Senior government officials said the RBI's guidelines on NPAs were not only stringent but "too harsh", and could have serious ramifications on industries such as MSME and power. The finance ministry could not be immediately reached for comment.
"The political dysfunction is yet further excuse for foreigners to head for the hills, sustaining pressure on INR", said Sue Trinh, head of Asia foreign-exchange strategy at Royal Bank of Canada in Hong Kong. The RBI also opposed a suggestion by the government's inter-ministerial committee to set up an independent regulator for payment systems.
With the war between the Narendra Modi-led NDA government and the Reserve Bankof India (RBI) escalating, there is apprehension that the government may invoke Section 7 of the RBI Act. But at the same time, there is an unmistakable sense of displeasure and warning from the government when it says that it frequently consults with RBI on important matters but never goes public with these matters.
Last week, RBI deputy governor Viral Acharya lashed out at the Central government, saying it was trying to undermine the independence of the central bank.
Browns fire offensive coordinator Todd Haley
Jackson was hired in 2016 by the Haslams, whose six years ownership have been marked by almost constant change and bad football. Since it was announced Haslam would buy the team before the 2012 season, the Browns have gone 22-81-1.
The court observed that if the RBI and the government are at variance on any policy or regulatory issue, the latter should "consider whether the circumstances warrant the initiative of the consultation process" under Section 7 of the RBI Act.
Former Finance Minister P Chidambaram wrote on Twitter that if the reports were true, "I am afraid there will be more bad news today". (2) Subject to any such directions, the general superintendence and direction of the affairs and business of the Bank shall be entrusted to a Central Board of Directors which may exercise all powers and do all acts and things which may be exercised or done by the Bank.
On Tuesday, Finance Minister Arun Jaitley said the central bank had "looked the other way" when banks were lending "indiscriminately" between 2008 and 2014.
However, there was no sign of resignation by Patel at the meeting, officials said.
Government officials were "very upset" with the RBI for publicly talking about a rift with the government, fearing it could tarnish the country's image among investors, Reuters reported. According to ET Now, Patel had told government not to "raid RBI reserves", as government was keen on the transfer of reserves to fill up its fiscal deficit amid NPA stress.
When calling more than one person, FaceTime displays a notification that lets you instantly join a call without being disruptive. Participants who are not active will appear at the bottom of the screen until they speak.
If her death sentence had been carried out, Bibi would have been the first person executed by the state under the blasphemy laws. Campaigners argue Pakistan's blasphemy laws are often based on thin evidence and used to get revenge for personal disputes.
As of September 30, the House Republican Campaign Committee had raised $3.1 million compared to the House Democrats' $379,146. Trump has remained focused on the elections, even in the wake of a series of tragedies that have stunned the nation.
The new MacBook Air has a high-resolution Retina display , is a little lighter and has other performance enhancements. The new Mac mini is geared toward professional users and costs US$799, up from US$499 of the previous model.
President Donald Trump and Vice President Mike Pence are among those who have traveled to Texas to campaign on Cruz's behalf. According to the latest NBC News / Marist poll , O'Rourke trails his Republican opponent Ted Cruz by just 4 points.
But Merkel also has to shore up support among her own party, where more and more members are calling her leadership into question. The party almost doubled its support from 2013, picking off defectors from both the CDU and the SPD.
Saudi Arabia has said five officials, including two who worked directly under the crown prince, have been relieved of their posts. He said that the kingdom will hold those responsible accountable and put mechanisms in place to ensure this doesn't happen again.
In a statement, Minister of Justice and Public Security Mauricio Landaverde emphasized that "mobility is a reality and a right". National Guard troops routinely perform those same functions, so it was not clear Sunday why active-duty forces are to be used.
Data from FlightRadar24 shows the first sign trouble was about two minutes into the flight, when the plane had reached 2,000 feet. Search and Rescue Agency spokesman Yusuf Latif told AFP news agency: "The plane crashed into water about 30m to 40m deep".
President Donald Trump are set to meet in Paris when they attend November 11 events marking 100 years since Armistice Day. Trump and Putin met previously in Helsinki, Finland. "We have invited President Putin to Washington", Mr Bolton said .
US economy grew at strong 3.5 percent rate in Q3
The housing market contracted at its steepest pace in more than a year in the third quarter, also dimming the economy's outlook. During the past 4 quarters, GDP has grown 3.0 percent. "The stock market is going to go up and down", he said.
Abe and Modi build ties after Japan PM’s China visit
In their vision document, India and Japan said that they will continue to make efforts with regard to cooperation on the aircraft. In a message to top the country, PM Abe said India is driving the region and the world's prosperity as a global power.
Jamal Khashoggi's fiancee on his murder - BBC Newsnight
Saudi officials characterize the killing as a rogue operation carried out by Saudi agents who exceeded their authority. TRT said the Turkish prosecutor then demanded Mojeb give up any information of the whereabouts of Khashoggi's body.
Investigators give updates on deadly NC high school shooting
I am devastated by another heartbreaking loss of life and my thoughts are with the students and families who have been affected. We do not have metal detectors in our schools. "We hear the bell ring and I see two kids are wrestling", said Lane McNary .
Change in Germany: Leading candidates to replace Merkel
Merkel had previously indicated that she planned to seek another two-year term as leader of her at a party congress in December. Merkel's CDU party narrowly finished in first place, while suffering an 11-point drop from the last election in 2013.
OnePlus 6T to Launch at New York Event Today
The phone is expected to get a 6.4-inch Optic AMOLED display, an octa-core Qualcomm Snapdragon 845 SoC and an Adreno 630 GPU. That's not all, however; OnePlus is is offering a 128GB model with 8GB of RAM instead of 6GB for just £30 more.