RBI’s Board reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility.
FinTech BizNews Service
Mumbai, August 11, 2024: The 609th meeting of the Central Board of Directors of the Reserve Bank of India was held on Saturday at New Delhi under the Chairmanship of Shri Shaktikanta Das, Governor.
Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance and Corporate Affairs, addressed and interacted with the Directors in the Central Board. The Hon’ble Finance Minister in her address outlined the vision of the Union Budget 2024-25, its focus areas and the expectations from the financial sector. The Finance Minister also underlined the priorities for ‘Viksit Bharat’. The Directors complimented the Finance Minister on the Budget and shared their views.
The Union Finance Minister was accompanied by Shri Pankaj Chaudhary, Hon’ble Minister of State for Finance; Dr. T.V. Somanathan, Finance Secretary and Secretary, Department of Expenditure; Shri Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management; and Dr. V. Anantha Nageswaran, Chief Economic Advisor.
The Board also reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility.
Deputy Governors Dr. Michael Debabrata Patra, Shri M. Rajeshwar Rao, Shri T. Rabi Sankar, Shri Swaminathan J. and other Directors of the Central Board – Shri Satish K. Marathe, Shri S. Gurumurthy, Smt. Revathy Iyer, Prof. Sachin Chaturvedi, Shri Anand Gopal Mahindra and Shri Pankaj Ramanbhai Patel – attended the meeting. Shri Ajay Seth, Secretary, Department of Economic Affairs, also attended the meeting.
