Page 7 - Rbi Vs Government

RBI governor should work in sync with govt or resign: RSS affiliate

Mahajan said that the government had every right to use the powers of the RBI act

Markets rally as rift between RBI, govt eases; global cues aid sentiment

Market players said the statement issued by the government to defuse the tension with the RBI had helped market sentiment

RTI confirms Rajan sent PM Modi list of bank defaulters in February 2015

Asked what action was taken after receiving Rajan's list of NPA defaulters suspected of fraud, the PMO replied that this information does not fall within the scope of RTI

After Acharya's remarks, RBI employees association seeks bank's autonomy

Pitching for "effective independence", RBI Deputy Governor Viral Acharya had said govts that do not respect central bank's independence would sooner or later incur the wrath of the financial markets

Govt and RBI must resume consultations, instead of airing their differences

Independence of RBI as a regulator is vital and this can be easily undermined by such public display of differences

Why govt and RBI are at loggerheads: Here's a list of issues they differ on

From a banking crisis to interest rates, the RBI has often found itself on opposing sides to government officials this year

Govt vs RBI: When governors of central bank fought for its autonomy

Acharya's assertions are not surprising considering he himself has been a proponent of keeping central banking separated from any government oversight

RBI governor may consider resigning after rift with government: CNBC TV18

The RBI was not immediately available for comment

RBI Governor Urjit Patel may resign on rift with govt, reports say

The 10-year benchmark bond yield rose to 7.87% from its previous close of 7.83%

Market sentiment may take a hit again if Urjit Patel resigns, say analysts

Government officials have recently called for the RBI to relax its lending restrictions on some banks, and the government has also been trying to trim the RBI's regulatory powers.

Govt may have invoked never-used powers in talks with RBI Governor

The RBI has received letters from the government seeking Governor Urjit Patel's views on issues ranging from the authority's handling of weak state-run lenders to tight liquidity

Government vs RBI: All you need to know about Section 7 of the RBI Act

The government has written to the RBI hinting it may invoke Section 7 of the Reserve Bank of India Act 1934 - a provision that has never been used since the inception of the law

Govt vs RBI: What is the need to invoke Section 7 now, asks Chidambaram

The senior Congress leader said that the governments he was a part of in the past had never used Section 7 of the Reserve Bank of India Act of 1934

Always respected, nurtured central bank's autonomy: FinMin amid RBI rift

The statement came after reports said that RBI Governor Urjit Patel may consider resigning from his post given a breakdown in relations with the government

Amid RBI rift, FinMin says govt nurtured, respected central bank's autonomy

Both the government and RBI, in their functioning, have to be guided by public interest and the requirement of the Indian economy, FinMin said in a statement

Did it or didn't it? FinMin silent over invocation of section 7 of RBI Act

Section 7 of the RBI Act empowers the government to issue directions to the RBI, after consultation with the Governor, on issues of public interest

RBI Governor Urjit Patel may not resign, calls board meeting on Nov 19

The autonomy of the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement, the Finance Mininstry said in a statement on Wednesday