New Delhi: On the occasion of the 185th founding day of the Bombay Chamber of Commerce and Industry, Reserve Bank Governor Shaktikant Das spoke on various topics. He said the manufacturing sector is working to improve the pace of development. He said the country’s MSME sector has emerged as the engine of economic growth. With this, the RBI governor said, companies need to invest more in the healthcare sector. He said that India is on the threshold of success.
Raised some concerns about cryptocurrency
Regarding cryptocurrency, the RBI governor said that the RBI is working on digital currency, which is different from cryptocurrency. He made it clear that India too would not lag behind in the technology revolution. At the same time, he expressed some concerns about cryptocurrency.
The central and state governments should take steps to reduce fuel prices
On rising fuel prices on a daily basis, the RBI governor said, “Fuel prices are factors that drive up costs. In this situation, the Center and the states need to take concerted action to reduce fuel prices.” “We are working to improve our regulatory framework for the MFI sector,” he said.
There is need for coordinated action b/w Centre&states to reduce taxes because there are indirect taxes levied both of them. We realise that states & Centre have their revenue pressures &require high sums of money to enable the country&people to come out COVID stress:RBI Governor pic.twitter.com/Ymj8oqr6Nv
– ANI (@ANI) February 25, 2021
Strengthened and deepened his work in the field of observation
“We have intensified our work in the field of monitoring,” the RBI governor said. The Indian financial sector is in a better position than before, we have given a definite idea in terms of growing assets under pressure in banks.