Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Govt, RBI must work more closely to boost growth, ensure systemic stability: Shaktikanta Das >
  5. Govt, RBI must work more closely to boost growth, ensure systemic stability: Shaktikanta Das

Online Export Import Data Search

recentSearch
Complete Training Video : Click Here

Govt, RBI must work more closely to boost growth, ensure systemic stability: Shaktikanta Das.


Date: 28-06-2019
Subject: Govt, RBI must work more closely to boost growth, ensure systemic stability: Shaktikanta Das
Governor Shaktikanta Das June 27 called for more cooperation between the government and the Reserve Bank to help boost the sagging growth engine and to ensure systemic stability.

A dip in consumption and private investment has exerted pressure on the fiscal math, the governor said in his foreword to the bi-annual Financial Stability Report released this evening.

Concerted efforts are required to revive private investment and the government needs to continue with economic reforms, Das said.

On the positive side, Das, who has delivered three consecutive rate cuts of 0.75 percent this year bringing down the key repo rate to a nine-year low of 5.75 percent, said the lower inflation and the moderate outlook on the same can help alleviate the constraints to the fiscal numbers.


"Overall, the situation warrants greater cooperation internationally as well as monetary and fiscal coordination domestically to ensure systemic stability," Das said.

He said companies in the crisis-hit non-banking finance companies need to develop on "prudent lines" and focus on asset liability management.

The shadow banks also need to focus on their strengths, by harnessing their expertise that has helped them grow, he said.

"The Reserve Bank is reinforcing the regulatory and supervisory framework to help them better adapt to the evolving scenario," he said.

It can be noted that the asset liability mismatches, wherein the NBFCs borrowed short term to create long-term assets, was blamed as the primary reason for the pains in the segment that started with the crisis at infra lender IL&FS last September.

Das said there has been an improvement in the performance of the state-run lenders due to recapitalisation with both provision coverage ratios and capital buffers showing an uptick.

But he underlined the need for PSBs to be "specially focusing" on governance reforms and strengthening their balance sheets.

"The proof of the pudding lies in the public sector banks' ability to attract private capital through market discipline rather than being overly dependent on the government for capital," he said.

Source: moneycontrol.com


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: 13-08-2019
Notification No.59/2019 - Customs (N.T.)
Exchange Rates Notification No.59/2019-Custom(NT) dated 13.08.2019.

Date: 13-08-2019
Instruction No. 03/2019-Customs
Recovery of Export benefits given under incentive and Reward Schemes under Chapter 3 of FTP on re-import of export goods.

Date: 10-08-2019
NOTIFICATION No. 32/2019-Customs (ADD)
Seeks to impose anti-dumping duty on imports of "Homopolymer of vinyl chloride monomer (suspension grade)" originating in or exported from China PR and USA for 30 months with effect from 13th August, 2019, in pursuance of SSR investigation by DGTR.

Date: 08-08-2019
Notification No. 57/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver.

Date: 08-08-2019
Trade Notice 29/2019-20
Online filling of applications for claiming assistance under Transport and Marketing Assistance (TMA) for Specified Agriculture Products Schem

Date: 08-08-2019
Notification No. 58/ 2019-Customs (N.T.)
Further amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997

Date: 08-08-2019
Circular No. 24/2019-Customs
Clarification regarding applicability of All Industry Rates of duty drawback while fixing Brand Rate of duty drawback in post GST era.

Date: 06-08-2019
Notification No. 31/2019-Customs(ADD)
seeks to amend notification No.12/2019-Customs (ADD) dated the 26.02.2019 as per Corrigenda issued by Designated Authority vide notification F. No. 6/45/2017-DGAD 31.05.2019.

Date: 05-08-2019
Notification No. 56/2019 - Customs (N.T.)
Exchange Rates Notification No.56/2019-Custom (NT) dated 05.08.2019

Date: 05-08-2019
Notification No. 33/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI



Exim Guru Copyright © 1999-2019 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 Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001