Government directions to the Reserve Bank: executive authority may issue binding directions which the Bank must comply with. The provision empowers the Central Government to issue general or special directions to the Reserve Bank for purposes of the Act, and requires the Reserve ... Summary
Government directions to the Reserve Bank: executive authority may issue binding directions which the Bank must comply with.
The provision empowers the Central Government to issue general or special directions to the Reserve Bank for purposes of the Act, and requires the Reserve Bank to comply with those directions in the discharge of its functions under the statute.
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