‘Talk to me’, says RBI governor Shaktikanta Das in relief to markets
6 years, 1 month ago

‘Talk to me’, says RBI governor Shaktikanta Das in relief to markets

Live Mint  

Central bank communication is a double-edged sword. On his first day as governor of the central bank, veteran civil servant Shaktikanta Das made it clear that he is willing to talk to everyone. Bond yields dropped 10 basis points on Wednesday on hopes that Das would turn monetary policy accommodative, helping the government fire up growth ahead of the general election in 2019. The first test would be on 14 December when the new governor would chair the central bank’s board meet. Wednesday’s comments by Das should add to this optimism on banks, considering that the new RBI chief is willing to give market participants a quick hearing.

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History of this topic

Raghuram Rajan recalls having ’plenty of cooperation’ with govt as RBI governor: ‘Whether BJP or Congress…’
3 weeks, 4 days ago

Raghuram Rajan recalls having ’plenty of cooperation’ with govt as RBI governor: ‘Whether BJP or Congress…’

Live Mint  

Former RBI governor Raghuram Rajan recalled having an amicable relationship with the government during his tenure as RBI governor — irrespective of the party in power. The former top official also recalled a conversation with then Finance Minister Arun Jaitley where he was given the green signal to “clean up” the system after bad loans “tumbled out” during an asset …

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings
Top News
1 month ago

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings

Hindustan Times  

NEW DELHI: Achieving the right balance between inflation and growth, a key tradeoff for all economies, is “the most important task for the Reserve Bank of India ”, Shaktikanta Das, the outgoing governor of India’s central bank, said on Tuesday. The government on Dec 9 appointed revenue secretary Sanjay Malhotra as the new central bank governor, surprising markets, which expected …

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings
1 month ago

RBI governor Shaktikanta Das, who kept a hawk’s eye on inflation, ends innings

Hindustan Times  

NEW DELHI: Achieving the right balance between inflation and growth, a key tradeoff for all economies, is “the most important task for the Reserve Bank of India ”, Shaktikanta Das, the outgoing governor of India’s central bank, said on Tuesday. The government on Dec 9 appointed revenue secretary Sanjay Malhotra as the new central bank governor, surprising markets, which expected …

India’s Departing Central Bank Governor Leaves a Lasting Legacy
1 month ago

India’s Departing Central Bank Governor Leaves a Lasting Legacy

Live Mint  

-- As Shaktikanta Das finishes up his tenure as India’s central bank governor, handing over the reins to a career bureaucrat, many have praised his performance as a relative outsider who leaned on diplomacy to propel the world’s fastest-growing major economy to new heights. Though many expected the government to extend Das’s tenure — and tied the final choice of …

In Shaktikanta Das' farewell message, a ‘big thank you’ to ‘Team RBI’
1 month ago

In Shaktikanta Das' farewell message, a ‘big thank you’ to ‘Team RBI’

Hindustan Times  

Shaktikanta Das, the outgoing governor of the Reserve Bank of India, thanked ‘Team RBI’ in his farewell message ahead of formally demitting office on Tuesday. RBI's outgoing governor Shaktikanta Das Shaktikanta Das posted on X, “A BIG thank you to the entire Team RBI. He also extended his ‘heartful thanks’ to finance minister Nirmala Sitharaman, noting that under her, the …

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’
1 month ago

RBI Governor Shaktikanta Das bids adieu on X, talks of ‘unprecedented global shocks’

Live Mint  

Reserve Bank of India Governor Shaktikanta Das is stepping down today, December 10. ‘Benefitted from PM Modi's Thoughts and Ideas’ Thanking the prime minister, Das added, “Immensely grateful to the Hon’ble PM Narendra Modi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts.” …

Shaktikanta Das' tenure as RBI governor likely to be extended: Report
1 month, 3 weeks ago

Shaktikanta Das' tenure as RBI governor likely to be extended: Report

India Today  

The government is planning to extend the tenure of Reserve Bank of India Governor Shaktikanta Das for a second time, reported news agency Reuters. Shaktikanta Das, who has been heading the RBI since December 2018, has already surpassed the typical five-year term seen in recent decades. Shaktikanta Das, a seasoned bureaucrat, was appointed as RBI governor during a period of …

