You are here: Home » Opinion » Columns
A gloomy anniversary
The power of narratives
Business Standard

Understanding the RBI's central board

The board is a powerful supervisory entity. Let Shaktikanta Das restore its position, quieten tensions and allow the RBI to get on with it

Topics
Rbi  |  Economy  |  Central Bank

Omkar Goswami 



Omkar Goswami

Viral Acharya, deputy governor of the Reserve Bank of India (RBI), has a knack for grabbing headlines. After the A D Shroff memorial lecture of October 26, 2018, where he forcefully made the case for independence, he apparently stated during the RBI's central board (CB) meeting on December 14 that fundamental changes in the role of the board along the lines of the US Federal Reserve or the Bank of England would require a full-fledged reconstitution of the board. Presumably what Acharya meant was that if the is to be a wholly board-driven central bank, the present CB configuration, framework and rules of business won't do.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, December 19 2018. 20:22 IST

RECOMMENDED FOR YOU

.