TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    CM Himanta Hits Back on Out-on-Bail Rahul Gandhi's King Jibe

    CM Himanta Hits Back as Out-on-Bail Rahul Gandhi Rants About ‘King of Assam’

    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Nitish Kumar’s Power Push: Free Electricity Lights Up NDA’s Bihar Campaign

    Nitish Kumar’s Power Push: Free Electricity Lights Up NDA’s Bihar Campaign

    Indian Nurse, Nimisha Priya Faces Execution Today

    Indian Nurse Nimisha Priya Faces Execution Today as Intervention Fails

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    CDS Chauhan: India Needs Tomorrow’s Tech to Win Today’s Wars

    India Needs Tomorrow’s Tech to Win Today’s Wars, Says CDS Anil Chauhan; Urges Indigenous Tech Push

    India-U.S. Set to Strike Javelin Deal

    India Seeks Javelin Missile Co-Production Deal with U.S. Under ‘Make in India’ Push

    India Set to Test ET-LDHCM: Hypersonic Missile

    India Tests Hypersonic Missile Aimed at Covering All of Pakistan and Key Chinese Military Zones

    India Conducts Successful Trial of Astra Missile

    India Conducts Successful Trial of Astra Missile BVRAAM Featuring Indigenous RF Seeker

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Baloch Insurgents Kill 29 Soldiers: Pakistan Army Losing Control in Balochistan

    Is Balochistan Slipping Away from Pak? 29 Soldiers Killed as BLA, BLF Launch Simultaneous Attacks

    Khalistani Sympathiser with Anti-India Stance: Jasmeet Bains

    Khalistani Sympathiser with Anti-India Stance, Jasmeet Bains Aims for California Congress Entry

    Hindu Activist Shot Dead in Cold Blood as Bangladesh Opens Fire

    Hindu Activist Shot Dead in Cold Blood as Bangladesh Army Opens Fire on Peaceful NCP Rally in Gopalganj

    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus

    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus: A Global Hybrid Threat Emerges

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    CM Himanta Hits Back on Out-on-Bail Rahul Gandhi's King Jibe

    CM Himanta Hits Back as Out-on-Bail Rahul Gandhi Rants About ‘King of Assam’

    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Nitish Kumar’s Power Push: Free Electricity Lights Up NDA’s Bihar Campaign

    Nitish Kumar’s Power Push: Free Electricity Lights Up NDA’s Bihar Campaign

    Indian Nurse, Nimisha Priya Faces Execution Today

    Indian Nurse Nimisha Priya Faces Execution Today as Intervention Fails

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

    India Achieves 50% Non-Fossil Fuel Power Capacity

    India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    Advantages of Using an EMI Calculator Before Applying for a Personal Loan

    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    CDS Chauhan: India Needs Tomorrow’s Tech to Win Today’s Wars

    India Needs Tomorrow’s Tech to Win Today’s Wars, Says CDS Anil Chauhan; Urges Indigenous Tech Push

    India-U.S. Set to Strike Javelin Deal

    India Seeks Javelin Missile Co-Production Deal with U.S. Under ‘Make in India’ Push

    India Set to Test ET-LDHCM: Hypersonic Missile

    India Tests Hypersonic Missile Aimed at Covering All of Pakistan and Key Chinese Military Zones

    India Conducts Successful Trial of Astra Missile

    India Conducts Successful Trial of Astra Missile BVRAAM Featuring Indigenous RF Seeker

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Baloch Insurgents Kill 29 Soldiers: Pakistan Army Losing Control in Balochistan

    Is Balochistan Slipping Away from Pak? 29 Soldiers Killed as BLA, BLF Launch Simultaneous Attacks

    Khalistani Sympathiser with Anti-India Stance: Jasmeet Bains

    Khalistani Sympathiser with Anti-India Stance, Jasmeet Bains Aims for California Congress Entry

    Hindu Activist Shot Dead in Cold Blood as Bangladesh Opens Fire

    Hindu Activist Shot Dead in Cold Blood as Bangladesh Army Opens Fire on Peaceful NCP Rally in Gopalganj

    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus

    US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus: A Global Hybrid Threat Emerges

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Karnataka Govt Blames RCB for Chinnaswamy Stampede

    Congress- led Karnataka Govt Blames RCB for Chinnaswamy Stampede, Cites Kohli’s Video in HC

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Ace Alliance: Accelerating Growth in the European iGaming Market

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    Addiction Recovery in India: Breaking Stigmas and Building Support Systems

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    How Under Armour’s Women’s Sports Shoes Are Reinventing Women’s Fitness Experience

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

Abhishek Kumar Singh by Abhishek Kumar Singh
6 August 2022
in Economy
Shaktikanta
Share on FacebookShare on X

India is a diverse country. People, language, culture, consumer spending and every other aspect of daily lives change within a few kilometres. This is the reason why a plain specialist of a particular field has very slim chances of succeeding here. Keeping that in mind, let’s talk about a man who is rarely mentioned in literature around India’s macroeconomic Fundamentals, the RBI Governor Shaktikant Das.

Challenges for Shaktikanta Das in his first stint

When Shaktikanta Das was appointed as Governor of RBI, experts on Economy expressed their reservations. Das was not an economist to begin with and in fact, he was a major in History from Delhi University. In colloquial terms, he was Economics’ enthusiast. People were worried whether an IAS Officer would be able to handle complex Central Banking.

