Business Standard

Should the central bank be board-managed?

If the government wants it that way, it should opt for the US Fed's Board of Governors structure

RBI, RESERVE BANK OF INDIA, CENTRAL BANK
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Going by the events leading to the October board meeting and the proceedings of the last three meetings, it’s obvious that the government will not let loose the pressure to change the way the Indian central bank operates

Tamal Bandyopadhyay
The US Federal Reserve periodically holds “open” board meetings. Typically, it begins at 10 am at the Marriner S. Eccles Building on 20th Street and Constitution Avenue, NW, in Washington DC. The agenda of open board meetings are released to the public in advance. If anyone wants to attend such a meeting, one needs to register with date of birth, and social security number or passport number. One can even carry a camera with the approval of the US Public Affairs Office. The Freedom of Information Office keeps audio cassettes of such meetings up to past two years; one can
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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