The government has issued “several” letters to the Reserve Bank of India initiating consultations under Section 7 of the RBI Act, said a person familiar with the matter. While consultations have been initiated under this provision, no directions have been given, said this person.
Modi Government
Sensex Jumps 130 Points, Nifty above 10,980 Ahead of Modi Government No-Confidence Vote
Gold Silver Reports (GSR) – Indian benchmark indices BSE Sensex and NSE’s Nifty 50 gained on Friday as the Parliament will debate the no-confidence motion tabled by opposition parties against the Narendra Modi government.