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Amid RBI rift, FinMin says govt nurtured, respected central bank's autonomy

Both the government and RBI, in their functioning, have to be guided by public interest and the requirement of the Indian economy, FinMin said in a statement

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Press Trust of India New Delhi
Amid reports of its mounting tension with the RBI, the Finance Ministry Wednesday said the government has "nurtured and respected" autonomy of the central bank and has been holding extensive consultations with it on many issues.

"The autonomy for the central bank, within the framework of the RBI Act, is an essential and accepted governance requirement. Government of India has nurtured and respected this," it said in a statement.

Both the government and RBI, in their functioning, have to be guided by public interest and the requirement of the Indian economy, it said. "For the purpose, extensive consultations on several

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First Published: Oct 31 2018 | 1:31 PM IST

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