No rift between RBI, govt: FM

Published on March 22, 2015 15:59:59 PM
Union Finance Minister Arun Jaitley has once again clarified that there is no disconnect between Reserve Bank of India [RBI] and the Union government. Addressing the RBI Board on his proposals in Budget 2015-16, Mr. Jailtey said there is a constant dialog process between the central bank and government for betterment.

Proposing the shift of power from RBI to SEBI to regulate trading in government bonds, sparked the reports about the differences. Jaitley added that the government won’t pressurize the banks to cut down the interest rates but will be hopeful of so.