RBI Governor Shaktikanta Das today said on the fuel price hike that the state and central government will take a positive decision in a coordinated manner. He also said that the prices of diesel and petrol do have an impact on the cost side. High fuel prices also impact the manufacturing, transportation and other aspects. 

He also stated that there is a need for coordinated action between states and centre to reduce taxes because there are indirect taxes levied both of them. He added that the centre and states have their revenue pressures and high some money required to enable the country and people to come out of Covid stress. 

He further mentioned that RBI is working on a Central bank digital currency which is far different from cryptocurrencies. “We don’t want to be left behind in a technological revolution. The benefits of blockchain technology need to be capitalized. We’ve certain concerns regarding cryptocurrencies.