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Amid RBI rift, FinMin says govt nurtured, respected central bank's autonomy
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Did it or didn't it? FinMin silent over invocation of section 7 of RBI Act

Section 7 of the RBI Act empowers the government to issue directions to the RBI, after consultation with the Governor, on issues of public interest

Topics
Rbi  |  Urjit Patel  |  Nbfcs

Indivjal Dhasmana  |  New Delhi 



Reserve Bank of India | File Photo
Reserve Bank of India | File Photo

Skirting the crucial issue of whether it has invoked section 7 of the Act, the ministry on Wednesday said the autonomy of the central bank within the purview of the Act is an essential and accepted governance requirement.

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First Published: Wed, October 31 2018. 13:45 IST

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