In November 2021, the Reserve Bank launched its first global hackathon - "HARBINGER with the theme 'Smarter Digital Payments'. The hackathon received encouraging response with 363 proposals submitted by teams from within India and from 22 other countries across the globe. As a sequel, we have also announced the second hackathon with the theme "Inclusive Digital Services".
Distinguished Guests, Ladies and Gentlemen, [Monetary Policy Direction] 43. In the area of monetary policy, the BI Rate will be consistently directed towards controlling inflation to be within its target. Furthermore, the monetary policy stance is taken to support efforts in reducing the current account deficit to achieve a sustainable level and to maintain a robust financial system stability. 44.