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6 7 " . " . . SIDISrtVUU@IB!&!!"&#S@B9IV69P99I !%! %! ' #%&'#()*+ %$,%,- (%)*&+ #$%&' ,,/$$*( 71-2(/ 8-1-2,0(-/ -0(+( 0*7+(#3(+<-,0,0, 7,#( * !"&9 ##$ :'& ; ( , - ,.)/*. Q Q ! "$% !& R ()(*+, RBI Act that gives it power to Act that gives it powers to issue Sources said the Finance issue directions to the Central any direction to the central Ministry wrote three separate fter reports surfaced on bank on matters of public bank governor on matters of letters in the past few weeks to AWednesday morning that interest, he said communica- public interest. the RBI on issues ranging from RBI Governor Urjit Patel may tions and layers of consulta- They, however, insisted Prompt Corrective Action step down if the Government tions between the Government that the Government has not (PCA) framework to liquidity tried to arm-twist the Central and the RBI haven’t ever been taken any action of issuing any management and sought con- bank by issuing directive under disclosed. specific direction and has only sultation under Section 7 of the section 7 of the RBI Act, the On Tuesday, Jaitley had initiated consultations with the RBI Act. Finance Ministry took a /, " slammed the RBI for indis- central bank on unresolved The Government wants prompt damage control exer- , , 1 criminate lending, but today he issues. RBI to carve out exemption for cise saying “autonomy of the . 2 sounded much more reconcil- Without making any ref- power companies under the Central bank is essential.” iatory. erence to
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