RBI board meets amid row with government

The RBI is holding ts first board meeting on Monday following its last breakthrough meeting with the govt. The RBI and the centre have been at loggerheads. The crucial meeting comes in the backdrop of a threat to invoke the never-used section 7 of the RBI Act, allowing the Centre to issue directions. There are certain steps that the govt sees as crucial to ensure more lending.

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