The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth.
Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Sanjay Malhotra, another civil servant, was named as Das' successor barely 24-hour before the latter's second three-year term came to an end.
The Reserve Bank of India (RBI) under Das kept interest rates unchanged for almost two years even when economic growth slipped to a seven-quarter low in July-September quarter of the current fiscal.
Esta historia es de la edición December 23, 2024 de The Free Press Journal - Indore.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 23, 2024 de The Free Press Journal - Indore.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Aligarh's Jama Masjid built on site of ancient temples, claims RTI activist; files petition
An RTI activist has filed a petition in a Civil Court in Aligarh, alleging that the Jama Masjid in the city had been constructed where Buddhist, Jain, and Hindu temples once stood.
IAF chief flags delay in delivery of Tejas
Chief of Air Staff, Air Chief Marshal AP Singh, flagged delays in the delivery of the Tejas fighter aircraft into service, calling for increased private partnership in developing defence products and providing more funds for Research and Development (R&D).
UP Govt to Reclaim Land Taken Under Waqf: Yogi
NO COMPROMISE | 'My government has amended Waqf Act and is actively investigating all occupied land'
Hair today, gone tomorrow: Villages in Maha wake up to baldness
BULDHANA
'Vande Mataram' should be our National Anthem: Ramgiri Maharaj
Religious leader Ramgiri Maharaj has said that 'Vande Mataram' should be India's national anthem.
PM Modi, Naidu & Kalyan's Mega Roadshow in Vizag
Prime Minister Narendra Modi with Andhra Pradesh Chief Minister N. Chandrababu Naidu and Deputy Chief Minister Pawan Kalyan held a huge roadshow here on Thursday evening.
Sheeshmahal vs Rajmahal
'I challenge you' P Sanjay Singh challenged BJP to allow media to visit PM's residence, says he owns expensive pens, 67 pairs of shows and diamond studded chandeliers worth Rs 200 crore
AAP, Cong Fighting Separately Not Unnatural
Delhi Elections: A day after SP, Trinamool Cong backs AAP
WR's Mumbai's 1st women-only maintenance team at Mahalaxmi Traction Substation
In a ground-breaking initiative that underscores the changing dynamics of society and the belief that success knows no gender, the Mumbai Suburban Traction (TRD) department of Western Railway has formed an exclusive all-women maintenance team.
Indigenous vehicles inducted for use by Indian Battalion deployed under UNIFIL
In a significant step towards promoting indigenous capabilities and strengthening operational efficiency, 62 Indian-manufactured vehicles are set to reach Lebanon for utilisation by the Indian contingent deployed in the United Nations Interim Force in Lebanon (UNIFIL).
