Shaktikanta Das said the economy has the potential to grow at a reasonably high pace, provided private capital investment resumes
The central bank is for an outright ban, government wants some form of regulation
The government has reappointed Das as the governor of the central bank for a period of three years beyond December 10, 2021
The retail inflation has started to move down after being above 6% in May and June. In September, the inflation was ruling at 4.35%
CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.
Repo rate is the rate at which the RBI provides liquidity to banks to overcome short-term mismatches.
Repo rate and reverse repo rate have been kept unchanged along with accommodative stance
He noted that there would be a need to guard against any emergence of the digital divide, as digitisation gains speed after the pandemic
It is expected that the economic growth will improve from the second quarter onwards and the ill effects of Covid-19 on the economy are declining.
Reserve Bank governor Shaktikanta Das underlined the need for closely monitoring the price situation with a view to anchoring inflation expectations