In RBI vs Finance Ministry fight, dissent takes the spotlight

According to reports, Finance Secretary will be putting up a dissent note in Jalan committee report and he is not going to be the first one to put in a dissent note in a financial sector report

According to media reports, Finance Secretary Subhash Chandra Garg will be putting up a dissent note in the report by the Bimal Jalan committee reviewing the capital framework of the Reserve Bank of India (RBI). One key recommendation will be how much of the central bank’s reserves should be transferred to the government. Garg has apparently suggested a one-time lump sum transfer. 

Garg is not the first to put in a dissent note in a financial sector report. In fact, it is rare to find any committee report for the financial sector since 2000 in which there hasn’t been a dissent