PM Modi calls for economic self-reliance, making rupee more acceptable

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3 months ago

Prime Minister Narendra Modi on Monday said India needs to increase its economic self-reliance in the next 10 years to mitigate the impact of global crises, and make rupee more accessible and acceptable throughout the world. The Prime Minister also said the workload on bureaucrats will increase substantially soon after formation of the BJP-led NDA government at the Centre. Modi was addressing the opening ceremony of the 90th anniversary celebrations of the Reserve Bank of India (RBI) here. The RBI commenced its operations on April 1, 1935. He highlighted the role of the RBI in speedy and sustainable growth of the country. Noting the achievement of the RBI in infusing rule-based discipline and fiscally prudent policies in the banking sector, the Prime Minister asked for advance estimates of the needs of various sectors to take proactive steps while assuring the banks of government's support. Modi praised the role of the RBI's Monetary Policy Committee (MPC) for taking steps to cont Read The Rest at :

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