Hon’ble SC refuses to interfere with period of validity of cheque

Tax Guru
REG: SUO MOTU WRIT PETITION(CIVIL) NO. 3 OF 2020

[IN RE-COGNIZANCE FOR EXTENSION OF LIMITATION]

However, the Apex Court vide its order dated 10.07.2020 has observed that it will not be appropriate to interfere with the period prescribed by the Reserve Bank of India, particularly, since the entire banking system functions on the basis of the period so prescribed. The Reserve Bank of…

Coronavirus: Indian economy showing signs of returning to normalcy, says RBI governor

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However, Shaktikanta Das added that is still uncertain what kind of durable effects the pandemic will leave behind on potential growth.

Reserve Bank of India Governor Shaktikanta Das on Saturday said the Indian economy has started showing signs of returning to normalcy in response to the staggered easing of lockdown restrictions, PTI reported. However, it is still uncertain what kind…

Covid lockdown, compression in economic growth may result in higher NPA: RBI Governor Shaktikanta Das

FINANCIAL EXPRESS
Reserve Bank of India (RBI) governor Shaktikanta Das on Saturday said there was a ‘necessity’ to have recapitalisation plan for public sector banks (PSBs) and private banks (PVBs) to absorb shocks of Covid-19. In his address at the State Bank of India ( SBI ) banking & economics conclave, the RBI governor said every

financial institution needed to do a Covid-19 stress test. He said…

Banks need to raise capital on anticipatory basis: RBI Governor Shaktikanta Das

The Economic Times
Mumbai: Banks need to raise capital on anticipatory basis to build up adequate capital buffers to mitigate risks arising out of coronavirus outbreak, RBI Governor Shaktikanta Das said on Saturday. He said building buffers and raising capital will be crucial not only to ensure credit flow but also to build resilience in the financial system .

“In such a situation, it has become a lot…

COVID-19 biggest test of financial system’s resilience: RBI Governor Das

AniNews.in
Mumbai (Maharashtra) [India], July 11 (ANI): The Reserve Bank of India (RBI) has taken several measures to protect the country’s financial system and support the economy after COVID-19 crisis , Governor Shaktikanta Das said on Saturday.

“Both conventional and unconventional liquidity measures were taken to boost market confidence and ease liquidity stress . As a…

Economy showing signs of getting back to normalcy: RBI Guv

ProKerala
Reserve Bank of India (RBI) Governor Shaktikanta Das. (File Photo: IANS). Image Source: IANS News

Mumbai, July 11 : India’s economy is showing signs of getting back to normalcy, Reserve Bank of India Governor Shaktikanta Das said on Saturday.

In a keynote address at the 7th SBI Banking and Economics Conclave, Das noted that medium term outlook still remains uncertain.

“Despite…

Coronavirus pandemic biggest test of robustness, resilience of India’s economic system: RBI

India Today
In his keynote address at the 7th SBI Banking and Economics Conclave, RBI Governor Shaktikanta Das said that the “novel coronavirus pandemic is so far the “biggest test of robustness and resilience of our [India’s] economic and financial system”.

Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the novel coronavirus pandemic is so far the “biggest test of…

RBI Governor Shaktikanta Das says orderly unwinding of counter-cyclical measures will be undertaken after COVID-19

Money Control
There is a great opportunity for Indian companies to become part of the global value chain, Reserve Bank of India (RBI) Governor Shaktikanta Das said on July 11.

RBI Governor Shaktikanta Das said that the central bank would undertake orderly unwinding of counter cyclical regulatory measures after COVID-19 is contained.

Speaking at the 7th SBI Banking & Economics Conclave Governor…

India’s GDP to contract by 3% in FY21: BofA

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India’s GDP will contract by 3 per cent in FY21 because of the coronavirus pandemic, assuming the economy is opened up fully from next month, a foreign brokerage said on Thursday. BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to USD 95 billion through open market operations, and its revaluation reserves of USD 127 billion…