India | Modi govt chooses the nuclear option for Reserve Bank of India

Modi govt chooses the nuclear option for Reserve Bank of India

Modi government starts consultation to use a section in the central bank law never used before to force it to bend policies prior to the 2019 election

November 5, 2018 3:36 PM (UTC+8)
Reserve Bank of India (RBI) Governor Urjit Patel arrives for a news conference at the bank's head office in Mumbai on June 6, 2018. Rumors abound that he may be the second RBI chief to be dumped by Modi. Photo: AFP
Reserve Bank of India (RBI) Governor Urjit Patel arrives for a news conference at the bank's head office in Mumbai on June 6, 2018. Rumors abound that he may be the second RBI chief to be dumped by Modi. Photo: AFP
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