Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC). 'Broadly overall macro-economic issues and the state of the economy were discussed in details. There were some inter-regulatory issues which were also discussed. We also discussed about cybersecurity issues that were one important component of the discussion,' Reserve Bank of India (RBI) Governor Shaktikanta Das told reporters after the meeting.
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Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC). 'Broadly overall macro-economic issues and the state of the economy were discussed in details. There were some inter-regulatory issues which were also discussed. We also discussed about cybersecurity issues that were one important component of the discussion,' Reserve Bank of India (RBI) Governor Shaktikanta Das told reporters after the meeting.
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RBI has decided to transfer a surplus of 1.76 lk cr - almost double the estimated figure for FY20. ET NOW spoke to former RBI Guv Rakesh Mohan on the mechanics behind the decision. He is confident that RBI's balancesheet is in good shape, even after the capital transfer. Listen in!
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Reserve Bank Governor Shaktikanta Das on Thursday said it is closely monitoring the situation at scam-hit PMC Bank and a forensic audit is underway. He said co-operative societies amendment act is being worked on. 'PMC Bank situation is being closely monitored. Forensic audit is underway in PMC Bank case,' Das told reporters after a meeting of the Financial Stability and Development Council (FSDC) here.
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Hours after ruling Trinamool Congress MP Mahua Moitra levelled charges of 'extensive nepotism' inside the Kolkata Raj Bhavan orchestrated by Jagdeep Dhankar and dared him to sue her for the disclosures, the West Bengal Governor denied the charges as 'factually incorrect'.
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