Autonomy of RBI essential, nurtured by govt: Finance Ministry
New Delhi, Oct 31 : Amid reports of its mounting tension with the RBI, the Finance Ministry Wednesday said the government has "nurtured and respected" autonomy of the central bank and has been holding extensive consultations with it on many issues.
"The autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Government of India has nurtured and respected this," it said in a statement.
Both the government and RBI, in their functioning, have to be guided by public interest and the requirement of the Indian economy, it said. "For the purpose, extensive consultations on several issues take place between the government and the RBI from time to time."
However, the statement did not mention about the government citing the never-before-used power of issuing directions under the Act to RBI Governor to seek a resolution to differences with the central bank.
The government has sent at least three letters on different issues under Section 7 (1) of the Reserve Bank of India Act that gives it powers to issue any direction to the central bank governor on matters of public interest.
"The government of India has never made public the subject matter of those consultations. Only the final decisions taken are communicated," the statement said.
"The government, through these consultations, places its assessment on issues and suggests possible solutions. The government will continue to do so," it added.
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Allahabad court restrains FIR order against Gandhi
Lucknow (PTI): The Lucknow bench of the Allahabad High Court has restrained its order directing an FIR against Congress MP Rahul Gandhi in connection with the alleged dual citizenship controversy.
The court will now hear the parties on whether prior notice to the accused was legally required.
A bench of Justice Subhash Vidyarthi, which had in Friday in an oral order observed that prima facie cognisable offences appeared to be made out against Gandhi, and permitted the Uttar Pradesh government to hand over the probe to a central agency, said it would first examine the legal position on issuance of notice before passing any direction.
The development came after the bench, before signing its dictated order, came across a full court verdict mandating that notice be issued to the proposed accused in such matters.
The court noted that none of the counsel brought this legal requirement to its attention in the earlier hearing.
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The bench has posted the matter for April 20.
The order was passed on a plea filed by Karnataka-based BJP worker S Vignesh Shishir.
During the Friday proceedings, Deputy Solicitor General of India S B Pandey produced records of the Centre relating to the citizenship controversy, while government advocate V K Singh submitted on behalf of the state that the allegations prima facie disclosed cognisable offences.
After a hearing, the bench observed that material on record indicated that Gandhi had allegedly committed cognisable offences and that the matter warranted investigation.
In his petition, Shishir alleged that Gandhi was a UK citizen and had incorporated a company, M/s Backops Ltd, in August 2003, declaring his nationality as British.
The petitioner claimed that Gandhi submitted the company's annual returns in October 2005 and October 2006 listing his nationality as British, and that the firm was dissolved in February 2009.
He sought registration of an FIR against the former Congress president under provisions of the Bharatiya Nyaya Sanhita, the Official Secrets Act, the Foreigners Act and the Passport Act.
The complaint was initially filed before a special MP/MLA court in Rae Bareli and was later transferred to Lucknow on the petitioner's request.
