In RBI’s spat with New Delhi, reform is the victim says Jagmohan Garg

The government should never have summoned the RBI’s decision-makers, because it looked like interference noted by Jagmohan Garg News.

jagmohan garg rbi

During the Reserve Bank of India’s press conference last week, one exchange stood out. Asked about a meeting scheduled by the federal Ministry of Finance in New Delhi to discuss the RBI’s policy, the governor of India’s central bank, Urjit Patel, replied: “The meeting did not take place. All the MPC members declined the request of the finance ministry for that meeting.”

The MPC is the Monetary Policy Committee, a six-member council that sets India’s benchmark interest rates. It’s ..

Read more about Jagmohan Garg News;
http://economictimes.indiatimes.com/articleshow/59153291.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s