Key Developments On December 10: RBI Governor Das Ends Term, TRAI Traceability Rules Come Into Effect

Mumbai (Al Ryzen): A host of developments are expected to take shape on the economic frontlines today as Indian markets gear up in anticipation. The Reserve Bank of India (RBI) is set to witness the departure of its current governor, Shaktikanta Das, marking a new chapter in monetary policy management.

Das's 25-day tenure as the country's central bank chief comes to an end on this day. Notably, his tenure has also witnessed significant changes since he took office in 2019 following the abrupt exit of Urijit Patel. In his first key decision as governor, Das set up a committee under former RBI governor Bimal Jalan to assess the economic capital framework. The recommendation was implemented by transferring surplus funds to the Union government each year.

Financial markets will also witness key announcements today. Indraprastha Gas is slated for board meetings to discuss bonus share issuance. Motorola Mobiles, another prominent Indian tech brand, announces the launch of its Moto G35 device in India on this day.

On the technological front, Telecommunications Regulatory Authority of India (TRAI) has finally put measures into effect aimed at tackling OTP delays. Given the widespread concerns about message scams circulating on social media platforms, TRAI announced new regulations that mandate telecom companies to implement systems for message origin tracking as early as October 1. With regulatory milestones marking a crucial step forward in curbing fraudulent messages in the country.

As India takes a leap towards strengthening its market presence globally, several economic developments would keep investors' interest piqued on December 10.