Amid public rifts with Centre, RBI board meeting begins
New Delhi, Nov 19 (IBNS): Amid reports of rifts with the Centre, the Reserve Bank of India (RBI)'s board meeting began on Monday, media reports said.
Reports have emerged that the government has proposed a few changes with which the Centre will be able to strictly supervise the RBI.
The government and the RBI will try to arrive at a middle ground over the issue, report said.
The board meeting will be presided by the Finance Ministry nominees and some independent directors.
Though reports had also surfaced that RBI Governor Urjit Patel might resign, a situation which is now much unlikely to occur, NDTV reported.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
