New India Central Banker Buys Time as Worries on Autonomy Linger

The video discusses the recent changes in the Reserve Bank of India (RBI) following the unexpected resignation of Governor Urjit Patel. Shaktikanta Das, a former bureaucrat known for his role in the demonetization policy, has been appointed as the new governor. The video explores the challenges Das faces, including maintaining the RBI's autonomy and restoring investor confidence. It also touches on India's economic conditions, such as moderating growth and cooling inflation, and how these factors align with the Modi government's interest in lowering interest rates ahead of elections.

What was the immediate response of the administration following Urjit Patel's resignation?

• They delayed the appointment of a new governor.

• They appointed a committee to find a new governor.

• They appointed a new governor immediately.

• They decided to leave the position vacant.

What did Shaktikanta Das emphasize in his first press conference as the new RBI governor?

• He would increase interest rates.

• He would uphold the RBI's autonomy.

• He would follow the government's orders without question.

• He would resign soon.

What is one of the main challenges Shaktikanta Das faces as the new governor?

• Increasing inflation rates.

• Proving his independence from the government.

• Implementing new currency notes.

• Reducing the RBI's autonomy.

What is the economic situation in India as discussed in the video?

• Growth is accelerating and inflation is rising.

• Growth is declining and inflation is increasing.

• Growth is moderating and inflation is cooling off.

• Growth is stagnant and inflation is stable.

How is Governor Das's stance on interest rates perceived in relation to Prime Minister Modi's goals?

• He is seen as opposing Modi's goals.

• He is seen as neutral on interest rates.

• He is seen as aligning with Modi's goals for lower rates.

• He is seen as indifferent to interest rate policies.