Financial Autonomy
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China Used Hong Kong Security Law to "Drastically Curtail Freedom": UK Report
Beijing has broken its legal obligations by undermining Hong Kong's high degree of autonomy and used a national security law to "drastically curtail freedoms" in the global financial hub, according to a report by Britain on its former colony.
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Hong Kong No Longer Autonomous From China: US Secretary Of State Tells Congress
US Secretary of State Mike Pompeo told Congress on Wednesday that Hong Kong no longer enjoys the autonomy promised by Beijing, stripping the financial hub of special trading rights.
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RBI Governor Urjit Patel's Surprise Exit Likely To Spook The Market: Experts
The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.
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"Will Miss Him": PM Modi Tweets His Farewell To RBI Governor Urjit Patel
Prime Minister Narendra Modi described Reserve Bank of India (RBI) Governor Urjit Patel as a "thorough professional with impeccable integrity" in a tweet today, minutes after the top central bank official resigned with immediate effect. His government was embroiled in a bitter clash with the RBI over autonomy issues until recently, a factor that ma...
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RBI Policy Meet Today, Governor's First Response On Autonomy Row Likely
After raising interest rates twice this year, the RBI will probably keep its repurchase rate unchanged at 6.5 per cent, according to 48 of 52 economists surveyed by Bloomberg.
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RBI May Review Lending Curbs, Restructure Some Loans: Report
The RBI has barred 11 state-run banks from lending under the so-called prompt corrective action plan until they improve their capital ratios, reduce bad debt and become profitable.
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Explainer: Why PM Modi Wants To Increase Control Over The RBI
The RBI is not statutorily independent, as the governor is appointed by the government, but it has enjoyed broad autonomy in regulating the banking sector.
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"In Public Interest", Says Centre, On Talks With RBI Amid Rift: 10 Points
Clarifying that the government holds "extensive consultations" with the central bank from time to time, the Centre on Wednesday said that it accepts the autonomy of the Reserve Bank of India within the framework of the RBI Act. Comments from the government came amid reports that it had invoked Section 7 of the RBI Act to direct the top bank in matt...
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Government Says It "Consults RBI From Time To Time", Accepts Its Autonomy
The government on Wednesday made it clear that it holds "extensive consultations with the government from time to time" but also accepts its autonomy.
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Arun Jaitley, RBI Chief Face-To-Face As Rift Is Out In Open: 10 Points
Finance Minister Arun Jaitley and RBI governor Urjit Patel came face-to-face at a meeting of a financial stability body today amid tension after Mr Patel's deputy made a strong call for autonomy for the central bank in a speech on Friday. The government asked RBI or the Reserve Bank of India for an assurance that any liquidity crisis faced by non-b...
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UGC Autonomy Move To Hurt Weaker Sections Of Society: AMU Teachers Association
The association said the granting of financial autonomy to universities including AMU made by the Central Government is a calculative move towards the privatisation of higher education.
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Strong Autonomy Message: Monetary Policy Committee Declines Finance Ministry's Meet Request
"The meeting did not take place. All the MPC members declined the request of the Finance Ministry for that meeting," Patel said, when asked about reports of such a meeting and if it compromises the autonomy of the RBI.
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New Panel On Interest Rate No Threat To RBI Autonomy: D Subbarao
The new interest rate setting Monetary Policy Committee (MPC) could enhance the autonomy of the Reserve Bank and will put greater discipline on both the central bank and the government to meet their targets, former RBI Governor D Subbarao has said.
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After Rajan's Exit, Investors Eye Independent RBI Chief To Champion Reforms
As India seeks a new Reserve Bank of India (RBI) chief, many investors are pushing a clear message: the successor to Raghuram Rajan may lack his gravitas, but must defend the central bank's autonomy at a critical juncture in its history.
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Banks Have Powers to Deal With Wilful Defaulters: Jaitley
Concerned over "unacceptable" levels of non-performing assets in the Indian banking system, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
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China Used Hong Kong Security Law to "Drastically Curtail Freedom": UK Report
Beijing has broken its legal obligations by undermining Hong Kong's high degree of autonomy and used a national security law to "drastically curtail freedoms" in the global financial hub, according to a report by Britain on its former colony.
