"We want the RBI governor to accept the priorities of the economy and to discuss these with board members", said one of the sources, a senior government official with direct knowledge of deliberations. According to recent reports, Patel had threatened to resign following serious differences with the central government.
The RBI, however, is opposed to this view and believes that the government's request for transfer surplus can adversely impact macroeconomic stability, The Indian Expressreported.
These issues may figure during the RBI's board meeting on November 19.
He also noted in his address to top industrialists that the Argentine government's meddling in its central bank's affairs in 2010 led to a market revolt and a surge in bond yields. The central bank, however, feels that it needs to retain a share of profits to make its balance sheet stronger, as per media reports.
In its attempt to clean up the banking system, the RBI introduced Prompt Corrective Action (PCA) framework that places curbs on lending, expanding branch network and dividend distribution on weak banks.
The government wants some of these strictures to be eased to kick start lending and support growth, the sources said.
Kevin Love to miss couple weeks due to surgery
Drew was named interim head coach of the Cavaliers on October 28 after Tyronn Lue was sacked following an 0-6 start to the season. Cleveland is trying to develop young players while staying competitive, but with Love out it's going to be even harder.
"We don't know whether the board will supersede the RBI in that case", said the source.
Last month, RBI Deputy Governor Viral Acharya had said that undermining the central bank's independence would be "potentially catastrophic".
However, the RBI is not a department of the Finance Ministry and if the government does invoke section 7, maybe it should also state beforehand that any consequences of its directive will be the responsibility of the government and not the RBI.
On November 6, former RBI governor Raghuram Rajan, in an interview with CNBC TV18, while defending the call for RBI's greater autonomy said that the nation is ultimately going to benefit from a robust and independent RBI. The central bank is of the view that the use of its reserves will hurt the government's commitment to fiscal prudence.
"Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets, ignite economic fire, and come to rue the day they undermined an important regulatory institution", Rajan added.
Two of the contentious issues behind the ongoing spat between the government and the central bank which of late has reached historic lows, has been North Block's call for addressing the liquidity crunch.
When the bodies were found, Watts changed his story to say his wife killed the girls after he told her he was leaving her. Under Colorado law, a first-degree murder conviction carries a mandatory life sentence without the possibility of parole.
Amendment 4 reached the ballot after a grassroots initiative that collected more than 800,000 signatures. Voters also agreed to pass Amendment 13, which will ban greyhound racing at state pari-mutuels by 2021.
Aguero's seventh league goal of the season took him level with Pierre-Emerick Aubameyang and Eden Hazard in the Golden Boot race. And Azpilicueta is confident that the Blues can secure 12 points before beating Manchester City at Stamford Bridge.
He's still working on his full-length Galaxy S10 video, but the teaser below gives us plenty to be excited about while we wait. If what we are seeing here is true, this could be the most groundbreaking all-screen smartphone to look out for next year.
This option might also be available for Americans living in other countries, though not all of those will be eligible to vote. DART will even offer free rides to polling locations for para-transit riders who call and schedule their ride in advance.
The Falcons iced the win over the Redskins by holding the ball for 10 minutes in the fourth quarter, when Washington didn't score. Jones' first touchdown of the campaign came on his 60th catch, 343 days after he last saw the end zone in Week 12 of last season.
Rashida Tlaib, a 42-year-old Michigan Democrat, became the first Muslim woman elected to Congress on Tuesday. Who are Rashida Tlaib and Ilhan Omar? That may force her to resign from Detroit City Council to do so.
Online sports-betting sites crashed nationwide in the lead-up to the Melbourne Cup, the busiest betting event of the year. Before the race, The Cliffsofmoher was "sweating up", which can sometimes be an indication a horse is in distress.
They arrived the Presidential Wing of the Nnamdi Azikiwe International Airport at about 2pm today Tuesday November 6th. Nigerians are set to vote in hotly contested presidential polls in February 2019.
Two cameras on the back of your phone not enough? He's provided a selection of renders, some in 5K, and a 360-degree video. It will run on a Snapdragon 845 processor - rather than the forthcoming 855 chipset - and include up to 8GB of RAM.
It comes after last week's Budget, when Chancellor Philip Hammond promised an extra £20.5bn for the NHS over the next five years. "Only with better prevention can our NHS be sustainable for the long term", he said.
Michigan voters weigh bringing legal marijuana to Midwest
In Missouri, voters will be asked to chose between three separate proposals legalizing medical marijuana to varying degrees. During any 14-day period, a state-licensed cardholder could purchase as much as 2 ounces of marijuana.
Breaking Bad Movie In The Works | News
Breaking Bad and Better Call Saul producing alums Mark Johnson and Melissa Bernstein are linked to the project, as well. Luckily, it'll be helmed by series creator, Vince Gilligan , so we can rest easy knowing the project is in good hands.
Spurs still alive in Champions League, insists Kane
In team news, winger Steven Bergwijn should be fit and is likely to be handed a starting place after missing out two weeks ago. The hosts dusted themselves down and the chances soon racked up for them to have turned the game around by the half-hour mark.
Ingress Prime is out right now on Android
With GO now almost two-and-a-half years into its lifespan, Niantic has been able to return some of its focus to its own IP. Niantic has reiterated time and time again, it's able to apply its learnings from one game to another.
Democrats Take Hold Of New York State Senate
For example, Democrats, who need to flip 23 seats could pick up as many as nine in New York State during this hour alone. Perhaps more important, they would win subpoena power to investigate Trump's many personal and professional missteps.
Blackburn projected to win US Senate race, ABC News reports
House in 2002, Blackburn styles herself as a "hardcore, card-carrying Tennessee conservative" ready to fight for Trump's agenda. Stephen Fincher, who briefly opposed her in the primary and called for Corker to run again upon dropping out of the race.
Panthers offense explodes against Buccaneers
Newton said that when they got the ball back only up a score after being up 28, there was no panic from his team. They also have 27 catches for 403 yards and three TDs receiving entering Thursday night's game at Pittsburgh.
Arsene Wenger rubbishes links to AC Milan
It is believed that Wenger has been negotiating with the Serie A side for some weeks and talks have nearly reached a conclusion. Wenger departed the Gunners in June, after 22 years at the helm of the team.
OnePlus 6T launched in India starting at Rs. 37999 for 6GB/128GB
OnePlus announced T-Mobile as its U.S. carrier partner , putting OnePlus 6T in more than 5,600 T-Mobile stores across the country. First , we all know that OnePlus phones are almost as good as flagship iPhones in every department but cost only half as much.
Hubble Telescope Sees A Smiling Face In Space
Using the telescope's Wide Field Camera 3 (WFC3), the Hubble could easily view distant galaxies at an impeccable resolution. Peering into the lives of other galaxies can shed light on how gas is transformed into giant stars through time and space.