Afternoon D & C Dedicated To Mumbai
Home > Business > RBI autonomy fundamental, we have to maintain it: Bimal Jalan

RBI autonomy fundamental, we have to maintain it: Bimal Jalan

Wednesday, January 11, 2017

A day after former RBI governor Y V Reddy flagged 'reputational risk' being faced by the central bank, another former governor Bimal Jalan today said its autonomy is fundamental and needs to be maintained.

"...The autonomy of the RBI — that is a very fundamental fact and we have to maintain it and I hope the government would give attention to that part also," Jalan said in an interview to a TV channel.

Reddy regretted yesterday that the institutional identity of Reserve Bank of India has been damaged and stressed that for central bank "reputational risk is worst risk". Jalan said one would have to wait and see how the relationship between the government and RBI develops which ultimately is a matter of coordination.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
Email:    
Comments:
 
We are married for four years. I periodically dev
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Concentrate on work else you could lose some money through neglect or indifference. Stay clear of fresh proposals and also from those people who are known to give unwanted advice. You are better judge of your condition and take all measures to protect your job or financial interests. At a family gathering you may not like the overtures or attention of a person who is a pest, say so in your own interest. You will not be hurting anyone.
- Advertising -
Is the heat melting away all your meticulously do
We’re no strangers to the goodness of tea tree oi
The sun is still shining at its brightest and if
Read More