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:
 
 
I am a robust, healthy man in my early thirties.
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)Difficulties at work will have to be resolved with a totally new approach. Past experience may not be of much help. You will have to look for answers and be patient. Keep relationship cordial both at home and at work. An outing or social get-together could leave you feeling drained.
- Advertising -
The best thing about cosy hotels is the luxury th
Have you wondered how your body manages to pile o
There’s nothing that captivates us like a well-wr
Read More