Attempt to attack RSS ideologue S Gurumurthy’s residence in Chennai foiled by security guards, eight arrested
A group of men allegedly belonging to a Dravidian outfit attempted to hurl a petrol bomb at the residence of noted Hindutva ideologue S Gurumurthy here but it was foiled by alert sentries aided by a dog's bark, police said on Monday.
Economists vs CAs: Statistics, scriptures can be tweaked to win over rivals, but what matters is the ground reality
Mirrors don’t lie but statistics can especially given the leeway available to the compiler of data to interpret them to further his cause or viewpoint.
RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,
RBI constitutes committee on Economic Capital Framework, appoints former governor Bimal Jalan as chairman
Former deputy governor Rakesh Mohan has been appointed as vice chairman of the committee, the RBI said
It must be remembered that unlike his predecessor Raghuram Rajan, Urjit Patel supported, not so reluctantly, the controversial 2016 decision to demonetise high-value currency notes.
With regard to powers of the RBI board, Rajan said there is "an extreme" change in the nature of the governance of the RBI for the "board to become an operational board, that is to make operational decisions".
Urjit Patel resigns as RBI governor: Raghuram Rajan, Arun Jaitley, Narendra Modi, Congress and more weigh in
Urjit Patel's resignation as the governor of Reserve Bank of India on Monday has drawn a sharp reaction from politicians, economists as well as industry leaders inlcuding foremr governor Raghuram Rajan, who said, 'all Indians should be concerned'
In its nine-hour meeting held last week, the Reserve Bank of India's board had decided to constitute a committee of experts to examine the ECF
RBI Board meet: Round one goes to govt; after the ugly public spat, Governor Urjit Patel has been shown his place
RBI board meet outcome is a clear victory for govt; RBI has been shown its place
RBI board meeting: Expert committee to look into issues concerning capital surplus of Rs 9.69 lakh crore
The RBI said that it has decided to constitute an expert committee to examine the ECF, the membership and terms of reference of which will be jointly determined by the government the central bank
Patel and his deputies along with a few independent directors too are expected to support the RBI's mission to clean up bank balance sheets, sources said.
RBI board meeting: Central bank likely to reach common ground with govt on some key issues; all you need to know
The RBI is also expected to consider a special dispensation for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs) which have been facing liquidity issues.
Now stacked with government nominees who can be counted on to support the administration, the Reserve Bank of India board is being transformed from having a passive advisory role into a body that can exert pressure for policy change
RBI vs govt: At 19 November board meet, S Gurumurthy’s economic theories and other pain points await Urjit Patel
Gurumurthy’s recent comments had challenged the central bank on multiple issues and some of his economic theories had surprised many.
S Gurumurthy makes case for calibration of RBI's Rs 9.6 lakh cr reserves, says no central bank maintains such high surplus
Gurumurthy, who was appointed to the board of RBI a few months back, said the capital adequacy ratio prescribed in India is 1 percent higher than the global Basel norms
Tensions between the RBI and the government have escalated recently, with the Finance Ministry initiating discussion under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI Governor
Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flow
Relations between the RBI and the Finance Ministry have soured in the last month after the North Block started consultations under the never-used Section 7 of the RBI Act
RBI vs govt: The 18 'wise men' tasked with supervision of Mint Street watched for next course of action
The entire board is appointed by the government under the RBI Act, which mandates the central board with "general superintendence and direction of the Reserve Bank's affairs".
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.
The removal of Nachiket Mor half-way through his tenure is a rare incident in the RBI and would certainly have not gone down well with the central bank's top brass