RBI Marks 90 Years: PM Modi Unveils Coin, Stresses on Digital Growth and Economic Resilience #shorts
The Reserve Bank of India (RBI) celebrated its 90th anniversary in Mumbai with key figures such as RBI Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, and Prime Minister Narendra Modi delivering keynote presentations. PM Modi unveiled a commemorative coin and emphasized the need for the RBI to focus on digital transactions, financial inclusion, and the adoption of technologies like blockchain, AI, and machine learning for sustainable national growth. He also linked the economic performance to his popularity among voters ahead of the elections. Modi praised the RBI’s role in managing the economy and banking sector changes, highlighting the inflation targeting framework’s success. Sitharaman commended the RBI for improving India’s handling of external imbalances and uncertainties and for its role in resolving banks’ balance sheet issues, which now present a ‘balancing sheet advantage.’
1. The upcoming monetary policy meeting is expected to maintain the current repo rate at 6.5%, following the US Federal Reserve’s dovish stance.
2. PM Modi also touched on the growth of India’s tourism sector, projecting Ayodhya as a future global hub for religious tourism.
3. The upcoming monetary policy meeting is anticipated to maintain steady rates, reflecting a strategic approach to align India’s inflation with its objectives.
Read more:
https://bnnbreaking.com/finance-nav/rbi-marks-90-years-pm-modi-unveils-coin-stresses-on-digital-growth-and-economic-resilience
#RBI #90Years #Finance #PMModi #Coin #Digital #Growth #Economic #Resilience
