-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...
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IMF must not interfere in government vs RBI row: RSS economic wing -Anand Patel
-India Today The IMF had on Friday expressed concerns over the reports of growing interference of the Narendra Modi government in the Reserve Bank of India. Swadeshi Jagran Manch (SJM) -- the economic wing of Rashtriya Swayamsevak Sangh (RSS) -- on Saturday (November 3) asked the International Monetary Fund (IMF) to not interfere in the internal affairs of India. The IMF had on Friday expressed concerns over the reports of growing interference...
More »CIC issues show-cause notice to RBI governor for non-disclosure of wilful defaulter's list
-PTI “The Commission feels that there is no match between what RBI Governor and Deputy Governor say" The Central Information Commission (CIC) has issued a show-cause notice to RBI Governor Urjit Patel for “dishonouring” a Supreme Court judgment on disclosure of wilful defaulters’ list. The CIC has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram...
More »RTI confirms Rajan sent PM Modi list of bank defaulters in February 2015 -Dheeraj Mishra
-TheWire.in/ Business Standard 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 New Delhi: Information disclosed in response to an RTI request made by The Wire has confirmed that former Reserve Bank of India governor Raghuram Rajan indeed notified Narendra Modi of the need to probe key defaulters as early as eight...
More »Subverting the Central Bank -Prabhat Patnaik
-Newsclick.in The Modi government has been trying to cut the RBI down to size for quite some time. The Modi government’s penchant for subverting institutions has now extended to the Central Bank of the country. Not content with eliminating the Planning Commission; decimating the finest universities in India; crippling the premier public sector unit of the country, the ONGC, by interfering in its decision making; bringing the nationalised banks to grief by...
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