Jan 26, 2018 20:10:02 (IST)
On if the Monetary Policy Committee's independence is being eroded
"It has government appointees. I mean that said, we are all government appointees as the Central Bank Governor or the Deputy Governor, we are all appointees. The only non-appointee is actually the Chief Economist of the Central Bank. The Executive Director and Chair of Monetary Policy was an RBI sort of, who moves up the RBI ranks. This is an entirely and should be, a government appointed committee. However, once the government appoints, they should leave it to do what its job is."
"It has government appointees. I mean that said, we are all government appointees as the Central Bank Governor or the Deputy Governor, we are all appointees. The only non-appointee is actually the Chief Economist of the Central Bank. The Executive Director and Chair of Monetary Policy was an RBI sort of, who moves up the RBI ranks. This is an entirely and should be, a government appointed committee. However, once the government appoints, they should leave it to do what its job is."