Section 7 Rbi Act

Govt-RBI rift: Aim of central bank board is to sensible, thoughtful like Rahul Dravid, says Raghuram Rajan

The RBI led by Governor Urjit Patel and the government has not been on the same page on different issues for some months now.

From demonetisation jokes to becoming RBI’s knight in shining armour, Urjit Patel is now the real rockstar of Mint road

RBI governor Urjit Patel's next major test will come in the days ahead when the RBI board will meet on 19 November.

RBI-govt spat: International Monetary Fund against interference that compromises central bank's independence

The standoff was in relation to RBI's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector.

RBI autonomy row: Govt cites never-used powers of issuing directions for resolving issues with central bank

Finance ministry and RBI are said to have differed on the central bank's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector.