RBI's powers not to be clipped: FSLRC

.........Autonomy and accountability are two sides of a coin and need to be balanced.........

..............."How can the finance ministry get more powers? There will be more autonomy for the RBI. Today, it depends on the personality of the Governor. Some Governors may be pliable, while some may be tough. The appointment of Governor also needs to be streamlined. The FM can't say you do this and the RBI can't say 'I got a call from the FM, so I'm doing it. Everything has to be in public domain." "The RBI is very much under the control of the government of India. The Centre can issue a policy directive, a policy directive is what the Centre says it is... All that won't be possible now as everything has to be put in the public domain as per our proposal. ................

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