What is Section 7 and why it is disliked by the RBI?

THE ECONOMIC TIMES Wed, Oct 31, 2018 | 06:20 PM IST Slideshows Newsletter

96-year-old Karthyayani Amma clears Kerala's literacy exam, win hearts Karthyayani Amma from Kerala scored 98 marks, out of 100 in her first formal examination under the Kerala Literacy Mission's 'Aksharalaksham' (Million Letter) programme. What is Section 7 and why it is disliked by the RBI? Read to know Section 7 of the RBI Act has come into spotlight amid the war between the Central government and the RBI. The provision in the RBI Act empowers the government to issue directions to the RBI. India inaugurates world's tallest statue in honour of Sardar Vallabhbhai Patel India on Wednesday inaugurated the world's tallest statue, a 182-metre effigy of independence hero Sardar Vallabhbhai Patel that towers nearly twice the height of New York's Statue of Liberty. Apple unveils new Macs, iPad Pro Apple has unveiled a new version of its MacBook Air laptop, this time made of recycled aluminum, as well as a new Mac Mini and an iPad Pro, all pricier than their predecessors. All you want to know about the new McLaren Speedtail hyper-GT McLaren has debuted the £1.75 million ($2.3 million) Speedtail, previously known by its BP23 codename. The all-new, three-seat 'hyper-GT' is the next model in McLaren's Ultimate Series, the most expensive and exclusive line the automaker sells. Meet the man who sculpted Sardar Vallabhbhai Patel's Statue of Unity Ram Vanji Sutar, a Padma Bhushan and Padma Shri recipient, known for creating 50 monumental sculptures, has one more feather in his hat — the Statue of Unity. Myanmar's sea turtles fight against the odds Peril plagues the lives of Myanmar's baby turtles: if crabs don't get them before they scramble from beach to sea, then poachers or fishing trawlers might finish them off instead. India overtakes China with e-rickshaw revolution While the world's largest auto market dangled significant subsidies to encourage purchases of battery-powered cars, India's e-movement hardly got a hand from the state. Japan's 'usho' keep alive the ancient art of cormorant fishing In the pitch black night, fires burn alongside a river in Japan's Gifu as a handful of men prepare for a ritual that dates back over 1,300 years: fishing with cormorants. A Chinese farmer couldn't fly a plane, so he built one When a Chinese garlic farmer's dream of flying an airplane didn't pan out, he decided to build one instead.

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