Government respects autonomy, independence of RBI: Arun Jaitley

December 14, 2018 07:21 pm | Updated 07:47 pm IST - New Delhi

Arun Jaitley. File photo: PTI

Arun Jaitley. File photo: PTI

Finance Minister Arun Jaitley on Friday said the government respects the autonomy and independence of the RBI, and that raising credit and liquidity issues do not infringe on the central bank’s autonomy.

“If the sovereign government is pointing out that there are credit and liquidity issues in the country, how can it be infringing the autonomy,” he said.

The statement came days after Urjit Patel resigned as Governor of Reserve Bank of India amid talk of a face-off with the government over autonomy and independence of the central bank.

“The government respects autonomy and independence of central bank,” Jaitley said, adding that he hopes “things will work out well in future”.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.