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RBI resisted govt push for Rs 3 lakh crore transfer in 2018 ahead of elections: Viral Acharya

This apparently had led to differences between RBI and the government, which even contemplated invoking never-used Section 7 of the Reserve Bank of India Act to issue directions to the central bank.

Urjit patelBimal jalanBank boardReserve bankViral acharyaIndia actMemorial lectureRestoring financial stabilityReserve bank board

Viral Acharya RBI: RBI resisted govt push for Rs 3 lakh cr transfer in 2018 ahead of elections: Viral Acharya

Former Reserve Bank of India (RBI) Deputy Governor Viral Acharya has revealed in a prelude to his book that the RBI resisted a government plan in 2018 to extract Rs 2-3 lakh crore from its balance sheet for populist spending in the run-up to the 2019 general elections. The government even considered invoking a never-used section of the RBI Act to issue directions to the central bank.

New delhiBimal jalanUrjit patelBank boardReserve bankViral acharyaIndia actMemorial lectureRestoring financial stabilityReserve bank boardViral acharya rbiNarendra modi government

RBI resisted govt push for Rs 3 lakh cr transfer in 2018 ahead of elections: Viral Acharya

New Delhi: The Reserve Bank (RBI) resisted a

New delhiReserve bankViral acharyaIndia actMemorial lectureRestoring financial stability

FEMA disaster relief hangs in the balance

FEMA disaster relief hangs in the balance
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RBI resisted govt push for ₹3 lakh crore transfer in 2018 ahead of elections: Viral Acharya

RBI resisted govt push for ₹3 lakh crore transfer in 2018 ahead of elections: Viral Acharya
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Bimal jalanUrjit patelBank boardReserve bankViral acharyaIndia actMemorial lectureRestoring financial stabilityReserve bank board

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