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Total 35 results found. Search for [ Urjit Patel rift with government ]

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PTI
November 19, 2018



BusinessToday.In
New Delhi, November 19, 2018
As the Reserve Bank of India (RBI)'s board meets today to thrash out the many differences it has with the government, one of the key points of contention is the government's alleged demand for transfer of Rs 3.6 lakh crore of the central bank's reserves to itself.  BusinessToday.In Editor Rajeev Dubey talks about the three most contentious issues between the central bank and the government which are being discussed at the much-awaited meet.


Dipak Mondal
New Delhi, November 19, 2018
One of the key points of contention is the govt's alleged demand for transfer of Rs 3.6 lakh crore of RBI's reserves to itself.


BusinessToday.In
New Delhi, November 19, 2018
RBI board meeting today might see the two sides reach common groundThe ongoing rift with the government is set to play out at the RBI's crucial board meeting Monday, with the Finance Ministry nominees and some independent directors expected to take on Governor Urjit Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground. While there have been reports and demands from some quarters for the Governor to ...


PTI
November 19, 2018
Patel is unlikely to yield under pressure and will rather mount a strong defence of the central bank's policies regarding stringent NPA recognition norms as well as measures taken to ease credit supply to MSMEs.


PTI
November 18, 2018



Reuters
November 16, 2018
The move won't need actual cash infusion but only an accounting entry in banks, a process which has been used before as well by the government to increase capital adequacy ratios in banks.


Reuters
November 15, 2018
The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.


Reuters
November 7, 2018
The government and the RBI have been fighting for weeks over how much autonomy the RBI should have as the administration of PM Modi seeks to reduce curbs on lending and to gain access to the RBI's surplus reserves.


PTI
November 6, 2018



BusinessToday.In
November 2, 2018
In a clear reference to Acharya's remark, Department of Economic Affairs Secretary Subhash Chandra Garg tweeted that the economic parameters continued to remain strong with no backlash from markets.


PTI
November 2, 2018



Anilesh S Mahajan
New Delhi, November 1, 2018
Finance ministry officials said the autonomy of the RBI is within the framework of the RBI Act and is not absolute.


BusinessToday.In
New Delhi, October 31, 2018
MP Subramanian Swamy showed his support for Patel and said he must be persuaded to stay.


Reuters
New Delhi, October 30, 2018
In a speech to top industrialists Acharya cited the Argentine government's meddling in its central bank's affairs in 2010 as an example of what can go wrong.


PTI
October 29, 2018



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