All posts in Government

Consequences of demonetisation were taken on board. All efforts were made to mitigate problems.

Urjit Patel

Both RBI and government have been getting the printing presses to work at capacity to get the new notes available to meet demand.

Urjit Patel

We are also urging banks to make a big push with PoS (Point of Sale) machines with traders so that debit card use becomes more prevalent.

Urjit Patel

The RBI is interacting with the banks every day. They are telling us that the situation is gradually easing. The queues in branches and ATMs are shorter and the markets are starting to function, and there are no reported shortages of daily items of consumption.

Urjit Patel

People have asked why the new currency introduced was different in size and thickness from the old. This is because the new currency has been designed to make it hard to counterfeit. When you are going to make a change of this magnitude, you need to get the best standards in place.

Urjit Patel

RBI has been concerned about growing menace of fake Indian currency notes which has been increasing in numbers.

Urjit Patel

We have increased our production and trying to provide new currency notes as soon as possible.

Urjit Patel

It’s a very bold and decisive step to demonetise Rs 500 and 1000 currency notes.

Urjit Patel

The Brexit vote, the U.S. presidential election process, and the political realignment in Europe were three of the potential "black-swan" scenarios that could impact BRICS policies.

Urjit Patel

Well, an owl is traditionally a symbol of wisdom, so we are neither doves nor hawks but owls and we are vigilant when others are resting.

Urjit Patel

Zero negative inflation will persist not for great length of time.

Urjit Patel

Food is highly seasonal; infrastructure is always a constraint and several others.

Urjit Patel

Thank you everyone for your warm wishes! I will give my best to live up to the expectation of people.

Urjit Patel

Page 72 of 72« First...102030...6869707172
error: Content is protected !!
UA-55292910-2