Govt-RBI Tiff: Is there a Middle Way?

India, the fastest growing major economy in the world with a population over 1.2 billion, had become the hub for global investment. There were several factors which impacted and controlled the Indian economy. The RBI, India’s central bank and one of its oldest institutions, was one of the factors behind the success of the Indian economy.

The RBI was established on April 1, 1935, in accordance with the provisions of the RBI Act, 1934. Though originally privately owned, it was nationalized in 1949 and became fully owned by the Government of India (GoI)...