Key decisions of central bank cannot be left to politicians, says former RBI Governor Subbarao
8 months, 3 weeks ago

Key decisions of central bank cannot be left to politicians, says former RBI Governor Subbarao

The Hindu  

Former Governor of the Reserve Bank of India Duvvuri Subbarao on April 24 said key decisions tasked to the central bank such as reining in inflation änd ensuring price stability cannot be delegated to politicians as the latter have a short cycle. “You can’t leave those decisions to politicans.,” the former IAS officer said, pointing out that decisions on price …

India sought probe into ex-RBI gov Rajan for helping ‘white man’
2 years, 9 months ago

India sought probe into ex-RBI gov Rajan for helping ‘white man’

Al Jazeera  

Indian government accused its RBI of setting interest rates to favour developed nations, pushing it to slash the rates. New Delhi, India – A year after the government led by Narendra Modi’s BJP came to power in 2014, the top finance ministry official accused the Reserve Bank of India of setting interest rates to benefit developed countries and sought a …

Geopolitical developments have aggravated challenges: RBI’s Shaktikanta Das
2 years, 10 months ago

Geopolitical developments have aggravated challenges: RBI’s Shaktikanta Das

The Hindu  

Financial markets the world over have turned extremely volatile as they have been left grappling with heightened uncertainty over the pace of future monetary policy normalisation, Reserve Bank of India Governor Shaktikanta Das said on Friday. “Recent geopolitical developments have further aggravated the challenges and dilemmas for the central banks,” Mr Das said, without providing any further details on the …

RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health post pandemic
3 years, 3 months ago

RBI Governor Shaktikanta Das pitches for higher investment in infrastructure, health post pandemic

India TV News  

Reserve Bank Governor Shaktikanta Das on Wednesday pitched for higher investment in infrastructure and reforms in labour and product markets to achieve sustainable growth post-pandemic. Addressing AIMA National Management Convention, Das underlined the need for increased investment in healthcare education, digital and physical infrastructure to ensure sustainable growth and generate employment opportunities. Noting that the pandemic has affected the poor …

Blockchain Good, But 'Major Concerns' About Cryptocurrency: RBI Governor Shaktikanta Das
3 years, 10 months ago

Blockchain Good, But 'Major Concerns' About Cryptocurrency: RBI Governor Shaktikanta Das

News 18  

Shaktikanta Das, governor of the Reserve Bank of India, said earlier today that the central bank has voiced concerns around the viability of cryptocurrencies with the Indian government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required the Parliament also will consider and …

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs
4 years ago

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs

News 18  

Reserve Bank Governor Shaktikanta Das continued discussions with MDs and CEOs of both public and private sector banks on Wednesday. The discussions, which began Tuesday, included the assessment of the current economic situation and outlook, monetary policy transmission, credit flows to different sectors of the economy including stressed sectors and MSMEs, among other matters. An RBI statement said that in …

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis
5 years, 6 months ago

Former RBI governor Urjit Patel says before 2014, RBI and government was slow in tackling bank crisis

Op India  

In his first remarks after resigning from the position of governor of Reserve Bank of India, Urjit Patel held banks, government and the RBI responsible for the spiraling crisis of bad loan mess and the following low capital buffers till 2014. Patel was invited at Standford University where he spoke about the areas of concern for the country’s banking sector …

Six months into Shaktikanta Das’ term in Reserve Bank, the central bank is a tamed, friendly beast for the govt
5 years, 7 months ago

Six months into Shaktikanta Das’ term in Reserve Bank, the central bank is a tamed, friendly beast for the govt

Firstpost  

During the course of Urjit Patel’s tenure, the RBI repeatedly reminded the government about why it should be left alone to do its job On 12 December 2018, the Narendra Modi-government appointed Shaktikanta Das as the 25th governor of the Reserve Bank of India after the controversial resignation of Das’ predecessor, Urjit Patel. In his public outburst, Acharya went a …

RBI chief Shaktikanta Das seen as safe no matter who wins Elections 2019
5 years, 8 months ago

