Latest News on Section 7
Showing of 0 - 10 from 13 results
Section 7 - Total results - 13
Dec 05, 2018
RBI-government rift: Central bank governor Urjit Patel parries all questions about spat with CentreSpeaking at the customary post-RBI policy presser after the fifth bi-monthly policy review, wherein the policy rates were left unchanged, Urjit Patel parried three questions on these issues.
Nov 30, 2018
No liquidity crisis for any segments except gems and jewellery sector, says govt nominee on RBI boardThe spike in the cost of funds is due to an increased risk perception, and not due to lack of liquidity in the system.
Nov 25, 2018
Why would anybody think that the independence of the central bank is at stake, says S C GargLaying to rest rumours that the government had asked for capital reserves from the Reserve Bank of India, S C Garg, Economic Affairs Secretary emphatically said in an interview with CNBC-TV18 that it was a 'figment of imagination'.
Nov 19, 2018
Crucial RBI board meet underway to discuss key issues; 23 October meeting lasted for 8 hoursPatel 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.
Nov 16, 2018
RBI vs govt: At 19 November board meet, S Gurumurthy’s economic theories and other pain points await Urjit PatelGurumurthy’s recent comments had challenged the central bank on multiple issues and some of his economic theories had surprised many.
Nov 12, 2018
Backing RBI on NPAs, Finance Minister Arun Jaitley says minimising bad loans alone will ensure credit flowRelations 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
Nov 11, 2018
RBI vs govt: The 18 'wise men' tasked with supervision of Mint Street watched for next course of actionThe 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".
Nov 07, 2018
Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lendingThe 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.
Nov 06, 2018
From demonetisation jokes to becoming RBI’s knight in shining armour, Urjit Patel is now the real rockstar of Mint roadRBI governor Urjit Patel's next major test will come in the days ahead when the RBI board will meet on 19 November.
Nov 05, 2018
RBI autonomy: Bimal Jalan says it’s central bank’s job to implement govt policy, governor should quit if differences cannot be resolvedThe sharply depreciating rupee amidst rising global oil prices and the massive foreign funds outflow from the capital market are not crises