Just before the close of the conference, Governor Shaktikanta Das extended new financial year wishes to everyone. In my experience - and I may be corrected by more prolific followers of the RBI - this was the first time an RBI governor had done so. While this went largely unnoticed and the policy per se was non-event as expected, the significance of Das's wishes should not be lost. In my view this shows a paradigm shift in the RBI's approach towards economic management. Maybe it was the governor's way of conveying that today RBI recognises the importance of the financial year in the life cycle of banks and real-sector companies.
We may never know for sure, but given the deft communicator Das is, one would like to believe that not a single word in the policy statement is included without thought.
Another very important part of the governor's statement which largely went unnoticed by the media was that the recommendations of the Regulatory Review Authority (RRA 2.0) have been largely implemented by the RBI.
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Denne historien er fra April 22, 2024-utgaven av Business Standard.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.
Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
RBI's inflation caution may halt FMCG rally
Analysts suggest buying quality stocks on dips for long term
Indices close marginally higher
Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.
Oil gains after 2-day decline
Oil rose after a two-day decline as traders watched for an Israeli response to Iran's missile attack early last week, while US crude stockpiles expanded the most since April.
Pro-rata distribution mandate for AIFs likely to see tweaks
Final norms to ensure excuse, exclude provisions co-exist
Bernstein downgrades Indian stocks on valuation concerns
Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.