The Reserve Bank of India and the European Central Bank have signed an updated Memorandum of Understanding to strengthen cooperation in central banking. The pact revises an earlier 2015 agreement, enabling smoother information exchange and policy dialogue. Both banks will work together on shared priorities, deepening coordination on banking practices and supporting broader financial sector growth.
US President Donald Trump has drawn attention to whether the Fed chair could be removed after criticizing Jerome Powell for not cutting rates. While the debate continues in the US context, the bigger takeaway for India is how RBI governor removal is governed by specific legal protections and procedures, limiting who can act and under what conditions.
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