Nominating two ministry bureaucrats on the RBI board could give credence to the government’s penchant for playing Big Brother
…..The ostensible reason for nominating two senior finance ministry bureaucrats on the RBI board is to strengthen the coordination between the central bank and the government. However, that reason does not sound very convincing. Instead, the move seems to be yet more proof of how the government functions at its own pace, making virtually no distinction between what is necessary and what is not…….
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