RBI Governor Shaktikanta Das speaks on petrol, diesel prices, economy, MSME scope and much more at BCCI event

Reserve Bank of India (RBI) Governor Shaktikanta Das talked on host of issues on the occasion of 185th Foundation Day of Bombay Chamber of Commerce and Industry on Thursday.

Talking on the occasion, Das said it is pertinent to focus on avenues that will bring growth in the economy. Indian economy has seen a bounce back and growth after a pandemic. Countries across the globe gave around 14 trillion-dollar stimulus packages during Covid 19 pandemic, he said.

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Talking on the most important issue of continuous rise in petrol and diesel prices and its impact on inflation, he said fuel rates do affect inflation and cost of production. He said there needs to be a coordinated action as State and Central government need revenue too.

Talking about digitization, Das said Reserve Bank of India has been focusing on this aspect very seriously.

A regulatory sandbox has been established in this regard. NEFT and RTGS have been allowed 24*7. RBI is also working on digital currency and will bring new guideline in this regard very soon. RBI is concerned about cryptocurrency.

Two new schemes were implemented for MSME, which has helped the sector, he said emphasizing that RBI will continue to hep MSME through SIDBI.

He said healthcare sector has attained new heights during the pandemic and the global demand for Indian pharma companies has increased.

“There is good recovery seen in manufacturing sector. Atmanirbhar Bharat campaign seems to have helped it to great deal. We are promoting this sector through PLI scheme and with Labour reform, it will show good result ,” he added.