Recently the government has approved changes suggested in Companies act , these changes were made according to the government for increasing ease of doing business, also some of the changes are to decriminalise various offences etc. This news is related to the topic Government policies of GS 2 and Indian economy of GS 3. This news is important for both prelims and mains.
The topic Government-RBI relations arises from the principle of autonomy of central banks. The functions of a central bank includes controlling money supply, regulating credit by setting rate of interest on borrowing and lending, managing exchange rate etc… [Read More]