RBI vs Government: The 18 wise men tasked to supervise Mint Street
NEW DELHI: As an unprecedented fight plays out between the Reserve Bank of India (RBI) and the Narendra Modi government, it is the central bank’s 18 board members who are being keenly watched for their next course of action — they are not only central bankers and government officials but also business leaders, economists and […]
Government says not seeking massive reserve transfer from RBI, in talks for ‘capital framework’
NEW DELHI: Amid a face-off with the Reserve Bank of India (RBI), the government of India said it is discussing an “appropriate” size of capital reserves that the central bank must maintain but denied seeking a massive capital transfer from the Reserve Bank. The Reserve Bank of India (RBI) has a massive Rs 9.59 lakh […]