New RBI governor Shaktikanta Das to steer first central board meet on Dec 14

Mumbai: The central board of the Reserve Bank of India (RBI) under new Governor Shaktikanta Das will meet on Friday which will review the progress with respect of some of the decisions taken in the last meet on November 19.

Among other things, the board meeting may take a stock of Micro, Small & Medium Enterprises (MSMEs), which is under stress due to demonetisation and implementation of the Goods and Services Tax (GST).

Given the current structure, the central board plays an advisory role but there is growing clamour to make it operational and have greater participation in key decisions of the central bank.

Soon after taking reins of the RBI, Das said, he will try to uphold the autonomy, credibility and the integrity of the great institution and take every stakeholder, including the government, along in a consultative manner.

The new Governor also said he will take measures which the economy requires in a timely manner.

Also Read: K Chandrasekhar Rao Takes Oath As Telangana CM

 

You might also like

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.