RBI vs government: 10 flash points between Centre and central bank

Urjit Patel’s tenure started seemingly cordially, with the governor seen to be backing demonetisation within weeks of his appointment in September 2016. But ties soon soured over the issue of interest rates when the Monetary Policy Committee (MPC) led by him refused to meet chief economic adviser Arvind Subramanian ahead of a decision on rates.

from Times of India https://ift.tt/2qiuLE7