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Shaktikanta Das News
Old Rs 500 notes' use ends at midnight of Dec 15, not Dec 14: FinMin
Wed, Dec 14, 2016
After Thursday midnight, Rs 500 notes would no longer be allowed to be used for the list of exemptions the government had announced.
Demonetisation: Govt reduces withdrawal limit, eases rules for farmers
Thu, Nov 17, 2016
Department of Economic Affairs (DEA)'s Secretary, Shaktikanta Das on Thursday announced new rules pertaining to the demonetisation move by the government. The rules include the following: 1. Exchange of old currencies have been reduced to Rs 2000 from Rs 4500 from November 18.
Demonetisation: Banks to use indelible ink to ensure people change cash only once
Tue, Nov 15, 2016
Under the so-called demonetisation scheme, people are allowed to exchange up to 4,500 rupees once only.
Now, you can pay water, electricity bills using old Rs 500, Rs 1,000 notes
Thu, Nov 10, 2016
The old notes can be used for making payment of utility services such as water, electricity, taxes, charges, penalties to central and state governments.
RBI issues new series of Rs 500, Rs 2,000 currency notes
Wed, Nov 09, 2016
Hours after Prime Minister Narendra Modi on Tuesday announced the demonetisation of high value notes, the Reserve Bank of India (RBI) on Tuesday issued new series of notes for the Rs 500 and Rs 2,000 denomination with improved features and newer sizes.
New Rs 500, Rs 2000 notes: Here are the new features
Tue, Nov 08, 2016
Patel said that RBI was concerned about growing menace of fake Indian currency notes which has been increasing in numbers.
RBI to provide new currency notes soon, increased production: Urjit Patel
Tue, Nov 08, 2016
After the announcement by Prime Minister Narendra Modi to stop Rs 1000 and Rs 500 notes as legal tender, Reserve Bank of India (RBI) Governor Urjit Patel said that RBI has increased the production and trying to provide new currency notes as soon as possible.
India to be able to present Union Budget around February 1: Shaktikanta Das
Fri, Nov 04, 2016
The Government of India is likely to present the Union Budget 2017-18 by around February 1 next year, said economic affairs secretary Shaktikanta Das in an interview to a television channel on Thursday.
FM Jaitley says India on path to achieve financial inclusion
Sun, Oct 09, 2016
Das also met the president of the New Development Bank and the CEOs of the Luxembourg Stock Exchange and Scotia Bank.
India's FX, stock markets to stabilise within days: Shaktikanta Das
Thu, Sep 29, 2016
India's rupee and stock markets will stabilise in a few days, Economic Affairs Secretary Shaktikanta Das said on Thursday, following a sharp fall in the markets after India launched attacks on suspected militants.
Indian bond market at critical stage: Shaktikanta Das
Tue, Sep 27, 2016
Shaktikanta Das, Joint Secretary of Department of Economic Affairs said,"Indian bond is in critical stage and more need to be done for making more vibrant. Global economic situation is volatile. "
FIPB to take up 15 foreign investment proposals on September 26
Sun, Sep 18, 2016
FIPB will decide on 15 foreign investment proposals, including that of Idea Cellular Infrastructure Services and Sharekhan, on September 26.
Nirmala Sitharaman rubbishes rupee devaluation claims
Thu, Sep 15, 2016
Indian Rupee (INR) fell to its two-week low of Rs 67.065 as media reports suggested that Indian Government might look to devalue the currency.
India Inc believes growth number today is likely to spring up a surprise
Wed, Aug 31, 2016
Looking at the prediction, India Inc hopes for a slight pick-up in GDP (Gross Domestic Product) this fiscal between the range of 7.5%-7.8%.
Raghuram Rajan to conduct last independent monetary policy update by RBI Governor on Aug 9
Sun, Aug 07, 2016
Raghuram Rajan will on Tuesday conduct what will be his last monetary policy update for the Reserve Bank of India (RBI) and also, perhaps, the last that a central bank governor can henceforth undertake independently.
RBI Governor race: SBI's head Arundhati Bhattacharya keeps guesswork alive
Fri, Jul 29, 2016
Keeping the guessing game going, SBI Chairperson Arundhati Bhattacharya on Friday stated that her name being considered for RBI Governor's position is media speculation as she is "not saying anything" on it.
Raghuram Rajan's successor likely to be announced after PM Modi's Africa tour
Tue, Jul 05, 2016
Rajan's three-year term will come to an end on September 4, as he last month announced that he would return to academia and not seek a second term.
Finance Ministry defends Shaktikanta Das on allegations of land allocation at below market rates
Tue, Jul 05, 2016
In a post on its Facebook page the spokesperson of the Finance Ministry said that the allegation is totally false and mischievous.
PM Modi breaks his silence; defends Rajan against Swamy
Mon, Jun 27, 2016
Calling Rajan "no less patriotic", he virtually ticked off Swamy saying "if anybody considers himself above the system then it is wrong".
Monetary policy committee rules to be notified in few weeks: Shaktikanta Das
Sun, Jun 26, 2016
Members of the MPC will be appointed for a period of four years and will not be eligible for reappointment.