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News digest: Govt vs RBI, Lion Air crash, banking shares rise, and more

Officials say there was no discussion in any board meeting, govt does not know the rationale behind revising the framework and how RBI arrived at it

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BS Web Team New Delhi
Govt angry over being in dark on PCA, NPA norms
 
Amid differences between the Reserve Bank of India (RBI) and the finance ministry, officials said the government was upset with the central bank for not consulting it before finalising norms for prompt corrective action (PCA) and classification of non-performing assets (NPAs). The RBI did not discuss these at its board meetings either, a senior government official said. Read more
 
India, Japan sign $75-billion currency-swap agreement
 
In another move by the Modi regime to shore up the rupee and address current account deficit (CAD) woes,

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First Published: Oct 30 2018 | 12:39 AM IST

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