RelatedPosts

US Embassy’s Advisory Over Shoplifting by Indian Nationals: Time for India to Act?

US-DEA Uncovers Canada–Pakistan–China Narco-Terror Nexus: A Global Hybrid Threat Emerges

Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

Load More

Nearly 4 years down the line, Shaktikanta Das has proved everyone wrong. When he took over from Urjit Patel, RBI was extremely conservative with respect to lending and other policies promoting growth in the economy. It was the need of the hour as his predecessors did not want to get bad rep for the NPA crisis. Lending was too difficult to carry out and a talk of introducing Islamic Banking, which virtually prohibits interests on lending, was the talk of the town. Flow of money was restricted in the economy.

Shaktikanta Das ensured that NPA crisis does not impact lending

In his first stint, Das focused on growth and brought down the interest rates to push money in the economy. Within two years, the RBI cut the repo rate by 135 basis points. The rate cut was in line with the accommodative stance, which is aimed towards promoting business prospects and jobs in the country.

But, even then Banks were fearful of lending due to tighter norms introduced by Das’ predecessors. Given the fact that the Modi government was focused towards uplifting the MSME sector, a change in Central Bank’s policy regarding lending was the need of the hour. MSME can’t run without taking credit from the banks.

Made it easy for government and public to borrow

Das eased out the NPA declaration rules for MSMEs with loans up to 25 crores rupees. On the supply side, Shaktikanta Das liberalised the Prompt Coercive action regime with regards to lending. RBI put 11 public sector banks under PCA and asked them to stop lending until their balance sheet is healthy. The credit by these banks dried up, and the banks improved their balance sheet but the regulator was not ready to release them from PCA till the entry of Das.

Under Shaktikanta Das, RBI did not only take care of the public’s borrowing requirement, but it also ensured that when the Government borrows, it has to pay low interest rates. Das used tactics like infusing liquidity on the eve of auction of Government Securities, keeping inflation in check, rejecting bids not favourable to assist the Government. In his first stint, the Modi government borrowed more than Rs 12.60 lakhs crores and the process could never have been smoother.

Resuscitation during Corona

When the Corona Pandemic struck during his second term, Shaktikanta Das took a leaf out of his bureaucrats’ manual and went on a spree to resuscitate the economy. RBI took more than 100 measures which include reducing the repo rate by 115 basis points. RBI also reduced interest rates under Liquidity adjustment Facility by 155 basis points. Banks were allowed to borrow Rs 1,37,000 crores more under the Marginal Standing Facility.

RBI also judicially utilised long-term repo operations (LTROs) to increase liquidity in the market. RBI’s total contribution to liquidity in the economy during the period was Rs 17.2 lakh crores. Loan moratorium, asset classification standstill, easing of working capital financing and deferment of interest, restructuring of advances to MSMEs were some of the key measures directly benefiting average India.

Also Read: Amidst falling Euro, RBI ensures that Rupee stands tall

Das has protected India from recessions

When the effects of pandemic subsided, the world was looking dark into the abyss of inflation. The Sri Lanka and Bangladesh crisis have further raised the fears. But RBI ensured that the country is in good shape. When Das took charge, India’s Forex reserve was hovering between $400-425 billion Dollars. Today, we have the 4th largest Forex reserve in the world. India is the only major economy in the world which won’t be affected by global headwinds of American recession.

Appointment of the Shaktikanta Das, a former Economics Affairs Secretary was termed as “frightening for the autonomy of institutions” by Abhijit Banerjee. Even Subramanian Swamy was apprehensive and went to the extent to call him corrupt. In 2022, numbers are speaking for Das but these experts are not.

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing the best quality garments from TFI-STORE.COM

Also Watch:

Tags: EconomicsGovernor of RBIIndiaIndian GovernemntShaktikanta Das
ShareTweetSend
Previous Post

‘Build houses or miss your funds goodbye,’ Modi govt warns Bhupesh Baghel

Next Post

Politician Aditya Thackeray Biography and Career

Related Posts

AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress
Economy

AI Appreciation Day Celebrated Globally, Spotlight on Innovation and Ethical Progress

16 July 2025

In a world increasingly shaped by intelligent machines, July 16 has taken on a special significance. Marked as Artificial...

India Achieves 50% Non-Fossil Fuel Power Capacity
Economy

India Achieves 50 pc Non-Fossil Fuel Power Capacity, Five Years Ahead of Schedule

15 July 2025

In a major milestone for sustainable energy and climate action, India has achieved 50% of its total installed electricity...

Advantages of Using an EMI Calculator Before Applying for a Personal Loan
Finance

Advantages of Using an EMI Calculator Before Applying for a Personal Loan

14 July 2025

Thinking about applying for a personal loan? Before you hit that ‘Apply Now’ button, it’s wise to know what...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

The Butcher of Pahalgam: Sulaiman — Trained by ISI, Pakistan’s Commando-Turned-Terrorist

The Butcher of Pahalgam: Sulaiman — Trained by ISI, Pakistan’s Commando-Turned-Terrorist

00:04:13

Congress’s Rohith Vemula Bill: Caste Polarization Masquerading as Reform

00:07:33

Bhima Koregaon Won’t Be Repeated; Maharashtra’s Special Act to Wipe Out Urban Naxals.

00:06:06

Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

00:07:47

How UPI went global? Why Namibia Adopted It?

00:07:20
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited