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Last week, ATMs governing body warned that nearly half of the 2.38 lakh machines run the risk of closing down due to regulatory compliance changes suggested by RBI

Whether one considers financial inclusion, fiscal reforms, power reforms or banking reforms, Jaitley and Modi have turned around the fortunes of every sphere of the Indian economy

Tensions have escalated recently, with the finance ministry initiating discussion under Section 7 of the RBI Act, 1934, which empowers the government to issue directions to RBI governor

The CIC has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram Rajan on bad loans.

The row was sparked off last Friday when RBI Deputy Governor Viral Acharya in a hard-hitting speech warned that undermining central bank's independence could be "potentially catastrophic", possible indication of the RBI being pushed to relax its policies ahead of general elections next year.

 The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 53.1 last month from 52.2 in September, its highest since June

In a statement issued by the Union finance ministry, the Centre emphasized that the governments in India have “nurtured and respected” the governance requirement.

A truck, which was transporting RBI's money (Rs 2,000 crore) from Pune to Chennai, broke down midway. Local police came to the driver’s rescue.

“The enactment aims at ensuring better monitoring and unfettered supervisory access to data,” says RBI.

RBI's decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet festive season demand for funds also boosted the sentiment here, market watchers said.