Centre Vs Rbi
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RBI is part of the government and has to support the Centre’s economic vision: Nitin Gadkari
The Union minister denied that the BJP-led government had ‘destroyed’ the central bank as an institution in any way.
Scroll Staff
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Urjit Patel’s resignation as RBI chief will raise India’s risk perception, says rating agency Fitch
Increased government influence in the central bank could undermine efforts to address the bad loan problem, it added.
Scroll Staff
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Urjit Patel resignation: ‘All Indians should be concerned,’ says former RBI Governor Raghuram Rajan
Former Prime Minister Manmohan Singh said Patel’s resignation is a ‘severe blow’ to India’s economy.
Scroll Staff
Trending
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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The real reason why Modi says what he does – Hindu India accepts it
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The Assam voter who no longer supports the BJP because of the CAA
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‘My son lost his job during demonetisation but at least it removed black money’
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‘Supporter of BJP met me’: Surat candidates on the various reasons they withdrew from the election
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RBI Governor Urjit Patel steps down, citing personal reasons
Speculation over his resignation began last month after a rift between the Centre and the central bank became public.
Scroll Staff
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RBI versus Centre: Round 2 on December 14, government may keep up pressure
The bank gave way on several of the government’s demands at the first board meeting on November 19.
Devangshu Datta
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As central banks around the world battle populists, Reserve Bank of India is in the spotlight
India isn’t alone. Trump says the Federal Reserve has gone ‘loco’. Italy’s deputy prime minister accused his central bank of ‘poisoning the atmosphere’.
Anirban Nag, Bloomberg.com
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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Government-RBI truce? It’s actually a defeat for India’s central bank – and institutional stability
For the first time, the RBI has been forced to acknowledge that the government has a say in what it does with its reserves.
Mihir Sharma, Bloomberg
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‘Standoff between central bank, government not a happy thing,’ says RBI board member S Gurumurthy
The Reserve Bank of India’s board has a crucial meeting scheduled for Monday.
Scroll Staff
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Centre has not sought Rs 3.6 lakh crore from RBI, clarifies senior finance ministry official
Economic Affairs Secretary Subhash Chandra Garg claimed a report saying they had asked the central bank for the sum was ‘misinformed speculation’.
Scroll Staff
The Reel
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‘Late Night with the Devil’ review: A deft satire on the price of success
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Watch: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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In ‘Tahader Katha’, the many partitions endured by a freedom fighter
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Watch: Ryan Reynolds and Hugh Jackman in ‘Deadpool & Wolverine’ trailer
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Centre and RBI must listen to each other and respect each other’s turf, says Raghuram Rajan
The former central bank governor likened the RBI to a seat belt and said the government was a driver who can decide whether to put it on or not.
Scroll Staff
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Can RBI withstand government pressure exerted under Section 7 of the RBI Act?
The text of the law suggests that the government has overriding powers. But this will not be simple.
Sruthisagar Yamunan