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RBI will take steps to help sustain growth: Shaktikanta Das

Saturday, January 19, 2019, 8:54 PM

RBI governor Shaktikanta Das said that steps will be taken to help sustain growth in the economy. Balancing inflation and growth would require careful analysis of new incoming data, Das said at Vibrant Gujarat Global Summit, ahead of the monetary policy review in February. Das said the external sector requires careful monitoring given the volatility in crude oil prices and the global financial market.
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Bank officials fret over fake Rs 500 notes, alert staff: Report

Thursday, January 10, 2019, 11:38 AM

In the wake of rising fake currency notes in the Indian economy, banking officials have instructed their staff to be extra cautious while scrutinising received notes, a source reported. According to the report, instances of counterfeit currencies, particularly of Rs 500, have increased. It has become a cause of concern for both banking officials and the public.
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RBI yet to take decision on dividend, says Shaktikanta Das

Monday, January 7, 2019, 7:47 PM

RBI has yet to decide on whether to pay an interim dividend to federal government, Governor Shaktikanta Das said. Earlier, Reuters reported that central bank is likely to transfer an interim dividend of as-much-as Rs.40,000Cr to the government by March. PM Modi's administration is facing a shortfall in revenues and may find it tough to contain the budget gap with elections due this year.

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