RBI chief Shaktikanta Das seen as safe no matter who wins Elections 2019

Live Mint  

Mumbai: India’s central bank Governor Shaktikanta Das has built up support on both sides of the political divide, making his position relatively safe under a new government no matter who wins the election. Before becoming governor, Das was economic affairs secretary in Modi’s government, and the public face of the prime minister’s controversial decision in November 2016 to ban high-value …

RBI governor Shaktikanta Das meets finance minister Arun Jaitley ahead of monetary policy meeting
5 years, 9 months ago

RBI governor Shaktikanta Das meets finance minister Arun Jaitley ahead of monetary policy meeting

Firstpost  

New Delhi: Reserve Bank of India Governor Shaktikanta Das Monday met Finance Minister Arun Jaitely, and is believed to have discussed the current economic situation, ahead of the first bi-monthly monetary policy for 2019-20. The meeting of the six-member Monetary Policy Committee to decide on the first bi-monthly policy statement for 2019-20 will be held from 2 to 4 April. …

Opinion | An intruder undermines RBI
5 years, 10 months ago

Opinion | An intruder undermines RBI

Live Mint  

Bankruptcy proceedings usually involve protecting a firm’s assets from creditors. The ruling by the bankruptcy court, which is overseeing the government- Already India has lost two RBI governors because, among other things, they dared to ask banks to acknowledge problem loans in time, classify them correctly and make adequate provisions for losses. Already-delayed Indian tribunal proceedings will stretch forever, with …

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues
6 years ago

RBI governor Shaktikanta Das meets private sector bankers; discusses liquidity issues

Firstpost  

At the past two meetings held between RBI and state- run banks, Das had deliberated on the prompt correction action framework. Mumbai: The Reserve Bank governor Shaktikanta Das on Thursday held meetings with top private sector lenders and discussed liquidity issues and the flow of credit to small and medium businesses, according to bankers. This is the third meeting Das …

RBI governor Shaktikanta Das to meet private sector and cooperative banks next week
6 years ago

RBI governor Shaktikanta Das to meet private sector and cooperative banks next week

Firstpost  

Shaktikanta Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due to differences with the government. New Delhi: RBI Governor Shaktikanta Das on Thursday said he will meet representatives of private sector banks and cooperative banks next week to discuss issues and concerns. Das took over as 25th Governor …

‘New RBI governor Shaktikanta Das’ appointment dangerous, could unleash financial terror,’ warns Shiv Sena
6 years, 1 month ago

‘New RBI governor Shaktikanta Das’ appointment dangerous, could unleash financial terror,’ warns Shiv Sena

Hindustan Times  

In a no-holds-barred assault, the Shiv Sena in Mumbai on Saturday termed the appointment of new Reserve Bank of India Governor Shaktikanta Das as “dangerous” with a potential to unleash ‘financial terror’ in the country. The Shiv Sena in Mumbai on Saturday termed the appointment of new Reserve Bank of India Governor Shaktikanta Das as “dangerous” with a potential to …

Amidst speculations over Govt-RBI stand off, Jaitley asks how a mere discussion be considered ‘destruction’ of an institution
6 years, 1 month ago

Amidst speculations over Govt-RBI stand off, Jaitley asks how a mere discussion be considered ‘destruction’ of an institution

Op India  

Finance Minister Arun Jaitley, while speaking at the Times Networks India Economic Conclave today, stated that though there are ‘two or three areas of differences’ between the RBI and the Government, how a mere discussion on its functioning could be considered “destruction” of an institution. Amidst allegations by the opposition that his government has created a situation wherein the Reserve …

Shaktikanta Das’s 1st board meet as RBI chief to pose new worries about autonomy
6 years, 1 month ago

Shaktikanta Das’s 1st board meet as RBI chief to pose new worries about autonomy

Hindustan Times  

The central bank board will meet on Friday with much of the hostility of the past two months with the government having eased, and new worries emerging about the institution’s independence. Prime Minister Narendra Modi has a new ally at the Reserve Bank of India in Governor Shaktikanta Das, who may be more amenable to the government’s requests to ease …

Promise integrity, autonomy of RBI: New governor Shaktikanta Das takes charge
6 years, 1 month ago

