RBI Governor Shaktikanta Das Links Q1 GDP Decline to Model Code of Conduct and Spending Cuts

RBI Governor Shaktikanta Das has attributed the decline in India's GDP for the first quarter to the implementation of the Election Commission's model code of conduct, which led to reduced government spending. Despite this setback, Das reassured that the overall growth trajectory of the Indian economy remains robust.

Economic Context

The Reserve Bank of India (RBI) recently reported a contraction in GDP growth, which Das explained was influenced by the temporary slowdown in public expenditure due to the upcoming elections. He emphasized that this reduction in spending was a necessary measure to maintain electoral integrity.

Confidence in Growth

Das expressed confidence in India's economic fundamentals, stating that the long-term growth story is intact. He highlighted that various sectors are poised for recovery once the elections conclude and government spending resumes its normal pace.The RBI continues to monitor economic indicators closely, and Das remains optimistic about the resilience of the Indian economy in the face of short-term challenges.

Comments

Russia and U.S. Reach Agreement for Multi-Country Prisoner Swap Involving Evan Gershkovich and Paul Whelan

Russia and U.S. Reach Agreement for Multi-Country Prisoner Swap Involving Evan Gershkovich and Paul Whelan In a significant diplomatic development, Russia and the United States have finalized a multi-country prisoner swap that will see the release of two wrongfully detained American citizens: Wall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan. This extraordinary agreement was confirmed by a senior official in the Biden administration. The swap is set to take place on Thursday, marking a pivotal moment in the ongoing tensions between the two nations. Both Gershkovich and Whelan have been held in Russia under controversial circumstances, and their return to the U.S. is being welcomed as a positive outcome in the complex geopolitical landscape. This agreement highlights the ongoing efforts by the U.S. government to secure the release of its citizens detained abroad, emphasizing the importance of diplomatic negotiations in addressing such sensitive issues. A

Motorola Edge 50: A Rugged and Stylish Mid-Range Smartphone Debuts in India

Motorola Edge 50: A Rugged and Stylish Mid-Range Smartphone Debuts in India Motorola has expanded its Edge 50 series in India with the launch of the Motorola Edge 50, a mid-range smartphone that boasts impressive features and a sleek design. The device claims to be the world's slimmest IP68 and MIL-STD-810H military grade certified smartphone, making it a compelling choice for those seeking a durable and stylish device. The Motorola Edge 50 sports a 6.7-inch 1.5K Super HD curved pOLED display with a 120Hz refresh rate and support for HDR10+ content. The display is protected by Corning Gorilla Glass 5 and offers a peak brightness of 1,600 nits, ensuring a vibrant and immersive viewing experience. Under the hood, the smartphone is powered by the Snapdragon 7 Gen 1 Accelerated Edition processor, paired with 8GB of RAM and 256GB of internal storage. Users can further expand the storage using the virtual RAM option, which allows them to allocate up to 8GB of additional RAM. The device

Congress Fires Back at Amit Shah Over Wayanad Landslides Controversy

Congress Fires Back at Amit Shah Over Wayanad Landslides Controversy The Congress party has taken strong action against Union Home Minister Amit Shah by moving a privilege motion in Parliament. This move comes in response to Shah's recent remarks regarding prior warnings about the impending landslides in Wayanad, Kerala. The devastating landslides in Wayanad have claimed over 50 lives, with many still missing. In the aftermath of the tragedy, Shah had claimed that the Kerala government was informed in advance about the possibility of landslides. However, Chief Minister Pinarayi Vijayan refuted these allegations, stating that while an orange alert was issued, the actual rainfall far exceeded forecasts. The Congress party, led by Rahul Gandhi who represents Wayanad in Parliament, has now taken umbrage at Shah's statements. By filing a privilege motion, the party seeks to hold the Home Minister accountable for his remarks, which they believe are misleading and undermine the stat

LISTEN PRESS

Search This Blog