Govt vs RBI: Handle with dignity

A public spat is no means of resolving complex differences, unless of course, the idea is to make the differences simplistic and assert power play

The relationship between the Government of India and the Reserve Bank of India (RBI) has hit a new low — in full public view. There is nothing new about differences of opinion between the two, but the unseemly nature of the spat and that too on social media and the public glare is unprecedented.  

Differences between the treasury of a state and the banker to a state is commonplace across the globe. But such differences are handled with dignity, grace and an air of maturity. That has broken down this time, which is what makes the public spat unseemly.

One