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

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: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 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