Rbi Vs Centre

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IndiaNov 13, 2018, 3:03 PM IST
Narendra Modi attempts to assuage Urjit Patel's concern

Tensions have escalated recently, with the finance ministry initiating discussion under Section 7 of the RBI Act, 1934, which empowers the government to issue directions to RBI governor
IndiaNov 2, 2018, 11:40 AM IST
RBI vs Centre: IMF says it is against government interference in central banks

The row was sparked off last Friday when RBI Deputy Governor Viral Acharya in a hard-hitting speech warned that undermining central bank's independence could be "potentially catastrophic", possible indication of the RBI being pushed to relax its policies ahead of general elections next year.

Narendra Modi attempts to assuage Urjit Patel's concern