investors. Cautioning investors, the governor said such assets have no underlying whatsoever, “not even a tulip”. He will now serve till 2024.Das was appointed in 2018 after former RBI Governor Urjit Patel stepped down abruptly before the end of his tenure.Das, who will soon complete three years in office, will … NEW DELHI: Reserve Bank of India Governor Shaktikanta Das today said that cryptocurrencies are a very serious concern for the central bank. The government is likely to introduce a bill on cryptocurrencies during the winter session of Parliament beginning November 29. “The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das as Reserve Bank of India Governor for a period of three years beyond 10.12.2021 or until further orders, whichever is earlier,” reads an official statement. New Delhi : The central government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years up to December 2024, according to an official order. Reserve Bank of India Governor Shaktikanta Das on Thursday said private cryptocurrencies are a big threat to the financial and macro economic stability of the country. Early Life and Education of Shaktikanta Das. On Friday, Reserve Bank of India Governor Shaktikanta Das announced the second bi-monthly RBI monetary policy 2021 for the 2021-22 fiscal year. RBI Governor Shaktikanta Das Warns Crypto Is ‘Not Even a Tulip'. At present, he is filling in as the 25th governor of the Reserve Bank of India (RBI). The Reserve Bank’s inflation projections, Das said, are “robust” but contingent on downside and … Addressing a virtual banking conclave organised by the newspaper Business Standard, Das said the central bank “does not have the luxury” of predicting a growth number and then changing it … New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday reiterated his concerns over the financial instability such investments could cause and stated that the government was actively considering its recommendations. RBI Governor Shaktikanta Das, speaking at an event on Thursday said, ”The index will have parameters across the three dimensions of financial inclusion. Reserve Bank of India - Database. Reserve Bank of India's (RBI) governor Shaktikanta Das on Sunday advised depositors to be mindful while chasing high returns, saying that they always come with greater risk. A quick follow-up, Sir and Ma'am on what has been said till now. New Delhi: The Reserve Bank of India (RBI) will start providing economic growth estimates once there is clarity on the Covid curve, RBI Governor Shaktikanta Das said Thursday. The central bank has given its feedback to the government and made its concerns … This is the ninth time in a row that the MPC headed by RBI Governor Shaktikanta Das has maintained the status quo. Das was appointed the RBI’s 25th governor on December 11, 2018, initially for a period of three years. Click Here to view the video of Shaktikanta Das’ biography. Reserve Bank of India (RBI) Governor Shaktikanta Das has defended the central bank's latest inflation forecast, saying they are "robust". Inflation number should not cause alarm: Shaktikanta Das. Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India. Reserve Bank of India (RBI) Governor Shaktikanta Das has tested negative for coronavirus on Saturday and will join the office next week. He announced a slew of measures to provide relief to the economy which has been battered by the coronavirus pandemic. Reserve Bank of India (RBI) Governor Shaktikanta Das addressed media today amid the raging second wave of COVID-19 in the country. Reserve Bank of India Governor Shaktikanta Das on Saturday said he has turned coronavirus negative and will join office next week.Das … India is much better placed today to deal with future waves of the pandemic relative to the first wave, RBI deputy governor Michael Patra said. The Governor of India’s Central Bank said that cryptos have no underlying value. Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said the Covid-19 pandemic has severely dented inclusivity across countries. Cautioning investors, the governor said such assets have no underlying whatsoever, “not even a tulip”. India’s inflation projections are strong and all doable situations within the oil worth vary have been taken into consideration, Reserve Das said he is asymptomatic and his condition is stable and also alerted those who came in contact with him in the past few days. India’s inflation projections are strong and all doable situations within the oil worth vary have been taken into consideration, Reserve A quick follow-up, Sir and Ma'am on what has been said till now. REITERATING the central bank’s serious concerns over cryptocurrencies, Reserve … RBI Governor Shaktikanta Das Speech: PDF of Full Text of His Third Media Address to Announce Slew of Measures to Ease … 19 per cent polling recorded in U'khand till 11 am S.Korean government to create a fund to cope with supply chain challenges RBI Monetary Policy Review August 2021: FULL TEXT of Governor Shaktikanta Das’ statement mustaksubhedar August 6, 2021 The Reserve Bank of India (RBI) on Friday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy is yet to recover from the impact of second COVID wave. As per the minutes, Das said there was growing uncertainty regarding the evolving global macroeconomic outlook. Sapna Das, CNBC TV18: Thank you very much Governor and