Arun Jaitley is being disingenuous in blaming RBI for the troubles of India’s small and medium firms

What India’s Finance Minister says… The finance minister this week criticised the central bank for failing to check indiscriminate bank lending from 2008 to 2014 which has now ripened into a bad loan crisis. The attack was accompanied by the government invoking never-used powers under the Reserve Bank Act to issue directions to the bank’s […]