Promise integrity, autonomy of RBI: New governor Shaktikanta Das takes charge

Hindustan Times  

New Reserve Bank of India governor Shaktikanta Das took charge on Wednesday, promising to uphold its autonomy and integrity, a day after the government moved swiftly to appoint him to the helm of the central bank to fill the vacancy left by Urjit Patel’s resignation. On Tuesday, he was appointed RBI’s 25th governor, replacing Patel, who resigned on Monday with …

'RBI is accountable': New Governor Shaktikanta Das promises to consult govt, all stakeholders on key policy issues
6 years, 1 month ago

'RBI is accountable': New Governor Shaktikanta Das promises to consult govt, all stakeholders on key policy issues

India TV News  

RBI’s newly-appointed Governor Shaktikanta Das on Wednesday vowed to uphold the "autonomy, integrity and credibility" of the RBI though he added that every institution must adhere to the principles of accountability. Das took charge as the RBI Governor a day after Urjit Patel resigned amidst a tiff with the Central government on the issue of RBI's autonomy. Health of public …

Will uphold credibility and autonomy: Shaktikanta Das, new RBI Governor
6 years, 1 month ago

Will uphold credibility and autonomy: Shaktikanta Das, new RBI Governor

Hindustan Times  

New Reserve Bank of India Governor Shaktikanta Das said on Wednesday he would adopt a consultative approach and move quickly to meet bank chiefs and other parties to tackle issues facing the sector. Speaking on the relations between the Central government and the RBI, the new Governor said, “I don’t know if the relationship is good or not but we …

New RBI governor Shaktikanta Das opens the door for consultations
6 years, 1 month ago

New RBI governor Shaktikanta Das opens the door for consultations

Live Mint  

Mumbai: The new Reserve Bank of India governor, Shaktikanta Das, used his first day in office on Wednesday to immediately change his predecessor’s style of functioning. Assuming charge as RBI’s 25th governor, Das said he would take a more consultative approach and move quickly to address some of the pressing issues. “I wouldn’t go into issues between RBI and government, …

Shaktikanta Das as new RBI governor: Industry expects new central bank head to address liquidity issue urgently
6 years, 1 month ago

Shaktikanta Das as new RBI governor: Industry expects new central bank head to address liquidity issue urgently

Firstpost  

New Delhi: Industry body CII on Tuesday said the appointment of former bureaucrat Shaktikanta Das as the new RBI Governor comes as a huge sentiment booster to the industry and expressed confidence that he will take urgent steps to address the liquidity squeeze in the economy. The Government, in selecting an experienced economic expert, has avoided disruption and imparted huge …

Shaktikanta Das assumes charge as 25th RBI governor
6 years, 1 month ago

Shaktikanta Das assumes charge as 25th RBI governor

Live Mint  

New Delhi: Shaktikanta Das, former economic affairs secretary, has assumed charge on Wednesday as the 25th governor of the Reserve Bank of India. The government on Tuesday appointed Das, 61, as the RBI governor for a three-year term, a day after Urjit Patel tendered his resignation. Das, a 1980-batch Tamil Nadu cadre IAS officer, oversaw the re-monetisation of the economy …

Shaktikanta Das to take charge as RBI Governor today; All you need to know
6 years, 1 month ago

Shaktikanta Das to take charge as RBI Governor today; All you need to know

ABP News  

New Delhi: Shaktikanta Das, who as Economic Affairs Secretary steered the monetary situation post-demonetisation, will take charge as the RBI Governor on Wednesday. Das was appointed as the as the new RBI Governor by the government on December 11, 2018, a day after Urjit Patel resigned amidst a tiff with the government on the RBI's autonomy. The official order said …

New RBI Governor Shaktikanta Das: A journey from North Block to Mint Street
6 years, 1 month ago

New RBI Governor Shaktikanta Das: A journey from North Block to Mint Street

Hindustan Times  

For a career bureaucrat who was equally at ease with three different finance ministers, the journey from North Block to Mint Street has often seen him adopting a non-confrontational approach and building consensus on tackling tricky issues. Former finance secretary Shaktikanta Das has been appointed as the new governor of Reserve Bank of India. Considered an efficient implementer and a …

