“All Issues with the Government Can be Resolved through Discussions” - RBI Governor Shaktikanta Das
Moneylife Digital Team 12 December 2018
Shaktikanta Das, who took over as the 25th Reserve Bank of India (RBI) governor, said today in a press conference "I would not like to go into what the issues between the government and the RBI are but every institution has to maintain its autonomy and also adhere to accountability. I will try to uphold the professionalism, core values, credibility and autonomy of Reserve Bank as an institution," he said.
 
On the differences between the RBI and the government, he said: "All issues can be resolved through discussions. Independence of RBI as an institution is very important and it will remain intact."
 
Mr Das will be meeting heads of public sector banks on Thursday, he said. He also added that Friday's meeting of the RBI Board will be held as planned.
 
Mr Das succeeds Urjit Patel who quit on Monday amid strong differences with the government.
 
In response to queries on the recent government-RBI tiff culminating in the resignation of Urjit Patel as the governor, Mr Das refused to go into contentious issues.

"I do not like to go into whatever the issues or what are the issues between government which runs the country and the RBI, but every institution has to have its professional integrity, maintain its professional autonomy. At the same time, every institution also must adhere to the principles of accountability," he said.
 
Comments
Ralph Rau
6 years ago
Should a Central Bank be led by a trained economist or a bureaucrat with an MA in History ?

Will Mr Das merely TRY to be independent or will he be independent?
Beeran Koya
Replied to Ralph Rau comment 6 years ago
It is India, so we have to suffer with such guys at the helm of affairs.
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