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Web Server Hosting 'Disruptions In Hormuz Likely To Impact Growth': RBI Governor During MPC Meeting http://dlvr.it/TRwZVG Arise Server
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RBI Governor meeting: RBI Governor meets CM Revanth… Praise!
RBI Governor meeting : तेलंगाना की आर्थिक नीतियों पर RBI गवर्नर की सराहना. बिजली सुधार और BUDS कानून पर चर्चा...
After a detailed assessment of the evolving macroeconomic conditions and outlook, the MPC voted unanimously to reduce the policy repo rate by 25 basis points to 5.25 per cent, with immediate effect – Sanjay Malhotra, RBI Governor
The Reserve Bank of India has announced a 25 basis points reduction in the policy repo rate, bringing it down to 5.25 per cent. The decision was communicated by RBI Governor Sanjay Malhotra after the conclusion of the three-day Monetary Policy Committee (MPC) meeting held from December 3 to 5. Read More....
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Keeping Fingers Crossed : Monetary Policy Committee Meeting From December 3-5 ; All Eyes On The Interest Rate
The RBI may trim the benchmark lending rate by 25 bps in its forthcoming monetary policy meeting, as inflationary pressures are subdued, though some experts believe the central bank is likely to keep the rate unchanged in the backdrop of better-than-expected GDP growth of 8.2 percent in the second quarter.Read More....
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Latest News: Sanjay Malhotra: RBI Governor says interest rates are likely to fall
Sanjay Malhotra: ఒకవేళ డిసెంబర్లో 25 బేసిస్ పాయింట్లు తగ్గిస్తే అది 5.25 శాతానికి చేరుతుంది. అదే జరిగితే గృహ, వాహన, ఇతర రుణాలపై,
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Newly appointed RBI Governor Sanjay Malhotra has said the central bank will maintain continuity and stability in policy matters, but emphasi
IAS Officer to New RBI Governor: Key Achievements of Sanjay Malhotra
Sanjay Malhotra, a distinguished 1990-batch IAS officer from the Rajasthan cadre, will take over as the 26th Governor of the Reserve Bank of India (RBI) on December 11, 2024. Replacing Shaktikanta Das, who served as the 25th Governor for six years, Malhotra brings over three decades of experience in governance and economic policymaking. Despite all these, people want to learn more about new RBI chief, Who is Sanjay Malhotra. Born on February 14, 1968, Malhotra holds a Bachelor’s degree in Computer Science from IIT Kanpur and a Master’s in Public Policy from Princeton University, USA. This unique combination of technical and policy expertise has enabled him to excel across diverse sectors, including finance, taxation, power, and information technology. Personal Information - Date of Birth: February 14, 1968 - Place: Bikaner, Rajasthan, India - Education: - B.Tech. in Computer Science & Engineering from IIT Kanpur (1989) - Master’s in Public Policy from Princeton University, USA Career Timeline - 1990: Joined the Indian Administrative Service (Rajasthan Cadre). - 2000–2003: - Served as Secretary to the Minister of State for Space and Minister of State for MSMEs. - Gained early exposure to national-level policymaking. - 2018–2020: - The RBI New Governor also Worked as Project Coordinator with the United Nations Industrial Development Organisation (UNIDO). - Focused on industrial development, showcasing his capability to handle global assignments. - 2020–2021: - Appointed as Secretary in the Ministry of Power, where he contributed to major power sector reforms and improved energy efficiency. - 2020–2022: - Served as Chairman and Managing Director of Rural Electrification Corporation (REC) Ltd. - The all new RBI Governor has also played a key role in financing and implementing large-scale energy projects across India. - 2022–2024: - Held the position of Revenue Secretary, Ministry of Finance, during which he achieved significant milestones: - Rationalized capital gains tax in the Union Budget. - Streamlined tax slabs to encourage migration to the new tax regime. - Removed the windfall gains tax, benefiting the oil and gas sector. Key Contributions - Economic Reforms: - Spearheaded capital gains tax rationalization and introduced policies to simplify the tax regime. - Enhanced India’s revenue growth, with direct tax collections increasing by 17% in FY 2022-23. - Banking Sector Leadership: - Oversaw a ₹2.11 lakh crore recapitalization of public sector banks while serving as Secretary in the Department of Financial Services. - Infrastructure Development: - Improved rural connectivity and irrigation systems during his tenure in Rajasthan, achieving a 12% rise in connectivity and 18% growth in irrigation access. - Power Sector Reforms: - Focused on energy-efficient initiatives and reduced state energy costs by 22% while leading REC and the Ministry of Power. - Global and Strategic Roles: - His experience with UNIDO added an international perspective to his work, making him adept at balancing global economic priorities with national goals. Sanjay Malhotra is appointed as the 26th Governor of the Reserve Bank of India pic.twitter.com/eK2m3z32ay— Upsc Civil Services Exam (@UpscforAll) December 9, 2024 As the 26th Governor of the RBI, Malhotra faces the critical tasks of managing inflation, fostering economic growth, and ensuring financial stability. His extensive experience across finance, policy, and governance positions him as a capable leader to navigate these challenges as a new Reserve Bank of India Governor. Read the full article
RBI Governor Raghuram Rajan's Vision for India's Workforce
Raghuram Rajan, the former RBI governor, recently talked about how India is missing out on the benefits of its young population, known as the demographic dividend. He explained that this demographic dividend happens when a large proportion of the population is of working age, leading to potential economic growth.
However, Rajan pointed out that India's current economic growth rate of around 6% is not as high as it could be, especially compared to China and Korea when they were going through their demographic dividends. He mentioned that this lower growth is because many young people in India are not getting the jobs they need to contribute to the economy.
To make the most of India's demographic dividend, Rajan suggested two key things. First, he said that we need to improve the skills of young people so that they can do the jobs that are available. Second, he suggested that we need to create more jobs, especially in sectors where there is a lot of potential for growth.
Rajan also talked about how some government policies, like subsidies for chip manufacturing, might not be the best way to create jobs. Instead, he suggested focusing on industries like leather, which can create a lot of jobs.
In conclusion, Rajan emphasized the importance of creating more opportunities for young people in India. He said that if we can improve their skills and create more jobs, we can make sure that India's young population becomes a driving force for economic growth.