Piyush Goyal lashes out at central bank ahead of today's board meeting

The tweets could deepen doubts about the central bank's autonomy following the sudden resignation of its chief on Monday

One of Prime Minister Narendra Modi’s top ministers accused India’s central bank of wielding power without accountability, hours before the new governor’s first board meeting.

Piyush Goyal, a railways minister who briefly held the finance portfolio, criticized the Reserve Bank of India for “drastically” changing a system for dealing with banks burdened by bad loans last year, without consulting the government.
 

In a series of tweets late Thursday, Goyal said the tightening of the Prompt Corrective Action framework amounted to “changing the rules of the game midway into the match” and highlighted that such a move “is not there anywhere in