ET Explains: What is Section 7 of the RBI Act

Описание: There have been various skirmishes between the central government and the central bank, i.e. the RBI even in the past. However, this is the first time that reports suggest, Section 7 of the RBI Act has been invoked. What is this section 7 and why is it such an unprecedented act on the part of the central government? ET Explains

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