Shaktikanta Das is Modi’s Man on RBI Hot Seat, But So Was Urjit Patel Before it Got Too Hot to Handle
6 years, 1 month ago

Shaktikanta Das is Modi’s Man on RBI Hot Seat, But So Was Urjit Patel Before it Got Too Hot to Handle

News 18  

New Delhi: The next Governor of the RBI, Shaktikanta Das, is no stranger to the ways the Modi government works. Not just a senior bureaucrat whom the Modi government seems quite comfortable with, Das has also previously served on the central bank’s board. Remember, among the reasons for the deep divide between the government and the RBI was the perceived …

RBI governor Shaktikanta Das: Once beaten, second time lucky
6 years, 1 month ago

RBI governor Shaktikanta Das: Once beaten, second time lucky

Live Mint  

New Delhi: When Prime Minister Narendra Modi announced the invalidation of 86% of currency notes on 8 November 2016, only a small group of carefully chosen bureaucrats were in the loop. Economic affairs secretary Shaktikanta Das was the top bureaucrat in the finance ministry who was leading the secret mission and ultimately became the government’s face explaining and clarifying the …

Shaktikanta Das is new head of RBI: Will former bureaucrat be able to get central bank, govt on same page?
6 years, 1 month ago

Shaktikanta Das is new head of RBI: Will former bureaucrat be able to get central bank, govt on same page?

Firstpost  

Shaktikanta Das worked with the government and hence knows how the machinery works which is very important at a time when there is constant dialogue needed between the Central bank and the Finance Ministry. The appointment of Shaktikanta Das as the new governor of the Reserve Bank of India is not really unexpected as his name was definitely doing the …

Who is Shaktikanta Das? The New RBI Governor on the Block
6 years, 1 month ago

Who is Shaktikanta Das? The New RBI Governor on the Block

The Quint  

The new governor takes charge at a time a number of contentious issues persist between the central bank and the government. At the last board meeting of the RBI’s central board in November, it had been decided to set up a committee to re-look at the economic capital framework adopted by the RBI. The board is scheduled to meet next …

Shaktikanta Das, who oversaw demonetisation, is new RBI governor
6 years, 1 month ago

Shaktikanta Das, who oversaw demonetisation, is new RBI governor

Live Mint  

New Delhi/Mumbai: The government on Tuesday appointed Shaktikanta Das, member of the fifteenth finance commission, as the governor of the Reserve Bank of India, a day after Urjit Patel resigned at the end of a bruising tussle with the government over the regulator’s independence and the regulation of banks. Das, who was secretary in the department of economic affairs when …

Opinion | Reserve Bank of India governor goes far too quietly
6 years, 1 month ago

Opinion | Reserve Bank of India governor goes far too quietly

Live Mint  

People who know Urjit Patel, the Reserve Bank of India governor, told me he would stay on and fight. But after a November meeting of the institution’s board, it looked like the central bank and the government had decided not to bring matters to a head and Patel, whose term expires in September 2019, would stick around. The terse resignation …

RBI governor Urjit Patel resigns as rift with govt widens
6 years, 1 month ago

RBI governor Urjit Patel resigns as rift with govt widens

Live Mint  

Urjit Patel resigned as governor of India’s central bank amid growing differences with the government on addressing issues ranging from problems at the country’s lenders to utilization of capital reserves. The differences came out in the open when Deputy Governor Viral Acharya, in a hard-hitting speech in October, defended the central bank’s independence and sought more freedom in supervising state-run …

RBI Governor Urjit Patel parries all questions about spat with govt
6 years, 1 month ago

RBI Governor Urjit Patel parries all questions about spat with govt

India TV News  

Reserve Bank Governor Urjit Patel Wednesday refused comments on the friction with the government, including the invocation of the never-before-used Section 7 or the proposed economic capital framework for the central bank. Another questions seeking his views on deputy governor Viral Acharya’s public posturing on RBI autonomy and on the economic capital management framework were also met with similar replies. …

Govt, RBI should have continuous dialogue to address problems affecting economy: Vice President M Venkaiah Naidu
6 years, 1 month ago

Govt, RBI should have continuous dialogue to address problems affecting economy: Vice President M Venkaiah Naidu

