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Government, RBI should have continuous dialogue to address problems affecting economy, says Venkaiah Naidu

Updated : November 27, 2018 01:30 PM IST

Referring to the issue of liquidity crunch, Naidu said the problem was because few "black sheep" who have taken the system for ride, are affecting the entire industry.
Amid growing tensions with the central bank, the finance ministry had earlier sought discussions under the never-used-before Section 7 of the RBI Act which empowers the government to issue directions to the RBI governor.
RBI deputy governor Viral Acharya had in a speech last month talked about the independence of the central bank, arguing that any compromise could be "potentially catastrophic" for the economy.
Government, RBI should have continuous dialogue to address problems affecting economy, says Venkaiah Naidu

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