October 31, 2018
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53:10Now PlayingSection 7 of the RBI Act has come into spotlight amid the war between the Central government and the Reserve Bank of India (RBI). The provision in the RBI Act empowers the government to issue directions to the RBI. The government has invoked never-before-used powers under the RBI Act allowing it to issue directions to the central bank governor on matters of public interest, in a development that gives a new twist to the ongoing skirmish between RBI and the government. Has the government curbed RBI's autonomy? Listen in!
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