Rbi Autonomy

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Rbi Autonomy - Total results - 25
Shaktikanta Das as RBI governor: Central bank is a quiet, but happening place with current chief at helm for a year
Business

Shaktikanta Das as RBI governor: Central bank is a quiet, but happening place with current chief at helm for a year

Shortly before his resignation, one of former RBI governor Urjit Patel’s deputies, Viral Acharya, had made a scathing attack on the government on the issue of RBI’s autonomy in one of his speeches

Food surpluses have led to dip in farmers' income; spending on natural calamities not populist expenditure: Arun Jaitley
Business

Food surpluses have led to dip in farmers' income; spending on natural calamities not populist expenditure: Arun Jaitley

Jaitley underlined that there have been precedents of interim budgets containing major policy announcements to tackle an urgent situation

Operational independence of central banks like RBI key for carrying out responsibilities: IMF
Business

Operational independence of central banks like RBI key for carrying out responsibilities: IMF

The RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF, Gerry Rice, IMF Director, Communication, said

RBI is part and parcel of govt; central bank has to share economic vision of Centre: Union minister Nitin Gadkari
Business

RBI is part and parcel of govt; central bank has to share economic vision of Centre: Union minister Nitin Gadkari

The comments come days after the past RBI governor Urjit Patel suddenly resigned in protest following a host of issues with the government, including those on autonomy and its operational integrity

Shaktikanta Das presser: The new RBI governor is everything his predecessor Urjit Patel was not
Business

Shaktikanta Das presser: The new RBI governor is everything his predecessor Urjit Patel was not

The tone and tenor of Shaktikanta Das suggest that he is likely to be more sympathetic to the government’s growth concerns not just RBI’s inflation worries.

RBI autonomy 'sacred', should not be compromised, says former CEO Arvind Subramanian
Business

RBI autonomy 'sacred', should not be compromised, says former CEO Arvind Subramanian

"RBI has a very good reputation for very good reasons (and) maintaining the functional autonomy in decision-making and governance is absolutely sacred, we must not compromise on that," Arvind Subramanian said

Shaktikanta Das, Narendra Modi’s demonetisation man, has a fresh task at hand: Tame a rebellious central bank
Business

Shaktikanta Das, Narendra Modi’s demonetisation man, has a fresh task at hand: Tame a rebellious central bank

Two years after note ban, Shaktikanta Das has been given another task by the Modi government--to douse the raging fire at Mint Road

Urjit Patel resignation: The vigilant owl flies out in protest, as the nest comes under attack
Business

Urjit Patel resignation: The vigilant owl flies out in protest, as the nest comes under attack

Urjit Patel succeeded Raghuram Rajan to the 19th floor corner office of the Mint Road, saw through the badly implemented demonetisation decision.

Rift with Centre doesn't challenge RBI's autonomy, says former SEBI chairman N Damodaran
Business

Rift with Centre doesn't challenge RBI's autonomy, says former SEBI chairman N Damodaran

Former SEBI chairman N Damodaran on Tuesday said the Reserve Bank of India (RBI) continues to be a strong institution and its recent differences with the government does not challenge its autonomy

Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending
Business

Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending

The reports of rift between the central bank and the government surfaced last month following which the finance ministry reportedly started discussion with the RBI under the never-used before Section 7 of the RBI Act.

RBI Governor Urjit Patel versus Centre: Finance ministry offers truce, but not without warning Central bank about its behaviour
India

RBI Governor Urjit Patel versus Centre: Finance ministry offers truce, but not without warning Central bank about its behaviour

It is important both for the RBI and the government to acknowledge the weakness in the economy and engage in more constructive consultations rather than using roadshows to deploy pressure tactics.

Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says report
Business

Arun Jaitley holds high-level meeting to discuss liquidity issues; no discussion on RBI-govt differences, says report

Unlike in the past, all the four RBI deputy governors attended Tuesday's FSDC meeting along with Patel.

RBI-government spat shows central bank's independence, says Morgan Stanley India research head Ridham Desai
Business

RBI-government spat shows central bank's independence, says Morgan Stanley India research head Ridham Desai

American brokerage Morgan Stanley on Tuesday said the Reserve Bank is more independent than it was in the past and the debate triggered by deputy governor Viral Acharya last week illustrates the progress on this front

RBI vs Narendra Modi government: Public spat won’t help, but India’s best bet is not to mess with its central bank
Business

RBI vs Narendra Modi government: Public spat won’t help, but India’s best bet is not to mess with its central bank

Almost every RBI governor, be it Y V Reddy or D Subbarao, have pitched for central bank autonomy in public forums inviting the wrath of the government of the day.

RBI-govt rift: Finance Minister Arun Jaitley flays central bank for failing to prevent lending excess during 2008 to 2014
Business

RBI-govt rift: Finance Minister Arun Jaitley flays central bank for failing to prevent lending excess during 2008 to 2014

The tensions between the RBI and the central government were brought to light recently by deputy RBI governor, Viral Acharya last week

Govt very upset with Reserve Bank of India for making rift public, holds Urjit Patel responsible
Business

Govt very upset with Reserve Bank of India for making rift public, holds Urjit Patel responsible

Government officials have recently called for the Reserve Bank of India to relax its lending restrictions on some banks

RBI autonomy issue: Country's economic system works with cooperation of all parties, says Vijaya Bank MD RS Sankara Narayanan
Business

RBI autonomy issue: Country's economic system works with cooperation of all parties, says Vijaya Bank MD RS Sankara Narayanan

RBI Deputy Governor Viral Acharya's recently pitched for "effective independence" of the central bank.

RBI autonomy:  Why Modi govt must stay at an arm’s length from Mint Road
Business

RBI autonomy: Why Modi govt must stay at an arm’s length from Mint Road

A toothless, weakened central bank wouldn’t do any good for any aspiring economy

Note ban policy: RBI's autonomy under threat, say experts
Business

Note ban policy: RBI's autonomy under threat, say experts

"The government said the RBI has recommended the demonetisation. I do not know whether the government has forced the RBI to ask or the RBI took the call on its own," RBI's former Deputy Governor K.C. Chakrabarty told IANS over phone from London.

Raghuram Rajan felt 2013 rupee scheme was 'completely idiotic'
Business

Raghuram Rajan felt 2013 rupee scheme was 'completely idiotic'

Dr Rajan today said the RBI has in-principle reached an agreement with the Parliamentary Standing Committee on the proposal that the central bank top brass led by the Governor should depose twice a year before the panel.