Urjit Patel’s virtual dismissal and Viral Acharya’s resignation from the Reserve Bank of India are old news. Its capture by the Delhi government is extreme even by Indian standards; but no...

The RBI’s reserves consist of two parts: the first is a contingent reserve buffer (CRB) that the Bimal Jalan committee described as “realised equity”, and the second is a notional fu...

The Congress on Wednesday accused the Narendra Modi government of destroying the banking and financial sectors with bad decisions, failing to punish defaulters and curbing the autonomy of the RBI. Ar...

Rahul Gandhi has asked Prime Minister Narendra Modi why he did not want to take an action against bank defaulters, responding to revelations made by former RBI governor Urjit Patel in his book that di...

Prime Minister Narendra Modi has tried to play down the embarrassment his government suffered over the futility of the demonetisation exercise by claiming that the sudden move to ban high-value curren...

As Prime Minister Narendra Modi’s government turns up the heat on the Reserve Bank of India (RBI) governor to do its bidding ahead of next year's general election it is getting the central bank’s ...

Former RBI governor Raghuram Rajan has expressed concerns about the excessive centralisation of power in political decision-making in the country.“India can’t work from the centre. India works whe...

Former finance minister P. Chidambaram on Thursday linked the government-RBI strife to the Centre’s sudden demand for a huge amount from the central bank and feared the government would inflict “a...

The Congress on Wednesday cited the Reserve Bank of India controversy to make the point that the Narendra Modi government, which celebrated the birth anniversary of Sardar Patel with such fanfare, was...

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