Centre Rbi Conflict

Former Chief Economic Adviser Arvind Subramanian on Saturday said the independence of the Reserve Bank of India was vital, and any attempts by the government to coerce the central bank into parting with its cash would amount to a "raid".

The Reserve Bank of India's board met for more than nine hours in Mumbai today in the middle of an unprecedented power tussle between the government and the central bank. Sources say the meeting, which brought RBI chief Urjit Patel face-to-face with several nominees of the government, ended on a conciliatory note, with the central bank agreeing to ...

A crucial board meeting of the Reserve Bank of India has begun amid reports that the government has proposed a change in rules that will enable tighter supervision of the country's central bank. The move will give supervisory role to the board, which, critics say, is already filled with the government's men. While the move is seen as heightening te...

Former Chief Economic Adviser Arvind Subramanian on Saturday said the independence of the Reserve Bank of India was vital, and any attempts by the government to coerce the central bank into parting with its cash would amount to a "raid".

The Reserve Bank of India's board met for more than nine hours in Mumbai today in the middle of an unprecedented power tussle between the government and the central bank. Sources say the meeting, which brought RBI chief Urjit Patel face-to-face with several nominees of the government, ended on a conciliatory note, with the central bank agreeing to ...

A crucial board meeting of the Reserve Bank of India has begun amid reports that the government has proposed a change in rules that will enable tighter supervision of the country's central bank. The move will give supervisory role to the board, which, critics say, is already filled with the government's men. While the move is seen as heightening te...