RBI Governor Shaktikanta Das to steer first central board meet today amid autonomy row
The meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons.
The meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons.
The expert committee to be set up jointly by the government and the RBI will now decide about the adequate size of the capital base.
The RBI board meeting is likely to reflect the uneasiness between the government and the central bank over a host of issues including the economic capital framework, capital adequacy, and liquidity for MSMEs.
Earlier media reports claimed that RBI Governor Urjit Patel could resign at the central bank’s next board meeting on November 19.
Congress spokesperson Abhishek Singhvi claimed the Modi government earned a windfall gain of Rs. 12 lakh crore in the past four years through heavy taxation on petrol and diesel.
Patel’s meetings at the PMO came days before the RBI’s crucial board meeting on November 19 during which contentious issues are likely to come up for discussion.
