Mint Street Vs North Block: Tensions Simmer | RBI Vs Govt | India Development Debate

There seems to be no end to the shadow boxing between the govt and the Reserve Bank of India. Just a couple of days after RBI Dy Guv Viral Acharya launched a tirade against the Modi govt for coming in the way of the central bank's functioning, the RBI employees’ association on October 29th came out in support of his call for greater autonomy. But, a settlement seems a long way off, with both sides sticking to their guns. At the heart of the debate is the apex bank's refusal to give growth a chance at the risk of a spike in inflation. Mint Street's mandarins are also not happy with the government's plan to chip away RBI’s autonomy by creating a separate regulator for payment banks. Liquidity in the banking system is another contentious issue, with the RBI refusing to play ball with the govt on the stringent PCA norms. Caught in the crossfire is industry and the economy, with no sign of a let-up in the slugfest in a foreseeable future. The worsening relationship between the Centre and the central bank, that's what Supriya Shrinate discusses on this India Development Debate. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com