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Monday, December 23, 2024 | 12:34 AM ISTEN Hindi

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Who's the boss?

It's ironical that every time a crucial quarterly meet is due, huge pressure is exerted upon the RBI from different quarters

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Business Standard
With reference to by “Ahead of RBI policy, govt building case for rate cut to revive economy” (September 24), the Centre should let the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), which includes three government-nominated members, take the final call to decide this key issue. Where is the case for any government intervention through some “proxy” route in this manner? It’s ironical that every time such a crucial quarterly meet is due, huge pressure is exerted upon the RBI from different quarters. The government also goes ahead by making pre-empted statements in the media, letting known its “expectations”

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