Tag: RBI
17 Results
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RBI, Govt signal truce after 9-hr-long meet, refer contentious issue of surplus to expert panel
The expert committee to be set up jointly by the government and the RBI will now decide about the adequate size of the capital base.
November 20, 2018 -
Manmohan cautions against argument that development requires restrictions on freedom
"The more narrowly we seek to define our identity the less capacity we will have in dealing with a globalizing world outside our borders," he said.
November 19, 2018 -
Govt, RBI likely to sort out issues before Nov 19 meet; Urjit Patel may not quit: Report
Earlier media reports claimed that RBI Governor Urjit Patel could resign at the central bank’s next board meeting on November 19.
November 15, 2018 -
Scant Autonomy
Having arrogantly dismissed the government’s ignominious spat with the Reserve Bank of India, arguably the repository of the country’s financial and fiscal wisdom, in a tweet, as “misinformed speculation”, Mr Subhash Chandra Garg, Secretary of the Department of Economic Affairs, may have banged the door shut on the unseemly washing of dirty linen in public …
Continue reading "Scant Autonomy"
November 15, 2018 -
Modi govt ‘planning demonetisation part-II’ to help its ‘crony friends’: Congress on RBI row
Congress spokesperson Abhishek Singhvi claimed the Modi government earned a windfall gain of Rs. 12 lakh crore in the past four years through heavy taxation on petrol and diesel.
November 13, 2018 -
Amid Govt-RBI face-off, Urjit Patel met PM Modi on Nov 9 to sort out issues: Report
Patel’s meetings at the PMO came days before the RBI’s crucial board meeting on November 19 during which contentious issues are likely to come up for discussion.
November 13, 2018 -
GST a ‘monumental reform’: Jaitley slams ‘critics’ after Raghuram Rajan’s remark
The remarks come a day after former RBI Governor Raghuram Rajan blamed the indirect taxation reform for derailing India's growth story.
November 12, 2018 -
Youth Congress members protesting outside RBI office against demonetisation detained
The security forces forcibly took the protesters, who were accompanied by senior party leaders, to the police station in a bus.
November 9, 2018 -
Not seeking Rs 3.6 lakh crore from RBI, clarifies Centre amid autonomy row
The Congress has accused Prime Minister Narendra Modi's government of being bent on 'snatching' the contingency reserves of the RBI.
November 9, 2018 -
RBI like seat belt for govt; top bank’s autonomy to be respected: Raghuram Rajan
Ahead of the November 19 meeting of RBI Board, Rajan said the objective of the board is to protect the institution and not serve others' interests.
November 7, 2018 -
New RBI chief on the anvil?
Speculation has been mounting that RBI Governor Urjit Patel could quit his post. Though Patel is still in the chair, it hasn’t stopped chatter about his successor should he resign
November 7, 2018 -
Nehru said RBI autonomy subject to Centre, it’s still true: Top govt official
While many see the ongoing tussle between the government and the RBI as unprecedented, the top government functionary also cited instances of RBI governors N C Sengupta and K R Puri, saying their tenures were cut short due to the central government's intervention.
November 6, 2018 -
RBI governor should work with govt or quit, says RSS economic wing head
The comments come against the backdrop of escalating tension between the government and the RBI over various issues.
November 1, 2018 -
Rupee slumps 27 paise to close at 3-week low of 73.95 against US dollar
Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit.
October 31, 2018 -
Govt confirms ‘extensive consultations’ with RBI amid reports of invoking special powers
Reports earlier in the day said that the government has invoked never-before-used powers under Section 7 of the RBI Act allowing it to issue directions to the central bank governor on matters of public interest.
October 31, 2018 -
No liquidity crunch in NBFCs, inflation under control: RBI
On Tuesday, the Finance Minister held the central bank responsible for the mountain of bad loans in the nation's banking system.
October 30, 2018 -
Govt-RBI rift: Jaitley slams apex bank for bad loans, chairs meet with Urjit Patel, deputy
The rift between the government and the RBI surfaced after Deputy Governor Viral Acharya in a hard-hitting speech on Friday pitched for “effective independence” of the central bank.
October 30, 2018