look news india
Mumbai: Shaktikanta Das, who retired from the post of Governor of Reserve Bank of India (RBI) today, said while talking to journalists that establishing a balance between inflation and growth will be an important task for the Reserve Bank in future.
Addressing his last press conference today after spending six years as RBI governor, Das said his successor will have to navigate the changing world order and effectively deal with cyber threats and focus on the use of new technologies. Have to concentrate.
He expected the new Governor Sanjay Malhotra to take forward the Reserve Bank’s initiatives like CBDC and ULI besides promoting financial inclusion. Speaking about the challenges before the Reserve Bank, Das said that the Reserve Bank has an important task of maintaining a balance between inflation and growth. The country’s economy is flexible and strong to effectively face global challenges.
Revenue Secretary Sanjay Malhotra, who became the new governor in place of Das, will assume his post on Wednesday. In the last six years, the coordination between the Reserve Bank and the Finance Ministry has been excellent. There were occasional differences between the Finance Ministry and the Reserve Bank, but these were resolved through internal discussions during his tenure.
Responding to a question, Das said, economic growth is affected not only by the repo rate but also by other factors.
