Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

RBI governor Shaktikanta Das stresses need to complete 'last mile' in disinflation to maintain credi.


Date: 06-09-2024
Subject: RBI governor Shaktikanta Das stresses need to complete 'last mile' in disinflation to maintain credi
RBI Governor Shaktikanta Das has emphasized the importance of addressing the 'last mile' in disinflation, a critical step in reducing inflation further. Speaking at a conference organized by FICCI and IBA, Das noted that while progress has been made, the central bank must successfully navigate this final stretch to uphold the credibility of India's monetary policy framework.

Das's comments are interpreted as a signal that the RBI might maintain its current interest rates longer than anticipated before considering a shift in its monetary policy stance. In earlier remarks, he had highlighted the challenges of managing inflation, particularly due to persistent food price hikes. He likened inflation to an "elephant in the room," explaining that although the elephant had left for a walk, the RBI's goal was to ensure it returned to the forest permanently.

Also Read: Lower Q1 GDP numbers a blip, no letup in growth, says RBI Governor Shaktikanta Das

At the conference, Das highlighted the resilience of the Indian economy. "The Indian economy is forging ahead with macroeconomic and financial stability, and a favourable growth-inflation balance," he said. He also pointed to the recovery in rural demand, a key driver of consumption, and the high levels of investor confidence. Additionally, banks and corporates were reported to have strong balance sheets, further bolstering the economy.


Das urged the private sector to take advantage of the current economic conditions by increasing investments, particularly in manufacturing and infrastructure. He suggested that banks and financial institutions develop customized financial products and services for MSMEs, including flexible credit options and better access to working capital, to support their growth and job creation.

Looking ahead, Das expressed optimism about India's economic trajectory, noting that structural factors like infrastructure development, digital public infrastructure, and innovation are increasingly driving the country's long-term growth.

 Source Name: Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 01-10-2024
Notification No. 18/2024 – Central Tax
Seeks to notify Principal Bench of GST Appellate Tribunal to hear cases of anti-profiteering

Date: 01-10-2024
Notification No. 19/2024 – Central Tax
Notification under Section 171 of CGST Act to provide for the sunset date.

Date: 30-09-2024
Notification No. 64/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 27-09-2024
NOTIFICATION No. 17/2024–Central Tax
Seeks to notify the provisions of Finance (No. 2) Act, 2024

Date: 27-09-2024
Notification No. 44/2024-Customs
Seeks to amend Export Duty on Certain Varieties of rice

Date: 26-09-2024
Notification No. 63/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 19-09-2024
Notification No. 62/2024-Customs (N.T.)
Amendment of Note 3 of Chapter 98 in the First Schedule to the Customs Tariff Act, 1975.

Date: 17-09-2024
Notification No. 25/2024-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 13-09-2024
Notification No. 61/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 06-09-2024
Notification No. 42/2024-Customs
Seeks to rescind Notification No. 26/2011-Customs, dated 01.03.2011



Exim Guru Copyright © 1999-2024 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001