Government and the Bank (RBI) have different agenda- Former views everything from political angle-their prime concern is their vote bank. Whereas RBI is concerned with Economy of the country, stability in the financial sector and many more things as per the Act. When European Crises was at the peak and prior to that during the South Asian Crisis, it was RBI which insulated us, to a great extent, from the crises. This was acknowledged world over. Perhaps our politicians don't have faith in the Institution that is why slowly they are hitting on its autonomy, not consulting it and doing the things the way it suits them. God only can save us.
Ashok Kumar Bhargava
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