Live
- Bihar Cricket Association forms Women's Cricket Development Committee to empower female players
- You provoke PM Modi, you will be in trouble: S Gurumurthy on BJP's 'Mission South'
- WhatsApp Update: WhatsApp Testing Feature to Show Recently Active Contacts
- AAP names four more candidates for Punjab Lok Sabha seats
- Battle lines drawn in Rajkot as Cong’s Dhanani steps up to contest against BJP’s Rupala
- Sunita Kejriwal likely to campaign for AAP in Gujarat
- Google's 2024 Pixel Lineup: Four New Models Including Foldable Phone
- Obesity, low vitamin D behind surge in rare childhood hip joint disorders
- At 50, IRS officer Ekta wins national powerlifting medals, breaks records
- Vamsha Tilak is BJP candidate for Secunderabad Cantonment by-election
Finance Minister Arun Jaitley criticises RBI for lending excess
Highlights
Indias finance minister Arun Jaitley criticised the Reserve Bank of India RBI for failing to prevent lending excess in a speech on Tuesday
NEW DELHI: India’s finance minister Arun Jaitley criticised the Reserve Bank of India (RBI) for failing to prevent lending excess in a speech on Tuesday.
“The central bank looked the other way when banks gave loans indiscriminately during 2008 to 2014,” Jaitley said while speaking at an event in New Delhi.
Tensions between the finance ministry and the RBI have risen since the bank’s deputy governor said in a speech on Friday that undermining a central bank’s independence could be “potentially catastrophic”, in an indication that it is pushing back hard against government pressure to relax its policies and reduce its powers.
Next Story
ADVERTISEMENT
