Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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-The Indian Express

Last Wednesday, the finance ministry said that the autonomy for the RBI &ldquo;is an essential&rdquo; and both the government and the RBI have to be &ldquo;guided by public interest and the requirements of the Indian economy&rdquo;. 

New Delhi:..."/>
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-The Indian Express

Last Wednesday, the finance ministry said that the autonomy for the RBI &ldquo;is an essential&rdquo; and both the government and the RBI have to be &ldquo;guided by public interest and the requirements of the Indian economy&rdquo;. 

New Delhi:..." />
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    <h1 class="cat-box-title">Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no -Sunny Verma</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Last Wednesday, the finance ministry said that the autonomy for the RBI &ldquo;is an essential&rdquo; and both the government and the RBI have to be &ldquo;guided by public interest and the requirements of the Indian economy&rdquo;. <br /><br />New Delhi: </em>AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the total Rs 9.59 lakh crore reserves of the central bank, to the government. The ministry has suggested that this surplus can be managed jointly by the RBI and the government.<br /><br />The Finance Ministry claims that the existing economic capital framework &mdash; which governs the RBI&rsquo;s capital requirements and terms for the transfer of its reserves to the government &mdash; is based on a very &ldquo;conservative&rdquo; assessment of risk by the central bank.<br /><br />Sources have confirmed to The Indian Express that the RBI views this attempt by the Government to dip into its reserves can adversely impact macro-economic stability. And so the RBI has not accepted the proposed changes, sources said.<br /><br />For its part, the Finance Ministry argues that the current framework was &ldquo;unilaterally&rdquo; adopted by the RBI in July 2017 because both the government nominees on the Board were not present during the meeting. The government did not accede to this framework and has since then been constantly seeking discussions with the RBI.<br /><br />The government is of the view that RBI has over-estimated its capital reserves requirements resulting in excess capital of Rs 3.6 lakh crore.<br /><br />Please <a href="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/" title="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/">click here</a> to read more.</div>                                                           
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                            <div align="justify">-The Indian Express<br /><br /><em>Last Wednesday, the finance ministry said that the autonomy for the RBI &ldquo;is an essential&rdquo; and both the government and the RBI have to be &ldquo;guided by public interest and the requirements of the Indian economy&rdquo;. <br /><br />New Delhi: </em>AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the total Rs 9.59 lakh crore reserves of the central bank, to the government. The ministry has suggested that this surplus can be managed jointly by the RBI and the government.<br /><br />The Finance Ministry claims that the existing economic capital framework &mdash; which governs the RBI&rsquo;s capital requirements and terms for the transfer of its reserves to the government &mdash; is based on a very &ldquo;conservative&rdquo; assessment of risk by the central bank.<br /><br />Sources have confirmed to The Indian Express that the RBI views this attempt by the Government to dip into its reserves can adversely impact macro-economic stability. And so the RBI has not accepted the proposed changes, sources said.<br /><br />For its part, the Finance Ministry argues that the current framework was &ldquo;unilaterally&rdquo; adopted by the RBI in July 2017 because both the government nominees on the Board were not present during the meeting. The government did not accede to this framework and has since then been constantly seeking discussions with the RBI.<br /><br />The government is of the view that RBI has over-estimated its capital reserves requirements resulting in excess capital of Rs 3.6 lakh crore.<br /><br />Please <a href="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/" title="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/">click here</a> to read more.</div>                                                           
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-The Indian Express

Last Wednesday, the finance ministry said that the autonomy for the RBI &ldquo;is an essential&rdquo; and both the government and the RBI have to be &ldquo;guided by public interest and the requirements of the Indian economy&rdquo;. 

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    <h1 class="cat-box-title">Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no -Sunny Verma</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>Last Wednesday, the finance ministry said that the autonomy for the RBI &ldquo;is an essential&rdquo; and both the government and the RBI have to be &ldquo;guided by public interest and the requirements of the Indian economy&rdquo;. <br /><br />New Delhi: </em>AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the total Rs 9.59 lakh crore reserves of the central bank, to the government. The ministry has suggested that this surplus can be managed jointly by the RBI and the government.<br /><br />The Finance Ministry claims that the existing economic capital framework &mdash; which governs the RBI&rsquo;s capital requirements and terms for the transfer of its reserves to the government &mdash; is based on a very &ldquo;conservative&rdquo; assessment of risk by the central bank.<br /><br />Sources have confirmed to The Indian Express that the RBI views this attempt by the Government to dip into its reserves can adversely impact macro-economic stability. And so the RBI has not accepted the proposed changes, sources said.<br /><br />For its part, the Finance Ministry argues that the current framework was &ldquo;unilaterally&rdquo; adopted by the RBI in July 2017 because both the government nominees on the Board were not present during the meeting. The government did not accede to this framework and has since then been constantly seeking discussions with the RBI.<br /><br />The government is of the view that RBI has over-estimated its capital reserves requirements resulting in excess capital of Rs 3.6 lakh crore.<br /><br />Please <a href="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/" title="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/">click here</a> to read more.</div>                                                           
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    <br><a href="https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/" class="re" target="_blank">The Indian Express, 6 November, 2018, https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/</a><div class="clear"></div>
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Home हिन्दी

Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no -Sunny Verma

Published on Nov 6, 2018   Modified on Nov 6, 2018

-The Indian Express Last Wednesday, the finance ministry said that the autonomy for the RBI “is an essential” and both the government and the RBI have to be “guided by public interest and the requirements of the Indian economy”. New Delhi: AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the total Rs 9.59 lakh crore reserves of the central bank, to the government. The ministry has suggested that this surplus can be managed jointly by the RBI and the government. The Finance Ministry claims that the existing economic capital framework — which governs the RBI’s capital requirements and terms for the transfer of its reserves to the government — is based on a very “conservative” assessment of risk by the central bank. Sources have confirmed to The Indian Express that the RBI views this attempt by the Government to dip into its reserves can adversely impact macro-economic stability. And so the RBI has not accepted the proposed changes, sources said. For its part, the Finance Ministry argues that the current framework was “unilaterally” adopted by the RBI in July 2017 because both the government nominees on the Board were not present during the meeting. The government did not accede to this framework and has since then been constantly seeking discussions with the RBI. The government is of the view that RBI has over-estimated its capital reserves requirements resulting in excess capital of Rs 3.6 lakh crore. Please click here to read more.

The Indian Express, 6 November, 2018, https://indianexpress.com/article/india/govt-wants-rs-3-6-lakh-crore-from-rbi-a-third-of-its-reserves-central-bank-says-no-5435504/

Tagged with: Reserve Bank of India Reserve Bank of India (RBI) MINISTRY OF FINANCE

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