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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Seven firms that failed drug quality test gave money to political parties through electoral bonds
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Why did a Union minister say he would apply for Indian citizenship under CAA?
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Why the exodus from Bhutan of young people and qualified workers is a worry for India
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Electoral bonds: What we know so far, what we will know soon – and what we may never know
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Is shouting 'Pakistan zindabad' illegal? An SC order clarifies
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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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Caught on camera: Container ship hits and knocks down gantry cranes while docking at a Turkey port
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Watch: Temple in Kochi gets a mechanical elephant to perform prayer rituals
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Watch: Srinagar hosts Formula 4 car show on the roads around Dal Lake
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Watch: Scenes of damage after four coaches of a Sabarmati-Agra train were derailed in Ajmer
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Adorable animals: Playful elephant calf keeps stopping cleaner from raking leaves
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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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‘Adrishyam’ trailer: Eijaz Khan and Divyanka Tripathi Dahiya play undercover agents
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Prithviraj Sukumaran on what makes ‘The Goat Life’ special: ‘A deeply meditative character study’
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Start the week with a film: A riveting game of mind control in ‘The Manchurian Candidate’
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‘Crew’ trailer: Tabu, Kareena Kapoor Khan and Kriti Sanon play stewardesses involved in smuggling
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‘I wanted to land this film correctly’: Why actor Kunal Kemmu chose to direct ‘Madgaon Express’
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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