Government cites never-used powers for resolving issues with RBI
01 November, 2018, 03:57 | Author: Mary Valdez
This is equally true of all other regulators. "Only the final decisions taken are communicated", the statement said.
Section 7 of the RBI Act empowers the government to issue directions to the central bank, after consultation with RBI Governor, on issues that it considers serious and of public interest. "But it is quite worrisome to see the government trying to continuously interfere into the RBI's operations".
However, there was no sign of resignation by Patel at the meeting, officials said. "It shows that the government is hiding facts about the economy and is desperate", he tweeted.
The council also noted the developments about strengthening of cybersecurity in the financial sector along with deliberating on the need for identifying and securing critical information infrastructure in the financial sector. The council also took note of progress made towards setting up of a Computer Emergency Response Team in the Financial Sector (CERT-Fin) under a Statutory Framework. "Both the Government and the Central Bank, in their functioning, have to be guided by public interest and the requirements of the Indian economy", it said, while adding that for the objective, extensive consultations on several issues take place between the Government and the RBI from time to time.
"Other issues discussed include market developments and financial stability implications of the use of RegTech and SupTech by Financial Firms and Regulatory and Supervisory Authorities, and implementing the recommendations of the Sumit Bose Committee Report on measures, such as, promoting appropriate disclosure regime for financial distribution costs", it added.
Indian Couple Falls 800 Ft To Death In California
They had previously been students at the College of Engineering, Chengannur , in India, where they studied engineering. The couple had recently moved from NY after Viswanath took a job as a systems engineer at Cisco , based in San Jose.
All you need to know about Statue of Unity
Buses will be available from the nearest Kevadiya Colony Bus Stand for Rs30 for adults and Re1 for children. As one enters the Sardar Sarovar project, one notices the idol of Goddess Narmada riding a crocodile.
Mueller: Women Were Offered Money to Smear Me
Reluctantly, I downloaded the app and he called me on that app a few minutes later, ' she wrote , according to the Atlantic . She said Christensen was reluctant to explain over the phone and urged her to download Signal, a secure messaging app.
For the goal, extensive consultations on several issues take place between the Government and the RBI from time to time.
After the meeting Pension fund regulator PFRDA Chairman Hemant Contractor said there was general discussion on the domestic and global economy.
The RBI and the finance ministry declined to comment.
The last meeting of the board was held earlier this month. In his speech, Acharya had defended the central bank's independence, saying its autonomy would be strengthened by having regulatory control over state-run banks.
It is being speculated that RBI GovernorUrjit Patel may choose to resign if a specific direction is issued to the central bank under Section 7.
Minority Affairs Minister Shahbaz Bhatti who also spoke in Ms Bibi's support was shot dead two months after Mr Taseer was killed. Bibi's supporters maintain her innocence and insist it was a personal dispute, and the Vatican has called for her release.
When the two physically confronted each other, a scuffle ensued and Michigan State coach Mike Dantonio was seen laughing. UCF debuted at No. 12, which is the highest ranking ever for a Group of Five team in the initial CFP Rankings.
Apple chief executive Tim Cook said the redesigned device would "push what you can do on a computer even further". This adapter exists because the new iPad Pro models do not have a headphone jack (#courage).
The practice extends citizenship to children born in the U.S. , even if their parents are unauthorized immigrants. Conway, Kellyanne Conway's husband, has parted company with his wife when it comes to birthright citizenship.
A man was also missing at sea off Calabria in the southwest, while the body of another was found in a stream in northern Italy. The water level was measured at 156 cm above sea level, with some 75% of the centre under water, local officials said.
New Apple MacBook Air specifications The new MacBook Air features a 13.3-inch Retina display with macOS Mojave operating system. This machine has extremely few compromises for a non-pro laptop, and a starting price that is $100 cheaper than the MacBook.
Jermaine Mann was unknowingly going by a fake name, which authorities are not divulging out of respect for his desire for privacy. The Mann case was publicly discussed at the session, he said, prompting a collaboration between Toronto police and the U.S.
It's plenty fast enough for things like image and video editing, music creation, and software development. The entry-level processor is a 4-core 8th generation i3 processor at 3.66GHz and no turbo mode.
The three children who died at the scene were from the same family - two twin six-year-old boys and their nine-year-old sister. Police in IN said the girl and her brothers died at the scene near Rochester, about 100 miles north of Indianapolis.
Nisar said such devices mostly consisting of Indian channels resulted in draining of hard-earned money out of Pakistan. Pakistan's Supreme Court on Saturday imposed a ban on broadcasting Ind-ian content on Pakistani channels.
The Pistons got the win to stay undefeated on the young season. "He's a prideful worker and he is skilled at what he does". Unfortunately, the Bucks came out swinging in the second quarter, erasing the deficit and taking a lead into halftime.
The mayor said on Sunday that keeping guns out of the hands of irrational people was a better way to prevent violence. Police also raced to synagogues in Washington, New York City, Chicago and Los Angeles to provide additional security.
Penn State QB returns to game, leaves again
Trailing by six at the Penn State 44-yard line, Iowa quarterback Nate Stanley tried one last act of desperation on fourth down. How these young Lions mesh with the entrenched veterans will have a lot to say about how Penn State finishes the 2018 campaign.
There is life after cancer, stresses new awareness campaign
The astonishingly small 12% of women who are diagnosed while cancer is still in its early stages is a cause for serious concern. We need to show patients and survivors of breast cancer love, and not discriminate, stigmatize, humiliate or make fun of them.
Ha Ha Clinton-Dix to Redskins: Grading the trade
It's possible the Packers don't predict a noticeable dropoff from Clinton-Dix to the other options available on the roster . But without Clinton-Dix, a starter, the Packers are now left with Kentrell Brice , Jermaine Whitehead and Josh Jones .
Pakistan post 150-5 in final Twenty20 against Australia
After the debacle in the first game, Aaron Finch said he had to shoulder the responsibility for Australia's failure at the top. The 33-run margin is massive in the T20 format and it showed the gulf between the two sides, in these conditions.
Sania Mirza, Shoaib Malik blessed with baby boy
Sources have recently confirmed that both the baby and mother are doing great and the baby weighs around 3.5 kg. Pakistan cricketer Shoaib Malik and Indian tennis star Sania Mirza welcomed a baby boy on Tuesday morning.
China’s private rocket fails to reach orbit
The company said that "cowling separation was normal, but something abnormal happened after the second stage". At least ten Chinese companies are making their own launch rockets.
Fallout 76: 5 Things You Need To Know
There's no explanation with regards to how it works or if there are any other modifications to it, which made it feel pointless. That will give you automatic access if you do it through the PlayStation, Xbox One or Bethesda online stores.
Private vehicles could go off Delhi roads to counter pollution
According to the WHO, the health sector needs to educate and provide resources to health professionals regarding pollution risks. Abdul Nazeer and Justice Deepak Gupta has directed the matter to be listed on November 1, for implementation and compliance.