ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

RBI Central Board meet: Governance Framework among key issues discussed

Mumbai (Maharashtra) [India], Dec 14 (ANI): The Reserve Bank of India's (RBI) Central Board on Friday deliberated on the banks's Governance Framework during its meeting here and concluded that the matter required further examination, the central bank's Chief General Manager, Jose J. Katoor confirmed.

ANI Dec 14, 2018 19:23 IST googleads

Representative Image

Mumbai (Maharashtra) [India], Dec 14 (ANI): The Reserve Bank of India's (RBI) Central Board on Friday deliberated on the banks's Governance Framework during its meeting here and concluded that the matter required further examination, the central bank's Chief General Manager, Jose J. Katoor confirmed.
In a statement, Katoor said that during the meeting under the Chairmanship of newly-appointed Governor Shaktikanta Das, the Board reviewed, inter alia, the current economic situation, global and domestic challenges, and matters relating to liquidity.
The meeting comes in the wake of tensions between the RBI and the government regarding the former's 'independence', with former Governor Urjit Patel abruptly resigning from his post on Monday citing "personal reasons".
The recent rift between the RBI and the union government was widely debated after Deputy Governor Viral Acharya stressed the need to ensure the central bank's independence.
Questions were also raised on the alleged interference in RBI after the government invoked the never-used Section 7 of the RBI Act, which allows the government to "give such directions to the RBI as it may after consultation with the Governor of the Bank consider necessary in the public interest."
A day after Patel's stepping down, former economic affairs secretary Shaktikanta Das was appointed as the new governor of the central bank with immediate effect. (ANI)

Get the App

What to Read Next

Politics

Gujarat CM Bhupendra Patel distributes 40 EV cars to ITIs

Gujarat CM Bhupendra Patel distributes 40 EV cars to ITIs

Gujarat chief minister Bhupendra Patel on Thursday distributed 40 electric cars to Industrial Training Institutes (ITIs) across the state in Gandhinagar to facilitate practical training in electric vehicle technology for trainees in the Motor Mechanic trade. During the event, the Chief Minister also inaugurated 50 Dhanvantari Arogya Rath and six Mobile Medical Vans to provide doorstep primary healthcare services to construction workers and labourers.

Read More
General News

Gujarat CM Bhupendra Patel’s significant decision for farmers

Gujarat CM Bhupendra Patel’s significant decision for farmers

According to an official release, through this decision, CM has adopted a farmer-centric approach to safeguard rural farmers' interests by ensuring the transparent and accurate resolution of objections related to land measurements after promulgation, while also promoting Ease of Doing Business.

Read More
Politics

Gujarat CM gifts 1,999 development projects to Sabarkantha

Gujarat CM gifts 1,999 development projects to Sabarkantha

Marking a significant step in the development of Sabarkantha district, Chief Minister Bhupendra Patel today inaugurated and laid the foundation stones for 1,999 development works worth around Rs 72 crore from Navalpur village in Talod taluka.

Read More
General News

Nearly 5 lakh drug samples tested in 5 years to ensure safe medic

Nearly 5 lakh drug samples tested in 5 years to ensure safe medic

The manufacture, sale and distribution of drugs are regulated in the country under the provisions of Drugs & Cosmetics Act, 1940 and Rules thereunder through a system of licensing and inspection, an official release from Ministry of Health and Family Welfare said.

Read More
General News

Hotel associations call for "uninterrupted" LPG

Hotel associations call for

"Indian government has introduced Essential Commodities act, as gas supply for cylinders should be avoided, and only domestic cylinders should be given. We are forcing the Central government to bring the hotels under the Essential Commodities section. The government has ordered the oil companies to give commercial cylinders to health, agriculture, and education. How can hotel industry survive without cylinders it is the main source for us," Santosh Malnad, Director Hotel owners association told ANI.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.