Need to discuss governance issues with RBI: Economic Affairs Secretary

The government wants to discuss changes to the Reserve Bank of India’s governance structure at a board meeting next month, including setting up some oversight panels, Economic Secretary Subhash Chandra Garg told ET Now.

Garg, who is a government nominee for the RBI board, told another television channel, CNBC-TV18, that the administration will ask for more interim dividends from the central bank as it seeks to plug gaps in its budget before a general election next year.

The proposals to discuss governance at the RBI’s December 14 board meeting may further inflame tensions between the finance ministry and central bank. The two