Consensus-based system' better for policy rates: Panagariya
Backing the proposed monetary policy committee for deciding the key interest rates, NITI Aayog Vice-Chairman Arvind Panagariya Tuesday said "consensus-based system" works better.
Jan 19, 2016, 20:14 PM IST
Rangarajan favours RBI majority in Monetary Policy Committee
Joining the debate over the powers of RBI Governor in setting policy rate, bank's former head C Rangarajan on Sunday said the government can do away with the veto power of Governor but the majority of members in the Monetary Policy Committee should be from the apex bank.
Aug 09, 2015, 11:10 AM IST
No decision on curtailing RBI Guv power on rates: FinMin
As the move to strip RBI Governor of veto power on deciding interest rates faced backlash, the government Monday said no decision on curtailing powers of the central bank has yet been taken.
Aug 03, 2015, 22:42 PM IST
Govt on backfoot over proposal to curtail RBI Guv's power
Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government Monday said it is not right to conclude that it wants to curtail the central bank's powers.
Aug 03, 2015, 17:18 PM IST
Competition Commission set for sweeping powers under IFC
The Competition Commission might wield sweeping authority during formulation of financial market norms, including powers to issue binding directions, if certain provisions in the Indian Financial Code become a reality.
Aug 02, 2015, 15:25 PM IST
Clipping RBI chief's veto not an FSLRC proposal: Member
In a new twist, an FSLRC member has said the draft bill seeking to clip RBI chief's veto in deciding interest rates does not reflect the views of the panel and it actually favoured Governor having the last word.
Aug 02, 2015, 13:05 PM IST
Govt proposes to dilute RBI chief's power; can't veto on policy rate
In a move that may dilute powers of RBI chief, the government Thursday proposed taking away his authority to veto the interest rate decision of the central bank's monetary policy committee.
Jul 23, 2015, 21:38 PM IST
Modified draft Indian Financial Code likely by mid-2015
Taking forward financial sector reforms agenda, Finance Ministry expects to be ready with the modified draft law for implementation of FSLRC recommendations by mid-2015 after extensive stakeholder consultations.
Aug 20, 2014, 16:37 PM IST
