If the central bank's board rubber-stamped the currency exchange decision, it is clear then that RBI's autonomy has been compromised In a recent interview I had with Y.V. Reddy, a former governor of Reserve Bank of India (RBI), about financial ... Livemint.com, 1 month ago
Reduce the central bank's assets which are largely in the form of government securities to the extent of the currency notes extinguished An interesting side issue in the controversy over demonetisation is how this will have an impact on the Reserve ...Livemint.com, 1 month ago
'A government can't just take away public money, and the RBI can't extinguish its liability.''The RBI has to honour the value any time a person with legal and taxed money lays claim on the value,' Anup Roy points out. Many, including some in the government, are saying that the withdrawal of high value currency notes will lead to a windfall to the Centre through dividends earned from the Reserve Bank of India, but people familiar with the RBI balance sheet say that is unlikely the case. What ...Rediff.com, 2 months ago
Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist, reports Archis Mohan. Black money is not just wads of notes Concerned at a 'sustained campaign' by political rivals to discredit the demonetisation of Rs 500 and Rs 1,000 notes, the Narendra Modi government and the Bharatiya Janata Party have launched a multi-pronged outreach. The spearhead of the campaign is Finance Minister Arun Jaitley and BJP President Amit Shah is the chief ...Rediff.com, 2 months ago
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