E-PaperSection 7 News
Section 7 of RBI Act on the backburner but threat remains
Section 7 of RBI Act will remain an active option for the government whenever decisive steps to ease the pain of key sections of the economy are to be taken
2 min read21 Nov 2018Opinion | A thin line divides RBI autonomy, alignment
The past decade's steady sound of the government chipping away at RBI's powers and autonomy has now reached a crescendo
4 min read19 Nov 2018RBI deputy governor Viral Acharya in government crosshairs
The government and some independent directors on the RBI board are upset with deputy governor Viral Acharya for his public outburst on protecting RBI autonomy
3 min read14 Nov 2018Govt refuses to yield on Section 7 of RBI Act
The government will not yield ground on its rights to issue a directive to RBI, even as it claimed that contentious issues between the two should be resolved at the RBI board meeting on 19 November
4 min read12 Nov 2018Raghuram Rajan says RBI is a seat belt for government
Once you have appointed these deputy governors and governor, you have to listen to them because that is what you have appointed them for, they are your safety belt: Former RBI governor Raghuram Rajan
5 min read6 Nov 2018Opinion | Eroding the functional autonomy of RBI
The government appears to wish to weaken or erode the functional (if not legal) autonomy of the RBI, by imposing its will across a range of areas
4 min read5 Nov 2018RBI can’t claim complete autonomy: PMEAC’s Bibek Debroy
RBI is not truly, truly independentno central bank is; in India, the monetary policy is not completely delinked from fiscal policy, says PMEAC chairman Bibek Debroy
3 min read2 Nov 2018RBI vs Government: Not the last word
If the government wants regulatory changes, it should make the suggestion and leave it to RBI to take a call; forcing the latter's hand will not help
1 min read1 Nov 2018Opinion | The ball was always in the government’s court
Undermining the ability of the RBI to take decisions will affect market confidence and end up complicating the policy environment
3 min read2 Nov 2018The history of the contentious ‘RBI Act Section 7’
No government has so far invoked Section 7 of the RBI in the Reserve Bank of India's 83-year history
2 min read1 Nov 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared