Sunday, March 22, 2015

Finance Minister Jaitley says "no disconnect" with RBI

Finance Minister Arun Jaitley on Sunday denied any "disconnect" with the Reserve Bank of India (RBI) over plans to introduce a monetary policy committee and change the central bank's regulatory powers.

Jaitley said all the changes he proposed in the budget, seen as the biggest shake up to India's central bank in a generation, had been discussed beforehand with RBI.

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