Govt-RBI Tiff: Is there a Middle Way?

The tiff between the RBI and the government started off over issues such as exempting severely indebted power companies from the February 2018 circular which identified them as bankrupt; dilution of lending norms for a bunch of fiscally vulnerable public-sector banks to extend credit to the cash-strapped small-scale sector; and, transfer of accumulated RBI reserves to the Union government to bridge its fiscal deficit gap...