Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • Featured

‘Economy More Resilient Now Vs. Global Financial Crisis’

Aug 29, 2020 | Pratirodh Bureau

FILE PHOTO: RBI Governor Shaktikanta Das arrives at a news conference after a monetary policy review in Mumbai on February 6, 2020

The Indian economy remains much stronger amid the coronavirus pandemic than it was during the global financial crisis over a decade ago, even if growth has slowed, Reserve Bank of India (RBI) Governor Shaktikanta Das has said.

Speaking at an event organised by the Business Standard newspaper, Das said factors like an improved debt-to-gross domestic product ratio, an in-check fiscal deficit, well-controlled inflation and a sharply better current account were all positive for the economy.

“In several aspects, the Indian economy and financial sector this time around was far more resilient than what it was during the global financial crisis,” Das said.

Data due later this month, however, is expected to show the world’s fifth-largest economy contracted 20% in the April-June quarter, according to a Reuters poll, as strict nationwide lockdowns to curb the spread of COVID-19 stalled economic activities.

The RBI has so far refrained from providing any official forecast on growth or inflation and is among the few central banks globally not to do so.

“The central bank doesn’t have the luxury of giving one number today and modifying it one or two months down the road,” said Das.

“Once there is some amount of clarity about the COVID curve or the other aspects around COVID, then RBI will certainly start giving the numbers,” he added.

Das said India’s financial sector continues to be sound and stable, but more can and needs to be done in terms of banking sector reforms, he added, stressing the need for better governance culture and risk management practices at banks.

He said the RBI has asked banks to build strong buffers and raise capital at a time when bad loans are expected to rise.

Tags: coronavirus pandemic, COVID-19, global financial crisis, governance culture, Indian economy, nationwide lockdowns, Pratirodh, RBI, RBI Governor Shaktikanta Das, Reserve Bank of India, risk management practices

Continue Reading

Previous ‘Putin, Have Some Tea’: Anti-Kremlin Protests Held In Russia
Next India Records Another Surge In Daily Covid-19 Cases

More Stories

  • Featured

No Link With Udaipur Killing Accused: Raj BJP Minority Wing

11 hours ago Pratirodh Bureau
  • Featured

Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict

16 hours ago Shalini
  • Featured

Floods In Assam Lead To Massive Destruction, Cripple Life

19 hours ago Pratirodh Bureau

Recent Posts

  • No Link With Udaipur Killing Accused: Raj BJP Minority Wing
  • Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict
  • Floods In Assam Lead To Massive Destruction, Cripple Life
  • Delhi HC Notice To Police On Zubair’s Plea
  • ‘Why Different Treatment For Farmers & Large Businesses?’
  • Ban On Single-Use Plastic Items Kicks In
  • Improving Road Safety Could Save 30K Lives In India Annually: Study
  • At What Point Is A Disease Deemed To Be A Global Threat?
  • Twitter Accounts Linked To The Farm Movement Withheld: SKM
  • ‘Pandemic Is Changing But It Is Not Over’
  • Chopra Set To Win Medal In Stockholm Event
  • Bonn Climate Talks End In ‘Empty Pages’
  • Civilian Deaths In Russia-Ukraine Conflict Very Disturbing: India
  • Kanhaiya Lal Went To Police Claiming Threat To His Life
  • ‘Journalists Shouldn’t Be Jailed For What They Write, Tweet, Say’
  • ‘Muslims Will Never Allow Taliban Mindset To Surface In India’
  • Recording Mangrove Damage From Cyclones In The Sundarbans
  • Editors’ Guild Condemns Mohd Zubair’s Arrest
  • US SC’s Abortion Verdict Reverses Decades Of Progress: Activists
  • JNUTA, Others Demand Teesta’s Release

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

No Link With Udaipur Killing Accused: Raj BJP Minority Wing

11 hours ago Pratirodh Bureau
  • Featured

Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict

16 hours ago Shalini
  • Featured

Floods In Assam Lead To Massive Destruction, Cripple Life

19 hours ago Pratirodh Bureau
  • Featured

Delhi HC Notice To Police On Zubair’s Plea

19 hours ago Pratirodh Bureau
  • Featured

‘Why Different Treatment For Farmers & Large Businesses?’

1 day ago Pratirodh Bureau

Recent Posts

  • No Link With Udaipur Killing Accused: Raj BJP Minority Wing
  • Women’s Reproductive Rights In The Shadow Of Roe V. Wade Verdict
  • Floods In Assam Lead To Massive Destruction, Cripple Life
  • Delhi HC Notice To Police On Zubair’s Plea
  • ‘Why Different Treatment For Farmers & Large Businesses?’
Copyright © All rights reserved. | CoverNews by AF themes.