Government respects autonomy, independence of RBI: Arun Jaitley

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”.