At a disaggregated level, a few large states have debt-to GSDP ratios exceeding 35 per cent, the report added. Flagging the need to enhance the health of finances, Reserve Bank of India governor Shaktikanta Das on Thursday asked state governments to focus on fiscal consolidation and improve quality of expenditure. … Read more
Tag: RBI
Bank holidays July 2023: Banks to remain closed on 15 days THIS month; check details here
Bank holidays in July: As per the Reserve Bank of India’s (RBI) list of holidays, 8 holidays are state-specific holidays for different festivals across different states and others are weekend holidays. Public and private sector banks will remain shut for 15 days in July this year. In addition to weekends, … Read more
RBI Twitter handle joins million followers club, first central bank in world to reach this milestone
With one million Twitter followers, the Reserve Bank of India has become the first central bank in the world to reach this milestone. The Reserve Bank of India (RBI) has beaten the US Federal Reserve and European Central Bank on Twitter by emerging as the most popular central bank on … Read more