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Thursday, April 9, 2026
TopicSection 7 of RBI Act

Topic: Section 7 of RBI Act

Top Modi govt official taunts RBI with ‘wrath of markets’ jibe

Mahua Venkatesh -
Analysts have slammed economic affairs secretary Subhash Garg for a provocative tweet days after the RBI and the Centre sparred in the open.

Modi govt seeks to ease RBI standoff after citing never-used Section 7

Anirban Nag -
Section 7 of the RBI Act empowers the government to consult & instruct the governor to act on issues that it considers to be in the public interest.

Section 7 of RBI Act — Modi govt’s ‘secret weapon’ against the central bank

Mahua Venkatesh -
In light of the very public row between the Modi govt and RBI over the latter's NPA rules, there's been talk that the govt could invoke Section 7 of RBI Act.

On Camera

YourTurn

Opinion

Economy

India has enough coal stocks to meet power demand, says govt as war pushes up mining costs

Udit Bubna -
LPG supply eased for more industries, govt says coal gasification is next growth avenue. Centre welcomes US-Iran ceasefire but asks Indians to leave Iran.

Defence

Western theatre against Pakistan to be headed by IAF, Northern theatre under Army to focus on China

Snehesh Alex Philip -
India's military to get Vice Chief of Defence Staff along with one Theatre Commander from each of three services, it is learnt.

National Interest

China insulated itself against energy shocks. India is ‘all talk, no walk’

Shekhar Gupta -
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.

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