RBI Governor Urjit Patel may not resign as he has called a board meeting on November 19 to discuss the pending issues, which created a rift between the government and the central bank, in the previous meeting held last week.
Meanwhile, the finance ministry said on Wednesday that it respects the central bank's autonomy. “The autonomy of the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Governments in India have nurtured and respected this,” the economic affairs department of the finance ministry said in a ...
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