In an exclusive talk with Times Network, former Governor of Reserve Bank of India (RBI), Raghuram Rajan said that Section 7 has not been invoked, which is good news. He said that both the RBI and the Centre are working with mutual respect for each other's concerns. Central Bank is like a seat belt, he said. The government has entrusted it with the responsibility of maintaining financial stability and it has to carry out that responsibility as any responsible entity, he said.
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