Finance Minister. Published November 10, 2021. The Reserve Bank of India Governor Shaktikanta Das today announced a host of measures to address the problems being faced by borrowers as a result of the COVID-19 pandemic and to improve the liquidity in the system. RBI governor Shaktikanta Das on Tuesday exhorted his disapproval of the legalisation of cryptocurrency in India by conveying that the online currency has ‘far deeper issues’. Announcing the measures, RBI Governor Shaktikanta Das said borrowers — individuals and small businesses and MSMEs — having aggregate exposure of up to Rs 25 crore and who have not availed restructuring under any of the earlier restructuring frameworks (including under the Resolution Framework dated August 6, 2020), and who were classified as … Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018. The three-day RBI MPC meeting, which began on … Reserve Bank of India Governor Shaktikanta Das has tested positive for COVID-19 on Sunday. He is appointed by the Central Government in terms of the provisions of Sec 8 of the RBI Act, 1934. Shaktikanta Das (born 26 February 1957) is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre. Currently serving as the 25th governor of the Reserve Bank of India (RBI), he was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Shaktikanta Das, the 25th governor of the Reserve Bank of India, has been reappointed for another three years, the government said in a letter dated Oct. 28, 2021. RBI Governor Das flags 'serious concern' over cryptocurrencies. NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday (April 17) said that the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the COVID-19 pandemic. Economists are pushing back estimates for when India will raise interest rates after Governor Shaktikanta Das lowered inflation and growth forecasts, betting that the central bank can stay focused on spurring economic activity.. Citigroup Inc. sees the Reserve Bank of India lifting the repurchase rate no earlier than October, versus its earlier August prediction. RBI Governor Shaktikanta Das said that number of participants in crypto market is exaggerated and added that more than 70 percent have invested not more than Rs 3000. The RBI Governor Shaktikanta Das also added that cryptocurrency has no underlying assets. Shaktikanta Das has warned locals against investing in crypto. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability and undermine its ability to deal with challenges on the two fronts. The RBI governor would like to merge and reduce the number of government banks before any talks of selling them off to private players. The Reserve Bank of India has pumped in more than Rs 1.36 trillion in OMO operations this year, of which Rs 1 trillion was doled out in a little over the last three months itself, deputy governor Viral Acharya had said at the last bi-monthly MPC press meet. New Delhi: Reserve Bank of India Governor Shaktikanta Das said an increase in interest rates by the US Federal Reserve was unlikely to cause any taper "tantrum" as it has given sufficient warning and India is well placed to handle any spillovers. To understand this better we are joined by cryptocurrency expert Siddharth Sogani. The "momentum of inflation was on a downward slope" since October and the January uptick in retail inflation should not … The "momentum of inflation was on a downward slope" since October and the January uptick in retail inflation should not … In today’s RBI monetary policy, Governor Das cites a large amount of data and countermeasures. “People are doing a certain activity; as a central bank we have serious concerns from the macroeconomic and financial … “The Appointments Committee of the Cabinet has approved the appointment of Shaktikanta Das, former Secretary, Department of Economic Affairs, as Governor of the Reserve Bank of India (RBI) for a period of three years,” an official order said. Reserve Bank of India Governor Shaktikanta Das addressed the media today amid the fourth phase of the lockdown. RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability and undermine its ability to deal with challenges on the two fronts. Sapna Das, CNBC TV18: Thank you very much Governor and Finance Minister. Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years. As an ex-career bureaucrat, Das has worked under administrations led by both Prime Minister Narendra Modi’s Bharatiya Janata Party and the opposition Indian … Reserve Bank Governor Shaktikanta Das on Monday said the decision with respect to issuance of sovereign green bonds announced in the Budget will be taken next month. RBI Governor: Cryptos have no underlying asset… not even a tulip. Shaktikanta Das, who has taken over as the RBI Governor from Urjit Patel, was the Economic Affairs Secretary when demonetisation was announced. The Reserve Bank of India (RBI) Governor Shaktikanta Das smiles as he arrives at a news conference after a monetary policy review in Mumbai, India, February 6, 2020. Das was appointed the RBI’s 25th governor on December 11, 2018, initially for a period of three years. Das, a 1980 batch IAS officer from Tamil Nadu cadre, was a member of the Finance Commission of India. Addressing the media at … Central Government has re-appointed Shri Shaktikanta Das as Governor, Reserve Bank of India for a further period of three years beyond the 10th day