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Government's move to de-escalate its stand-off with RBI is very positive, says former central bank governor Bimal Jalan

Updated : October 31, 2018 09:32 PM IST

The finance ministry on 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 government has also for the first time ever used a provision of law to ask the RBI for resolution of differences between them on stressed loans in power sector and other issues
Government's move to de-escalate its stand-off with RBI is very positive, says former central bank governor Bimal Jalan
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