New Delhi: Expressing sadness over RBI Governor Urjit Patel’s resignation, former Prime Minister Manmohan Singh on Monday said Patel’s sudden decision to demit office is a severe blow to the Indian economy. In a statement, Singh described Patel as an “economist of high repute and also someone who cared deeply[Read More…]
Tag: RBI Governor Urjit Patel
RBI Governor called by parliamentary panel on May 17
New Delhi: A parliamentary panel has called RBI Governor Urjit Patel on May 17 to answer queries on banking frauds and the powers that the central bank needs for better regulation of public sector banks (PSBs). Sources said the decision was taken at a meeting of the Standing Committee on Finance,[Read More…]
Reserve Bank of India cuts down interest rate to 6%
The Reserve Bank of India (RBI) has reduced the key policy rate or the repo rate by 25 Basis Points (bps) to 6% in its third monetary policy review on Wednesday, as retail inflation softened. This is the second rate cut by the Monetary Policy Committee (MPC) since its inception in[Read More…]