Reserve Bank of India accountable to government, says reserves panel chairman
Bimal Jalan, the 77-year-old ex-bureaucrat, was appointed to chair the panel late last month, just weeks after a fierce row over central bank independence led to a change at the top of the RBI.
Having clashed with the government over policy issues for several months, Urjit Patel resigned as governor on Dec. 10, and was swiftly replaced by a former finance ministry official, Shaktikanta Das.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more