Latha Venkatesh

A nail-biting wait for the appointment of the RBI Governor ends as the government announces that current revenue secretary Sanjay Malhotra will be the next governor of the Reserve Bank of India (RBI).

Few would have thought at the start of his first term in 2018 that, with a post-graduation in history, Das could have led the RBI to achieve this level of economic, financial, and technological success. History has taught him a lot.

Sanjay Malhotra, the Revenue Secretary, will take over as the new RBI Governor, beginning his three-year term.

These initiatives aim to provide more comprehensive, accurate, and granular insights into the economy, with initial results expected between 2025 and 2026.

Bhanu Baweja, Chief Strategist at UBS Investment Bank, believes the consolidation phase in Indian markets is not fully over yet.

As Sanjay Malhotra begins his three-year term as the new Reserve Bank of India (RBI) Governor, key industry leaders, including G Mahalingam (Former

India's consumer price index (CPI) inflation for November is projected at 5.5%, below the Monetary Policy Committee's (MPC) upper limit of 6%, but still significantly above its target of 4%, according to a CNBC-TV18 poll.

Concerns about weak industrial growth and low corporate activity in October- December 2024 (Q3FY25) add to the challenges of balancing growth and inflation.

In 2023, the central government introduced the SNA Sparsh portal in collaboration with the Reserve Bank of India (RBI). SNA, which stands for Single Nodal Agency, revolutionised the process. Funds for centrally sponsored schemes no longer flow into state government accounts in public sector banks. Instead, they are routed directly to scheme-specific accounts on the SNA Sparsh portal. Payments are made on a just-in-time basis through the RBI’s e-Kuber platform, following approval from central and state officers.

In an exclusive interaction with CNBC-TV18, Pulapre Balakrishnan, Honorary Visiting Professor, Centre for Development Studies, pointed out that PLFS data and rural labour wages data suggests real wages have declined sharply over the past five years.