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.
Denne historien er fra December 23, 2024-utgaven av The Free Press Journal - Indore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 23, 2024-utgaven av The Free Press Journal - Indore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
3rd Inter-school Badminton Championship @NDPS
The third Inter-School Badminton Championship is being held at New Digambar Public School (NDPS).
Bal Tarang and Pratibha Samman Samaroh
New Pink Flower Higher Secondary School, Indore, held its 29th Annual Function and Award Ceremony, titled Bal Tarang and Pratibha Samman Samaroh at the Ravindra Natya Grih.
Cultural events & award ceremony mark annual fest
Annual Function of Laurels School International, Indore, was celebrated with great zeal and grandeur.
DUBAI TO HOST INDIA-PAK MATCHES
CHAMPIONS TROPHY
36CR INDIANS COVERED BY GOVT HEALTH INSURANCE
31K HOSPITALS EMPANELLED
Modi meets yoga influencer in Kuwait
TALKS ABOUT FURTHER POPULARISING YOGA
Why Whisper?
Contrary to its name, Whisper has never been hush-hush about the subject of menstruation.
THE AUDIENCE PRIVACY DILEMMA
People want to feel respected, and they'll reward brands that treat them as partners, not data points, says the author.
Game Changer vibes
Ram Charan and Kiara Advani showcase energetic moves in Game Changer's song Dhop
Diljit denies blocking AP on social media
Punjabi music star Diljit Dosanjh says he can have issues with the government but not with fellow artists as he denied AP Dhillon's allegations that he had blocked the singer on social media.
