Explained: How Bimal Jalan committee report saw the light of day

Subhash Chandra Garg was expecting around Rs 1.5 trillion from the RBI

It took a single meeting of the Bimal Jalan committee to iron out the issues which were a bone of contention for the panel since the past seven months. The truce was reached at a meeting attended by finance secretary Rajiv Kumar, who became the government’s nominee replacing his predecessor Subhash Chandra Garg who was moved to the power ministry in July.

During an interview with CNBC-TV18 on Monday, when asked about the differences among the panel members, former Reserve Bank of India (RBI) deputy governor Rakesh Mohan said: “Der aaye durust aaye (better late than never).”

During the committee’s meetings, Garg