Independence Of The Reserve Bank Of India
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RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
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Institutions Must Remain Independent Despite "Marching Orders": Raghuram Rajan
Urjit Patel's resignation from the post of Reserve Bank of India governor has spurred a number of economists - including his predecessor Raghuram Rajan - to stress on the need for the country's top institutions to function in a manner "independent" of the government's demands.
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Creative Tension Must Exist Between RBI, Government: Arvind Subramanian
Former Chief Economic Advisor (CEA) Arvind Subramanian opined that although the Reserve Bank of India's (RBI) independence is sacred, there must be "creative tension" between the central bank and government. Mr Subramanian, who participated in an interactive session with entrepreneur and co-founder of Infosys Nandan Nilekani, was of the view that a...
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Operational Independence Of Central Banks Important: IMF On Reserve Bank
The International Monetary Fund (IMF) on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
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"Would Amount To Raiding RBI": Arvind Subramanian On Using Up Surplus
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".
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How RBI Chief Parried Questions On Autonomy Row With Government
The Reserve Bank of India chief Urjit Patel on Wednesday drew a veil over a public spat with the government, refusing to answer questions on a matter which had raised concerns that the central bank's independence could be undermined.
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On CBI, Chandrababu Naidu's "Collection Jibe" At Centre
Andhra Pradesh Chief Minister N Chandrababu Naidu Wednesday accused the BJP-led NDA government of converting the Central Bureau of Investigation into a "collection bureau" and damaging the independence of the Reserve Bank of India.
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"Glad Government Acknowledged Independence Of RBI": P Chidambaram
Former Union finance minister P Chidambaram Monday expressed happiness after the government "grudgingly acknowledged" the independence of the Reserve Bank of India.
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Praising Notes Ban, RBI's Gurumurthy Says Economy Would Have Collapsed
Ahead of next week's crucial board meeting of RBI, the central bank's independent director and RSS ideologue S Gurumurthy Thursday made a case for calibration of its massive Rs 9.6 lakh crore reserves, saying no central bank in the world maintains such high levels of surplus.
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PM Modi Met RBI Chief For "First-Hand Account" Amid Rift: Sources
Prime Minister Narendra Modi and Reserve Bank Governor (RBI) Urjit Patel reportedly met last week in the middle of an unprecedented face-off between the government and the central bank on a range of issues including autonomy. The meeting took place on Friday, news agency PTI reported.
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Centre Wants RBI Reserves To Meet Fiscal Deficit, Alleges P Chidambaram
Former finance minister P Chidambaram today warned the NDA government against laying its hands on RBI reserves, saying it will have "catastrophic" economic consequences for the country. He also said the minutes of a Reserve Bank of India meeting on November 7, 2016 is a "comprehensive repudiation" of the government's "justification" for demonetisat...
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RBI Row: IMF Against Government Interference Of Any Kind In Central Banks
The International Monetary Fund or IMF said today that it was closely monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to any move that compromises the independence of central banks anywhere in the world.
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RBI vs Government: 10 Things To Know
The Reserve Bank of India (RBI) and the government appear to be heading on a collision course after one of the top officials of the central bank warned that undermining the RBI's independence could be "potentially catastrophic". Reports that RBI Governor Urjit Patel may resign after a breakdown in relations with the government also fuelled the cris...
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RBI Chief Should Work With Government Or Quit: RSS Economic Wing Head
The Reserve Bank of India governor should work in sync with the central government to support economic growth or he should resign, said the head of the economic wing of the Rashtriya Swayamsevak Sangh, which is the ideological mentor of Prime Minister Narendra Modi's ruling party, the BJP.
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India Transformed - The 1991 Economic Reforms: Highlights
Former Deputy Governor of the Reserve Bank of India Dr Rakesh Mohan, a key person in writing the new industrial policy of 1991, has now written a book to mark 70 years of independence that also comes 25 years after the reforms transformed India.
