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Explained: Why SC order on RBI's controversial 'February 12 circular' matters

The central bank’s controversial ‘February 12 circular’ — which tightened the framework for the resolution of stressed assets — has been struck down by the Supreme Court. What had the RBI intended to do, and what impact is the court order likely to have?

Arun Jaitley on Urjit Patel: Never asked RBI Governor to resign

Jaitley also said the government and the central bank held cordial discussions over the issue of reserves during the RBI's board meeting.

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Yes Men

Shaktikanta Das, in his new position in the RBI will be surrounded by reliable economists. His challenge will be more about making sound ethical judgments (hopefully), while keeping the powers-that-be, happy. That’s an art in itself, learnt only from the university of hustle and experience.

Sensex jumps 629 pts on end of poll results’ uncertainty, new RBI Governor appointment

Shaktikanta Das was Tuesday named the new governor of the Reserve Bank of India.

After Urjit Patel leaves, NITI Aayog's Vice Chairman says RBI not dependent on one person

Niti Aayog Vice Chairman Rajiv Kumar Tuesday said the central bank's institutional capabilities are 'very strong'.

Full text: RBI Governor Urjit Patel's resignation letter

"On account of personal reasons, I have decided to step down from my current position effective immediately," the letter read.

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Urjit Patel's resignation 'severe blow to nation's economy': Manmohan Singh

"Building institutions take a long time and effort but they can be destroyed in a whimper," former prime minister Manmohan Singh said.

RBI Governor Urjit Patel has left. Now what?

Understanding the background of Monday’s extraordinary development, and what might follow.

Urjit Patel resigns: From interest rates to demonetisation, here's how the RBI-Centre rift widened

The RBI and the government had developed differences over several issues.

Urjit Patel not the first RBI governor to resign

The long history of friction between the central bank and the government has led to the resignations of three RBI governors before the end of their term.

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Reserve Bank Of India Keeps Repo Rate Unchanged Post Demonetisation

The Reserve Bank of India on Wednesday announced that the repo rate would remain unchanged at 6.25 per cent. Consequently, the reverse repo rate under the LAF remains unchanged at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. Governor Urjit Patel announced that the central bank […]

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