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Manufacturing, MSMEs spearheading India s economic: RBI

The manufacturing sector and micro, small and medium enterprises (MSME) are spearheading economic growth in the country after the outbreak of Covid-19 while many contact-intensive services sub-sectors remain severely affected by the crisis.

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India at cusp of turnaround in fortunes, says RBI governor: Key points

India at cusp of turnaround in fortunes, says RBI governor: Key points Top Searches India at cusp of turnaround in fortunes, says RBI governor: Key points TIMESOFINDIA.COM / Updated: Feb 25, 2021, 13:11 IST FacebookTwitterLinkedinEMail NEW DELHI: Reserve Bank of India governor Shaktikanta Das on Thursday said that India is at the cusp of turnaround in fortunes with sectors recovering from Covid-induced slowdowns. Addressing the 185th foundation day of Bombay Chamber of Commerce, Das noted that manufacturing sector has shown good recovery and is spearheading growth. Highlighting that India now supplies more than half of the global demand for vaccines, the RBI governor emphasised that corporate sector needs to invest more in healthcare to create skill and scale.

Shaktikanta dasBombay chamberReserve bankBusiness newsRbi governorManufacturing sectorIndia economy growthIndia economyகுண்டு அறைஇருப்பு வங்கிவணிக செய்திர்பீ கவர்னர்உற்பத்தி துறைஇந்தியா பொருளாதாரம் வளர்ச்சிஇந்தியா பொருளாதாரம்

RBI s asset purchases did not dilute its balance sheet: Governor

In the wake of the pandemic, the RBI undertook several conventional and unconventional measures. Unlike many central banks, the RBI s asset purchases did not dilute its balance sheet and hence, did not compromise on core principles of central banking, Das said while addressing an event organised by the Bombay Chamber of Commerce. These purchases were confined to risk-free sovereign (government) bonds including state government securities only, he said. Other than conventional measures, RBI introduced long term repo operations (LTROs) and targeted long term repo operations (TLTROs) to augment the system as well as sector-specific liquidity to meet sectoral credit needs and alleviate stress, he said.

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Need coordinated action between centre, states on tax reduction in fuel prices: RBI Governor – IBC World News

Need coordinated action between centre, states on tax reduction in fuel prices: RBI Governor – IBC World News
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Battle of 2020 won at heavy cost, but Covid war still on: Shaktikanta Das

Shaktikanta Das said that the recent spike in COVID-19 cases in some parts of the country needs to be contained and that it is important to remain vigilant and steadfast going ahead.

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