The rift centered around February 2018 circular issued by RBI, which forced banks to immediately classify borrowers as defaulters when they delayed repayments.
RBI’s move comes as central banks in emerging markets step up action to counter capital outflows and weaker currencies that threaten to drive up inflation.
Less than a year before the First Constitutional Amendment, Patel wrote to Nehru about Supreme Court rulings that had 'knocked the bottom out' of press control laws.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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