Posted inIndiaSouth Asia

Central bank warns political meddling may be ‘catastrophic’

Tensions between the Indian government and the central bank have spilled into the open, with a senior bank official warning that efforts to erode the institution’s independence were “potentially catastrophic”. Deputy Governor Viral Acharya lashed out amid attempts by Prime Minister Narendra Modi’s government to trim the authority of the Reserve Bank of India (RBI) and […]