Search for Cases

Case Details

Case Code: ECON070
Case Length: 17 Pages 
Period: 1935 – 2018   
Pub Date: 2019
Teaching Note:Available
Price:Rs.500
Organization : RBI
Industry :-
Countries : India
Themes: 
Case Studies  
Business Strategy
Marketing
Finance
Human Resource Management
IT and Systems
Operations
Economics
Leadership & Entrepreneurship

Govt-RBI Tiff: Is there a Middle Way?

 
<<Previous Page 

INTRODUCTION

 
On October 26, 2018, Viral Acharya (Viral), deputy governor of the Reserve Bank of India (RBI), India’s central bank, brought a dispute between the RBI and the Indian government out into the open when he made a fiery speech at the AD Shroff Memorial Lecture. Viral stated, “What matters is the effective independence with which these powers (vested in the Acts governing the RBI or any central bank) can be exercised in practice.” He added, “Governments that do not respect central bank’s independence will sooner or later incur the wrath of financial markets, ignite the economic fire and come to rue the day they undermined an important regulatory institution.” The speech followed tough posturing by the government, warning that it would invoke the dreaded Section 7 of the RBI Act under which it could hold consultation or issue directions to the RBI...

 

 
Economics Case Studies | Case Study in Management, Operations, Strategies, Business Environment, Case Studies
or
Economics Case Studies | Case Study in Management, Operations, Strategies, Business Environment, Case Studies
or
PayPal (11 USD)

 

 

 
BACKGROUND NOTE - Next Page>>