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‘The concern that the IMF has expressed, and which underlies the lowly ‘C’ grade, is not going to be hastily resolved’ | Photo Credit: Getty Images/iStockphoto The release of the national accounts data for Quarter 2 recently was also one that coincided with serious concerns being expressed by the International Monetary Fund (IMF) about the…
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Justice Nagarathna spoke on her dissent on the demonetisation case. New Delhi: Supreme Court Judge BV Nagarathna has cautioned against instances of governors sitting indefinitely on bills passed by elected legislatures, referring to the case involving the Punjab Governor. In her keynote address at the inaugural session of the fifth edition of Courts and the…
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File picture of a bank customer depositing ₹2,000 currency note | Photo Credit: R. Ragu The Reserve Bank of India (RBI) has extended the deadline for exchange and deposit of ₹2,000 bank notes until October 7, adding that the denomination will continue to be legal tender even after the date. From October 8, individuals and…
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The court held that it cannot rely on “half-baked information” to direct a probe into RBI. (File) Mumbai: The Reserve Bank of India (RBI) plays an important role in shaping the country’s economy, and courts should refrain from delving into the monetary regulatory framework, the Bombay High Court said while dismissing a petition alleging wrongdoing…
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