Centre vs. RBI: Arun Jaitley to address a press conference
Wed, Oct 31, 2018, 06:36 PM
Union minister, Arun Jaitley will address a press conference shortly over the crisis with the Reserve Bank of India (RBI). The Centre was forced to invoke Section 7 of RBI Act, to overcome an economic shutdown. This is the first time that Section 7 has been invoked after RBI Act came into existence. Eversince the National Democratic Alliance (NDA) came into power, there has been a tussle with the Central Bank. Things have reached a climax now, with the Centre appointing another director on the board.