The Lok Sabha elections in 2024 are not a consideration when it comes to monetary policymaking, said Reserve Bank of India governor Shaktikanta Das to underscore the central bank's commitment to controlling inflation. "It's not possible for me to comment what we do in the next MPC (Monetary Policy Committee), but one thing I can tell and I would like to make it very clear-that the fact of elections coming up in 2024 is not a factor at all so far as monetary policymaking is concerned. "Monetary policymaking is for checking (and) controlling inflation," Das said at the Business Standard, BFSI Insight Summit.
Tamil Nadu Governor R N Ravi on Thursday staged an unprecedented walkout from the state assembly following a face-off with Chief Minister M K Stalin over the former's customary address to members of the house in its first session of the year.
The chief minister accused the Governor of interfering in the state government's affairs and, replying to Purohit's letter made public Monday, indirectly questioned his credentials for the post.
"Sir Syed Ahmed Khan once said that I do not think Hindu is a religious term, it is a geographical term. Anyone who is born in India eats food grown in India or drinks water from Indian rivers deserves to be called a Hindu," he said.
Shinde also said that the Governor occupies a constitutional post and he should be careful about not offending anyone through his statements.
The DMK and its allies submitted a list of pending assembly bills with the Raj Bhavan.
RBI Governor Shaktikanta Das on Wednesday replied to the 'history major central bank governor' taunt faced by him, questioning if Argentinian football legend Lionel Messi is also a post-graduate in history. An interviewer anchoring a fireside chat at a summit organised by Business Standard compared his position to an opponent facing Messi at a football arena in Qatar, to which Das replied with wit. "Don't mind it, but was Messi also a post-graduate in history? Not often, but I am sometimes reminded by people that I am supposed to have done history," Das said.
Reserve Bank Governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some "dent" to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box". It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.
Tamilisai Soundararajan, who assumed office as Governor in 2019, has been accusing the state government of not adhering to protocol with regard to her office.
Jharkhand Governor Ramesh Bais is likely to send the order of disqualification of Chief Minister Hemant Soren as an MLA to the Election Commission of India (ECI) on Saturday, Raj Bhavan sources said.
The hashtag was trending on Twitter on Monday following Ravi's face-off with the state government in the Assembly where Stalin, also president of the ruling DMK piloted a resolution against the Governor's deviation from his customary address to the Legislature and retain the draft prepared by his government.
Speaking at an event over the weekend, Koshyari had said Chhatrapati Shivaji Maharaj was an icon of the 'olden days'.
Gaikwad claimed that Koshyari had made statements about the founder of the Maratha Empire and stoked controversy in the past as well.
Reserve Bank Governor Shaktikanta Das on Friday said the rupee is holding up relatively well when compared to the currencies of emerging market peers and advanced economies. Days after the domestic currency breached the 80-level against the dollar, Das said Reserve Bank of India (RBI) has zero tolerance for volatile and bumpy movement in the rupee and added that the central bank actions have helped in smoother movement. He said RBI has been supplying US dollars to the market to ensure adequate supply of liquidity and also clarified that the central bank does not target a particular level for the currency.
Sangma will go to Raj Bhawan at 11:30 am on Friday and meet the governor to apprise him of the assembly election results, the official said.
Reserve Bank of India's former governor Raghuram Rajan on Wednesday joined Rahul Gandhi during the Congress-led Bharat Jodo Yatra in Rajasthan.
Kerala Governor Arif Mohammed Khan has written to Chief Minister Pinarayi Vijayan seeking 'constitutionally appropriate' action against Finance Minister K N Balagopal for making a speech 'undermining unity', a demand turned down by the CM.
Kerala Governor Arif Mohammed Khan's move to seek the resignation of vice-chancellors of nine universities has kicked up a huge political storm in the southern state with Chief Minister Pinarayi Vijayan on Monday issuing a stern warning to the Constitutional head asking him not to cross the limits of his powers.
Kannur University Vice-Chancellor Gopinath Ravindran on Monday said that he will not tender his resignation as sought by Kerala Governor Arif Mohammad Khan, who had a day earlier sought the resignation of vice chancellors of nine universities in the state.
The row erupted after Purohit wrote a letter to Mann asking for details on the selection of government school principals sent to Singapore for a training seminar, saying he has received complaints of "malpractices and illegalities".
Purohit said he had invited Mann for the civic reception.
