News digest: Govt vs RBI, oil subsidy, real estate projects, and more

After more than a decade, Indian aviation companies are planning to launch flights to the Chinese mainland

Centre says not asking RBI for money, only wants it to be less risk-averse

In what seemed to be a softening of its stance by the government in its tussle with the Reserve Bank of India (RBI), Economic Affairs Secretary Subhash Garg on Friday said there was no proposal by the Centre to ask the central bank to transfer any specific amount. The issue being discussed was for an appropriate economic capital framework.

Garg’s statement, on Twitter, comes after extensive reports in the media of the latest face-off between the finance ministry and the RBI over the former referring to Section 7