of December 2021, or until further orders, whichever is earlier. Shaktikanta Das has warned locals against investing in crypto. Shri Shaktikanta Das re-appointed as RBI Governor. View in App. New Delhi: The Reserve Bank of India Governor Shaktikanta Das on Monday said that the “momentum of inflation is on a downward slope” and the central bank would continue to strike a delicate balance between the need to contain price rise and ensure economic growth.. Governor Shaktikanta Das said the bank’s monetary policy committee has decided to keep the benchmark repo rate unchanged at 4% (since May 2020), while the reverse repo rate has been maintained at 3.35% RBI Governor Shaktikanta Das at a news conference. (REUTERS/File) Reserve Bank Governor Shaktikanta Das on Monday said the decision with respect to issuance of sovereign green bonds announced in the Budget will be taken next month. RBI Monetary Policy: Key takeaways from announcements made by Governor Shaktikanta Das. RBI Governor: Cryptos have no underlying asset… not even a tulip. Date : Oct 29, 2021. Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday the statistical effect of a low base will continue to play out in inflation numbers in coming months and hence the resultant high annual inflation numbers should send alarm bells ringing. The RBI Governor took to Twitter to inform about his COVID-19 test coming positive. Our inflation projections are quite robust, says RBI Governor Shaktikanta Das. Finance Minister Nirmala Sitharaman in her Budget speech announced that the government will issue sovereign bonds to mobilise resources for green infrastructure. Shaktikanta Das is a retired member of the 1980 Indian Administrative Service (IAS), and an official of the Tamil Nadu framework. Shaktikanta Das was appointed as the Reserve Bank of India (RBI) Governor in December 2018. RBI has the repo rate (the rate at which the RBI infuses liquidity into the system) and the reverse repo rate (the rate at which it sucks out liquidity) unchanged at 4 per cent and 3.35 per cent Recommended Reading: Coronavirus helpline number of all Indian states and union territories For more articles like, “RBI Governor Press Conference Highlights”, do follow us on Facebook , Twitter, and Instagram . New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned investors on cryptocurrencies stating that they should invest in the same at their own risk. Numbers exaggerated, most Indian crypto buyers invested Rs 1,000-Rs 3,000: Das. Reserve Bank of India (RBI) Governor Shaktikanta Das has defended the central bank's latest inflation forecast, saying they are "robust". (165 kb) Edited Transcript of Reserve Bank of India’s Monetary Policy Press Conference: February 10, 2022. RBI Governor Shaktikanta Das addressed the media via video conferencing. The government has extended the term of Reserve Bank of India (RBI) Governor Shaktikanta Das by three years -- a tenure that will make him the second longest serving head of the central bank.. Das was appointed as RBI's 25th governor on December 11, 2018, for a period of three years after the surprise resignation of his predecessor Urjit Patel. RBI Governor Shaktikanta Das Warns Crypto Is ‘Not Even a Tulip'. Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday the statistical effect of a low base will continue to play out in inflation numbers in coming months and hence the resultant high annual inflation numbers should send alarm bells ringing. Firstpost. Network 18. Retrieved 12 December 2018. ^ "Shaktikanta Das takes charge as 25th Governor of the RBI". The Economic Times. ET Online. The Times Group. 12 December 2018. OCLC 61311680. Retrieved 12 December 2018. ^ "Shaktikanta Das Takes Charge As 25th RBI Governor". BloombergQuint. BQ Desk. 12 December 2018. Retrieved 12 December 2018. Governor, you indicated that India is more or less well prepared to handle the taper tantrum, quote-unquote, in case that unfolds in the way it unfolded earlier. The concerns are primarily stemming from a macroeconomic and financial stability perspective", Das said in an interview with Business Standard. He further said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past … RBI maintains status quo; leaves benchmark lending rate unchanged at 4% This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India. Economists are pushing back estimates for when India will raise interest rates after Governor Shaktikanta Das lowered inflation and growth forecasts, betting that the central bank can stay focused on spurring economic activity.. Citigroup Inc. sees the Reserve Bank of India lifting the repurchase rate no earlier than October, versus its earlier August prediction. REITERATING the central bank’s serious concerns over cryptocurrencies, Reserve … Mumbai: India’s central bank Governor Shaktikanta Das has built up support on both sides of the political divide, making his position relatively safe under a new government no matter who wins the election. The Reserve Bank of India (RBI) on Friday announced its decision to keep benchmark rates unchanged while retaining its GDP growth forecast for the economy at 9.5 percent for FY22. The MPC, led by RBI Governor Shaktikanta Das, has maintained the status quo for the ninth time in a row. Siddharth said that RBI has been cautioning crypto … RBI Governor Shaktikanta Das, speaking at an event on Thursday