Not seeking Rs 3.6 lakh crore from RBI, clarifies Centre amid autonomy row
The Congress has accused Prime Minister Narendra Modi's government of being bent on 'snatching' the contingency reserves of the RBI.
The Congress has accused Prime Minister Narendra Modi's government of being bent on 'snatching' the contingency reserves of the RBI.
Reports earlier in the day said that the government has invoked never-before-used powers under Section 7 of the RBI Act allowing it to issue directions to the central bank governor on matters of public interest.
As India starves for dollars, the stranglehold of external forces over India tightens. Is it any surprise that the rupee moved from 58 to 73 a dollar in the last four years?