-
Hong Kong No Longer Autonomous From China: US Secretary Of State Tells Congress
US Secretary of State Mike Pompeo told Congress on Wednesday that Hong Kong no longer enjoys the autonomy promised by Beijing, stripping the financial hub of special trading rights.
-
RBI Governor Urjit Patel's Surprise Exit Likely To Spook The Market: Experts
The government and the RBI have been fighting for weeks over how much autonomy the bank should have as the administration of Prime Minister Narendra Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.
-
"Will Miss Him": PM Modi Tweets His Farewell To RBI Governor Urjit Patel
Prime Minister Narendra Modi described Reserve Bank of India (RBI) Governor Urjit Patel as a "thorough professional with impeccable integrity" in a tweet today, minutes after the top central bank official resigned with immediate effect. His government was embroiled in a bitter clash with the RBI over autonomy issues until recently, a factor that ma...
-
RBI Policy Meet Today, Governor's First Response On Autonomy Row Likely
After raising interest rates twice this year, the RBI will probably keep its repurchase rate unchanged at 6.5 per cent, according to 48 of 52 economists surveyed by Bloomberg.
-
RBI May Review Lending Curbs, Restructure Some Loans: Report
The RBI has barred 11 state-run banks from lending under the so-called prompt corrective action plan until they improve their capital ratios, reduce bad debt and become profitable.
-
Explainer: Why PM Modi Wants To Increase Control Over The RBI
The RBI is not statutorily independent, as the governor is appointed by the government, but it has enjoyed broad autonomy in regulating the banking sector.
-
"In Public Interest", Says Centre, On Talks With RBI Amid Rift: 10 Points
Clarifying that the government holds "extensive consultations" with the central bank from time to time, the Centre on Wednesday said that it accepts the autonomy of the Reserve Bank of India within the framework of the RBI Act. Comments from the government came amid reports that it had invoked Section 7 of the RBI Act to direct the top bank in matt...
-
Government Says It "Consults RBI From Time To Time", Accepts Its Autonomy
The government on Wednesday made it clear that it holds "extensive consultations with the government from time to time" but also accepts its autonomy.
-
Arun Jaitley, RBI Chief Face-To-Face As Rift Is Out In Open: 10 Points
Finance Minister Arun Jaitley and RBI governor Urjit Patel came face-to-face at a meeting of a financial stability body today amid tension after Mr Patel's deputy made a strong call for autonomy for the central bank in a speech on Friday. The government asked RBI or the Reserve Bank of India for an assurance that any liquidity crisis faced by non-b...
-
UGC Autonomy Move To Hurt Weaker Sections Of Society: AMU Teachers Association
The association said the granting of financial autonomy to universities including AMU made by the Central Government is a calculative move towards the privatisation of higher education.
-
Strong Autonomy Message: Monetary Policy Committee Declines Finance Ministry's Meet Request
"The meeting did not take place. All the MPC members declined the request of the Finance Ministry for that meeting," Patel said, when asked about reports of such a meeting and if it compromises the autonomy of the RBI.
-
New Panel On Interest Rate No Threat To RBI Autonomy: D Subbarao
The new interest rate setting Monetary Policy Committee (MPC) could enhance the autonomy of the Reserve Bank and will put greater discipline on both the central bank and the government to meet their targets, former RBI Governor D Subbarao has said.
-
After Rajan's Exit, Investors Eye Independent RBI Chief To Champion Reforms
As India seeks a new Reserve Bank of India (RBI) chief, many investors are pushing a clear message: the successor to Raghuram Rajan may lack his gravitas, but must defend the central bank's autonomy at a critical juncture in its history.
-
Banks Have Powers to Deal With Wilful Defaulters: Jaitley
Concerned over "unacceptable" levels of non-performing assets in the Indian banking system, Finance Minister Arun Jaitley on Monday discussed with PSU bank chiefs the issue of wilful defaulters and said that the lenders have all the powers and autonomy to deal with them.
