shaktikanta das : india at an inflection point - some thoughts inaugural address by mr shaktikanta das, governor of the reserve bank of india, at the annual financial institution benchmarking and calibration ( fibac ) 2024 conference, organised jointly by the federation of indian chambers of commerce and industry ( ficci ) and the indian banks'association ( iba ), mumbai, 5 september 2024. * * * i am happy to be back at the fibac annual conference. this conference is special as it brings together industry leaders, financial sector players and regulators on a single platform to discuss vital issues of contemporary relevance. i would like to congratulate the ficci and the iba for organising this annual conference. the indian economy is now at a critical juncture. massive changes are taking shape in various economic sectors and markets ; and the country is geared for orbital shifts. our nation's journey towards becoming an advanced economy is drawing strength from a unique blend of factors : a young and dynamic population, a resilient and diverse economy, a robust democracy, and a rich tradition of entrepreneurship and innovation. in this background, i have chosen to speak on the topic " india at an inflection point : some thoughts ". i have structured my talk under four major themes. first, i would speak on india's growth prospects and the approach that we need to follow going forward. second, i would dwell upon recent developments in inflation and monetary policy. third, i propose to highlight certain issues relating to strengthening our financial sector. finally, i would spell out certain expectations from the financial sector. i. growth prospects the indian economy rebounded strongly from the covid - 19 induced contraction, growing at an impressive annual average rate of 8. 3 per cent during the last three years. for the current financial year, the reserve bank has projected a growth rate of 7. 2 per cent. the imf has also revised india's gdp growth upwards to 7. 0 per cent, citing improved prospects for private consumption, particularly in rural areas. two days ago, the world bank has also upgraded india's growth forecast to 7. 0 per cent for 202425. the national statistical office ( nso ) has placed india's gdp growth at 6. 7 per cent in q1 of 2024 - 25. notwithstanding the moderation in growth from the previous quarter and below our projection for q1, the data shows that the fundamental

adriano maleiane : notes and coins in mozambique speech by mr adriano maleiane, governor of the bank of mozambique ( banco de mocambique ), during the announcement of notes and coins of the metical of the new family, maputo, 16 june 2006. * * * dear guests, ladies and gentlemen, i would like to thank you, on behalf of the board of directors of the banco de mocambique and personally, for your presence in this ceremony for the announcement of the notes and coins of the metical of the new family, the day in which our currency completes 26 years of existence. this event results from the process that began with the approval by the parliament, of the law nº 7 / 2005, of december 20th, which creates and sets the value of the metical conversion rate and empowers the governor of the banco de mocambique to define the register designation of the metical of the new family. the metical of the new family will facilitate our financial and commercial transactions and it will offer greater security and commodity as a result of the reduction of digits and the incorporation of more modern security features in the notes and coins. the success of the process of introduction of the metical of the new family will continue to depend on an ample and participative advertising campaign, which reaches the country as a whole. in this context, we count on information dissemination channels, such as the radio, television, newspapers and the internet website. with regard to radio, our message is already being broadcast through the radio mocambique and the community radios, in a total of 25 ( twenty - five ) national languages. it is also worth referring to the distribution throughout the country of posters, brochures and leaflets. the banco de mocambique technical staff visited all districts of the country for public clarification of all aspects pertaining to this process, having had the collaboration of government institutions, religious congregations, municipal authorities, community leaders and socio - professional organizations. we have also been undertaking clarification lectures addressed to mozambican community abroad, with particular focus to countries which host the majority of our compatriots. today, we feel that the message about the metical of the new family has reached greater majority of the mozambican population, including that of the rural zones which, at the beginning of the process, represented our major priority. ladies and gentlemen, the notes and coins of the met