RBI watchful of emerging risks; be cautious of tech disruptions: Guv Shaktikanta Das
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
Das said the matrix of financial stability is perhaps at its best, but the real challenge is to maintain it and improve upon it further.
Central banks remain steadfast and data-dependent in their fight against inflation.
The Reserve Bank said that Paytm was given sufficient time for compliance with the norms.
It is proposed to streamline the onboarding process, including mandatory due diligence, for AePS touchpoint operators, to be followed by the banks, the Governor said.
RBI Governor Shaktikanta Das attributed comfortable inflation and firm growth dynamics as the reasons behind keeping the repo rate unchanged.
Oddly enough, India's improved ranking coincides with an extraordinary discord within the premier investigative agency called the Central Bureau of Investigation and between the Centre and the Reserve Bank of India. Fringe elements in the political spectrum have disrupted business activity in Gujarat, Maharashtra and elsewhere, upsetting free movement of labour.
Administrative inaction and sabotage of criminal investigation even in cases of corruption are distressing features of governance at the State level. Citizens' rights are trampled upon without any accountability. Public representatives assault public officials with impunity and get away without political or legal accountability. Abuse of public office in administrative matters like transfers, promotions, disciplinary action, in appointments to corporations, committees, commissions, boards is rampant.
The governor's decision to bring the J-K bank under the purview of RTI has become a topic of debate in the state.
Common parlance has every gubernatorial appointment being hailed as someone being “elevated” to that exalted position, in the Indian system…
The Indian rupee on Friday closed at 71.85, recovering 34 paise from its previous close of 72.19 per greenback.