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RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
-
Institutions Must Remain Independent Despite "Marching Orders": Raghuram Rajan
Urjit Patel's resignation from the post of Reserve Bank of India governor has spurred a number of economists - including his predecessor Raghuram Rajan - to stress on the need for the country's top institutions to function in a manner "independent" of the government's demands.
-
Creative Tension Must Exist Between RBI, Government: Arvind Subramanian
Former Chief Economic Advisor (CEA) Arvind Subramanian opined that although the Reserve Bank of India's (RBI) independence is sacred, there must be "creative tension" between the central bank and government. Mr Subramanian, who participated in an interactive session with entrepreneur and co-founder of Infosys Nandan Nilekani, was of the view that a...
-
Operational Independence Of Central Banks Important: IMF On Reserve Bank
The International Monetary Fund (IMF) on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
-
"Would Amount To Raiding RBI": Arvind Subramanian On Using Up Surplus
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".
-
How RBI Chief Parried Questions On Autonomy Row With Government
The Reserve Bank of India chief Urjit Patel on Wednesday drew a veil over a public spat with the government, refusing to answer questions on a matter which had raised concerns that the central bank's independence could be undermined.
-
On CBI, Chandrababu Naidu's "Collection Jibe" At Centre
Andhra Pradesh Chief Minister N Chandrababu Naidu Wednesday accused the BJP-led NDA government of converting the Central Bureau of Investigation into a "collection bureau" and damaging the independence of the Reserve Bank of India.
-
"Glad Government Acknowledged Independence Of RBI": P Chidambaram
Former Union finance minister P Chidambaram Monday expressed happiness after the government "grudgingly acknowledged" the independence of the Reserve Bank of India.
-
Praising Notes Ban, RBI's Gurumurthy Says Economy Would Have Collapsed
Ahead of next week's crucial board meeting of RBI, the central bank's independent director and RSS ideologue S Gurumurthy Thursday made a case for calibration of its massive Rs 9.6 lakh crore reserves, saying no central bank in the world maintains such high levels of surplus.
-
PM Modi Met RBI Chief For "First-Hand Account" Amid Rift: Sources
Prime Minister Narendra Modi and Reserve Bank Governor (RBI) Urjit Patel reportedly met last week in the middle of an unprecedented face-off between the government and the central bank on a range of issues including autonomy. The meeting took place on Friday, news agency PTI reported.
-
Centre Wants RBI Reserves To Meet Fiscal Deficit, Alleges P Chidambaram
Former finance minister P Chidambaram today warned the NDA government against laying its hands on RBI reserves, saying it will have "catastrophic" economic consequences for the country. He also said the minutes of a Reserve Bank of India meeting on November 7, 2016 is a "comprehensive repudiation" of the government's "justification" for demonetisat...
-
RBI Row: IMF Against Government Interference Of Any Kind In Central Banks
The International Monetary Fund or IMF said today that it was closely monitoring the reported rift between the RBI and the Centre in India, and expressed its opposition to any move that compromises the independence of central banks anywhere in the world.
-
RBI vs Government: 10 Things To Know
The Reserve Bank of India (RBI) and the government appear to be heading on a collision course after one of the top officials of the central bank warned that undermining the RBI's independence could be "potentially catastrophic". Reports that RBI Governor Urjit Patel may resign after a breakdown in relations with the government also fuelled the cris...
-
RBI Chief Should Work With Government Or Quit: RSS Economic Wing Head
The Reserve Bank of India governor should work in sync with the central government to support economic growth or he should resign, said the head of the economic wing of the Rashtriya Swayamsevak Sangh, which is the ideological mentor of Prime Minister Narendra Modi's ruling party, the BJP.
-
India Transformed - The 1991 Economic Reforms: Highlights
Former Deputy Governor of the Reserve Bank of India Dr Rakesh Mohan, a key person in writing the new industrial policy of 1991, has now written a book to mark 70 years of independence that also comes 25 years after the reforms transformed India.
