News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Latest Circulars »
 Notification No. 10/2020 Central Board Of Direct Taxes
 Address by Hon’ble President of India at NIBM Golden Jubilee Celebrations
  Finance Minister addresses the Central Board of Directors of Reserve Bank of India
 Use permanent address for filing income tax returna
 Notification No. 09/2020 Central Board Of Direct Taxesa
 Incentivising Bank Credit to Specific Sectors – Exemption from CRR Maintenance
 Guidelines on Merchant Acquiring Business – Regional Rural Banks
 RBI reopens allotment of investment limit under the revised Voluntary Retention Route (VRR) for Investments by Foreign Portfolio Investors (FPIs)
 Auction of Government of India Dated Securities January 27, 2020
 Investment by Foreign Portfolio Investors (FPI) in Debt
 Process of striking off of a company in India under the Companies Act 2013

Finance Minister addresses the Central Board of Directors of Reserve Bank of India
July, 11th 2019

The 577th meeting of the Central Board of Directors of Reserve Bank of India was held at New Delhi today.

Smt. Nirmala Sitharaman, Hon’ble Union Minister of Finance, addressed the Directors of the Central Board. The Hon’ble Finance Minister in her address outlined the thinking behind the Union Budget 2019 and the focus areas of the Government. The Finance Minister also highlighted the importance of coordination between the RBI and Government. Complimenting the Finance Minister on the Budget, the Board Members made various suggestions for the consideration of the Government.

The Union Finance Minister was accompanied by Shri Ajay Bhushan Pandey, Revenue Secretary, Shri Atanu Chakraborty, Secretary (Investment and Public Asset Management) and Dr. Krishnamurthy Subramanian, Chief Economic Advisor, during her interaction with the Central Board of Directors.

Prior to the Finance Minister’s address, the Board reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank, as part of its regular proceedings. Among other matters, the Board finalised the 3-year Medium-Term Strategy document of the Reserve Bank, which covered, inter-alia, its Mission and Vision Statement. The Board also approved the Bank’s Budget for the period July 2019 - June 2020. Other matters discussed by the Board included issues related to currency management and payment systems.

Shri Shaktikanta Das, Governor chaired the 577th meeting of the Central Board. Deputy Governors Shri N. S. Vishwanathan, Dr. Viral V. Acharya, Shri B. P. Kanungo and Shri Mahesh Kumar Jain and other Directors of the Central Board: Shri Natarajan Chandrasekharan, Shri Bharat Doshi, Shri Sudhir Mankad, Shri Manish Sabharwal, Shri Dilip S. Shanghvi, Dr. Ashok Gulati, Shri Satish Marathe, Shri Swaminathan Gurumurthy, Ms. Revathy Iyer and Prof. Sachin Chaturvedi, attended the meeting. The Directors of Government of India on the Central Board, Shri Subhash Chandra Garg, Finance Secretary and Secretary (Economic Affairs) and Shri Rajiv Kumar, Secretary (Financial Services) also attended the meeting.

Yogesh Dayal
Chief General Manager

Press Release: 2019-2020/86

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting