Letter to BS: RBI board, in a way, borrowed time to understand all views

Let us hope that the committee that will examine the adequacy of capital and reserves for the RBI will resolve issues such as sources for funding of shortfall

This refers to the editorial “Welcome ‘non-event’” (November 21). The Reserve Bank of India (RBI) board debated the main issues on which differences of perception between the apex bank and the government had surfaced for about 16 hours in two meetings. The board meeting on Monday, held in a cordial atmosphere, in a way borrowed time to understand the views of both sides. The committee’s approach needs to be seen and welcomed in this perspective.

The media has been debating the harm likely to be inflicted on the Indian economy if the government invokes Section 7 of the Reserve Bank of