said, ”The index will have parameters across the three dimensions of financial inclusion. Shaktikanta Das took charge as the 25th Governor of the Reserve Bank of India (RBI) on December 12, 2018, under exceptional circumstances. The first monetary policy for 2021-22 was announced in April. Shaktikanta Das: Sapna Das there, please. New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday termed the low GDP growth of 5 percent as a "surprise" but expressed confidence that the economy will look up with a host of measures taken by the government.. RBI Governor Shaktikanta Das said that number of participants in crypto market is exaggerated and added that more than 70 percent have invested not more than Rs 3000. Interest rates have remained unchanged due to the … Expressing doubts over the number of users and amount being bandied around by the crypto platforms, RBI Governor Shaktikanta Das said the numbers seem to be exaggerated. Answer: Shri Shakti Kant Das is the Governor of Reserve Bank of India. I'm joined by the honorable governor of the Reserve Bank of India, Mr. Shaktikanta Das, in his first TV interview with an international business channel since he took office in December 2018. Addressing the media at … Mumbai: India’s central bank Governor Shaktikanta Das has built up support on both sides of the political divide, making his position relatively safe under a new government no matter who wins the election. Das said he will now interact with stakeholders on liquidity and take internal feedback. The Reserve Bank of India (RBI) Governor, Shaktikanta Das labeled cryptocurrencies as completely ”worthless”. The RBI's Monetary Policy Committee (MPC) held key interest rates steady on February 10 and maintained an accommodative posture in its first policy meeting following the Union Budget 2022, as expected. Click Here to view the video of Shaktikanta Das’ biography. The Governor of India’s Central Bank said that cryptos have no underlying value. Shaktikanta Das: Sapna Das there, please. New Delhi: RBI Governor Shaktikanta Das on Wednesday raised an alarm over cryptocurrencies' rising craze in India's retail investors. Reserve Bank of India (RBI) Governor Shaktikanta Das believes the number of Indians said to have invested in cryptocurrencies is “highly exaggerated.”. He presides over the meetings of RBI's Central Board of … After the resignation of Urjit Patel from the post of the Governor of RBI, Shaktikanta Das was appointed as the 25th Governor of RBI by the Government of India on 11 December 2018. He is the Head of the Institution. New Delhi: Reserve Bank of India Governor Shaktikanta Das said an increase in interest rates by the US Federal Reserve was unlikely to cause any taper "tantrum" as it has given sufficient warning and India is well placed to handle any spillovers. Das said it is his "duty" to caution investors, and told them to keep in … Inflation number should not cause alarm: Shaktikanta Das. The Reserve Bank’s inflation projections, Das said, are “robust” but contingent on downside and … Further Update on 29th October 2021. The concerns are primarily stemming from a macroeconomic and financial stability perspective, Das said to Business Standard. Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018. The RBI reduced the reverse repo rate - the rate at which banks park their fund with the central bank - by 25 basis points to 3.75 per cent, to … New Delhi: The Reserve Bank of India Governor Shaktikanta Das on Monday said that the “momentum of inflation is on a downward slope” and the central bank would continue to strike a delicate balance between the need to contain price rise and ensure economic growth. "Cryptocurrencies are a very serious concern for the central bank. As an ex-career bureaucrat, Das has worked under administrations led by both Prime Minister Narendra Modi’s Bharatiya Janata Party and the opposition Indian … Shaktikanta Das Reserve Bank of India (RBI) Governor, Shaktikanta Das on September 9 said the central bank has "serious concerns" with regards to the financial stability of cryptocurrencies.Attending an event on September 8, the RBI chief said, "We have serious, major concerns on cryptocurrency w.r.t financial stability, have conveyed the same to government of … Reserve Bank of India (RBI) governor Shaktikanta Das will make an unscheduled address at 10 am on Wednesday, the central bank announced in the morning. View in App. He stated that they are staking their money at their own risk. RBI Governor Das flags 'serious concern' over cryptocurrencies. New Delhi: The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years upto December 2024. Finance Minister Nirmala Sitharaman in her Budget speech announced that the government will issue sovereign bonds to mobilise resources for green infrastructure. Governor Shaktikanta Das reiterated his views against allowing cryptocurrencies saying they are serious threat to any financial system since they are unregulated by central banks. After the resignation of Urjit Patel from the post of the Governor of RBI, Shaktikanta Das was appointed as the 25th Governor of RBI by the Government of India on 11 December 2018. The RBI governor has expressed his concerns for the second time in a week when the central government is looking forward to making measures to regularise it.

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