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Govt proposes to dilute RBI chief's power; can't veto on policy rate

Last Updated: Thursday, July 23, 2015, 21:38

In a move that may dilute powers of RBI chief, the government Thursday proposed taking away his authority to veto the interest rate decision of the central bank's monetary policy committee.

FinMin mulling transferring stake in divestment-bound oil PSUs

Last Updated: Monday, July 20, 2015, 21:31

Ahead of government's plans to sell stake in oil companies, the Finance Ministry is considering to transfer some stake in disinvestment-bound PSUs to a separate company to insulate it from market volatility.