Parliamentary panel to talk divesting RBI of debt management role

Experts say not a good idea when the country is recovering from the Covid crisis

Amid the pandemic and record borrowing spree by the central government, the Parliamentary Standing Committee on Finance is visiting the Reserve Bank of India (RBI) headquarters on Saturday to discuss, among other things, separation of the debt management function from the RBI, sources said.   

Jayant Sinha, chairman of the committee, and former prime minister Manmohan Singh, who also served as governor of RBI from 1982 to 1985, would be among the members present at the meeting.

To be sure, the committee can only give their recommendations, which are not binding on the government. But considering the committee comprises distinguished