Firstpost  

New Delhi: In an apparent reference to the recent spat between the government and the Reserve Bank, Vice President M Venkaiah Naidu on Tuesday said there should be a regular dialogue between the two in the boardroom to arrive at solutions to address problems affecting the economy. Amid growing tensions with the central bank, the Finance Ministry had earlier sought …

Government, RBI must work together, end turf war
6 years, 1 month ago

Government, RBI must work together, end turf war

Deccan Chronicle  

The ostentatious turf battle between the Union finance ministry and the Reserve Bank of India is not the real issue. As India still reels under the socialist module of controlling economic activities, which the present government perpetuates, the public sector banks are pushed and prodded to finance government schemes, whether it be infrastructure projects, agriculture loans and loan waivers, start-up …

Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending
6 years, 2 months ago

Govt to continue pressing Reserve Bank of India for relaxing norms, funds to boost lending

Firstpost  

The reports of rift between the central bank and the government surfaced last month following which the finance ministry reportedly started discussion with the RBI under the never-used before Section 7 of the RBI Act. New Delhi: Keeping up the heat on the Reserve Bank of India, the government will continue to press the central bank to relax norms to …

Finance Ministry baits RBI afresh, two days after declaring truce
6 years, 2 months ago

Finance Ministry baits RBI afresh, two days after declaring truce

Live Mint  

New Delhi: Two days after declaring a truce with the Reserve Bank of India, the ministry of finance has baited the central bank again, pointing out that the financial markets remain resilient and there are no signs of the wrath of the market. Garg’s comments are seen as a response to a speech by RBI deputy governor Viral Acharya last …

The cast of characters in the Govt vs RBI fight
6 years, 2 months ago

The cast of characters in the Govt vs RBI fight

Live Mint  

A day after the two sides publicly and bitterly crossed each other, the Reserve Bank of India and the union government took a step back on Wednesday. Here’s a look at the key personalities involved in the public spat: Urjit Patel, governor of the Reserve Bank of India RBI governor Urjit Patel’s silence is also his biggest weapon: he has …

RBI Governor Urjit Patel versus Centre: Finance ministry offers truce, but not without warning Central bank about its behaviour
6 years, 2 months ago

RBI Governor Urjit Patel versus Centre: Finance ministry offers truce, but not without warning Central bank about its behaviour

Firstpost  

It is important both for the RBI and the government to acknowledge the weakness in the economy and engage in more constructive consultations rather than using roadshows to deploy pressure tactics. The government statement clearly acknowledges the need for RBI autonomy but within the framework of the RBI Act, by calling it “essential and accepted” in an economy. This is …

Public Airing Of Rift Between RBI, Govt Must Stop: Rakesh Mohan
6 years, 2 months ago

Public Airing Of Rift Between RBI, Govt Must Stop: Rakesh Mohan

The Quint  

Public sparring between the central government and the central bank is not healthy for an economy like India, cautioned former Reserve Bank of India Deputy Governor Rakesh Mohan. “I do hope that saner heads will prevail.” On Friday, RBI Deputy Governor Viral Acharya, in a public speech, aired concerns over some of the ways in which the government could impinge …

Govt vs RBI: Arun Jaitley, Urjit Patel settle for an uneasy truce, for now
6 years, 2 months ago

Govt vs RBI: Arun Jaitley, Urjit Patel settle for an uneasy truce, for now

Live Mint  

New Delhi/Mumbai: A day after the two sides publicly and bitterly crossed each other, the Reserve Bank of India and the union government took a step back on Wednesday. Conceding that differences can arise, the carefully-worded finance ministry release admonished RBI, saying, “ government of India has never made public the subject matter of those consultations. The first letter was …

RBI chief Urjit Patel set to meet Arun Jaitley today amid growing rift
6 years, 2 months ago

RBI chief Urjit Patel set to meet Arun Jaitley today amid growing rift

Live Mint  

Mumbai: India’s finance minister and its central bank governor are set to meet face-to-face in New Delhi on Tuesday amid mounting tension between them over the autonomy of monetary policy makers. Finance Minister Arun Jaitley will chair a meeting of the Financial Stability and Development Council, which Governor Urjit Patel is scheduled to attend. The tension prompted former Finance Minister …

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