Reserve Bank Governor Shaktikanta Das will hold a meeting with CEOs of public sector banks on Wednesday to discuss issues concerning slow deposit growth and sustainability of high credit demand. As per the Reserve Bank of India (RBI) data, deposits rose by 9.6 per cent as compared to 10.2 per cent on a year-on-year basis, while credit offtake witnessed a jump of 17.9 per cent as against 6.5 per cent a year ago. According to an agenda circulated for the meeting, sources said, sustainability, including pricing and slow growth of deposits, would be discussed.
After a photoshoot with the artistes, the CM settled down for tea with the Governor.
However, it is unlikely for Khan to promulgate the ordinance soon as the tussle between him and the state government over the issue was yet to die down, sources added.
The Opposition is also expected to target the Eknath Shinde-led government on shifting of mega projects like Foxconn to Gujarat, according to political observers.
Senior lawyer Kapil Sibal told a five-judge constitution bench headed by Chief Justice DY Chandrachud that Koshyari had sworn in Shinde without even asking him which party he and the other legislators supporting him belonged to.
As his statement made during an event on Friday evening kicked up a row with political parties objecting to it, the Governor on Saturday said his comments were 'misconstrued', and also made it clear that he had 'no intention of belittling the hard work of the Marathi-speaking people in the progress and development of Maharashtra'.
"I am so deeply disappointed that the whole political leadership is silent about it. And not just the political leadership, even the others are silent about it. I appeal to the national leadership of every party to come forward and protect the honour and dignity of our daughters," Khan said while speaking to reporters in Thiruvananthapuram.
Amid prolonged uncertainty, continued policy support will be crucial for sustained economic recovery from the coronavirus pandemic, Reserve Bank Governor Shaktikanta Das said at the recent meeting of the Monetary Policy Committee. "In this period of prolonged uncertainty, it would be wise to remain agile and respond in a gradual, calibrated and well telegraphed manner to the emerging challenges," opined Das, according to the minutes of the MPC meeting released by the Reserve Bank on Thursday. Observing that economic recovery from the pandemic remains incomplete and uneven, he said, "continued support from various policies remains crucial for a sustained recovery." The governor said the renewed surge in international crude oil prices, however, requires close monitoring.
Stating that the ruling coalition is ready to face any situation, Congress leader and minister Banna Gupta requested the governor to clear the confusion.
The EC is believed to have told the Governor that Soren should be 'disqualified' as a legislator for violating electoral norms, they said.
Noting that Muslim girls are doing "so well" everywhere and so they need encouragement, Khan also said they do not need to be pushed down.
Prorogation is discontinuing a session of Parliament or a legislative assembly without dissolving it.
He also claimed that the people were asking are all the jobs under Kerala government reserved for cadres and the university jobs for powerful people in Thiruvananthapuram.
With this, the police has nabbed an 18-year-old man and three children in conflict with law (juveniles) in connection with the case.
Kerala Chief Minister Pinarayi Vijayan on Monday lashed out at Governor Arif Mohammed Khan for seeking resignation of vice chancellors of nine universities in the state.
RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses, in the face of challenges brought on by the pandemic. Earlier this month, the governor had held a similar meeting with MD and CEOs of public sector banks. During the meeting with the MD and CEOs of select private sector banks, Das also impressed upon the banks to quickly and swiftly implement the measures announced by the RBI on May 5, 2021, in right earnest.
To a query on the possibility of approaching court, Machado said that has not been decided, but it would be one of the options to stop the promulgation of the ordinance.
Maharashtra Governor Bhagat Singh Koshyari has written to Union Home Secretary Ajay Kumar Bhalla requesting that the adequate provision of Central security forces be made and kept ready if needed, and alleged that police remained a 'mute spectator' while offices and homes of some dissident MLAs were vandalised.
Reserve Bank Governor Shaktikanta Das on Thursday said cryptocurrencies are a "threat to macroeconomic and financial stability" and cautioned investors against punting on them, days after the Union government's move to tax the gains made from cryptocurrency trades. In the Union Budget for 2022-23 presented in Parliament on February 1, the government proposed levying a 30 per cent tax on gains made on cryptocurrency trades by investors and the announcement was welcomed by cryptocurrency industry players, saying it legitimises their trades. Das invoked the 17th century 'tulip mania', widely considered to be the first financial bubble, to caution investors, saying the cryptocurrencies do not even possess the value of the exotic flower.
