........Despite these clear articulations in the RBI Act itself, why the Government is so keen to take RBI Staff Regulation under its wings is utterly incomprehensible, excepting, most probably, to evade "consultation with the Governor of the Bank". This is perceived by the staff of the Bank and their representative trade unions as an affront to the august office of the RBI Governor,...........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
2 comments:
Government have been pressuirising the RBI for the last 15 years to make the RBI Staff regulations statutory.On several occasions, the matter was considered by the Committee of the central Board and the Central Board and they have ejected the proposal. Hence, the proposal of the Government should not be agreed to and they would have to be told in categorical terms that the matter had been considered in the past on more than one occasion and the matter would have to be shelved by them for all time to come.
A.Chandramouliswaran.iciffew 667
The relevant provisions for notification came into being much later than RBI (Staff) Regulations, 1948 and if the Regulations were to be notified it should have been done simultaneously with introduction of the provision in the statute(if this position is wrong, someone who has information may please enlighten). By discussing this issue at this stage, some officials who plead ignorance about past and depend on hearsay are diverting attention from more important issues. If at all the Regulations are to be notified, it is for Finance Ministry to do it in consultation with RBI and the notification should be of the Regulations as they stand today(i.e. without fresh amendments or additions to accommodate afterthoughts).
Post a Comment