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RBI is accountable, government runs country: Shaktikanta Das
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SME Times News Bureau | 12 Dec, 2018
Declaring that he would uphold the "autonomy, integrity and credibility"
of the RBI, newly-appointed Governor Shaktikanta Das said on Wednesday
that the government is resposible for running the country and the
central bank is also accountable.
Briefing reporters here after
taking charge as the 25th Governor of the Reserve Bank of India (RBI)
Das also said that consultaions with stakeholders has become fundamental
to the central bank's functioning in view of the complexity of modern
day decision-making and as part of this process he will meet the heads
of the Mumbai-based state-run banks on Thursday.
Meetings with public sector banks outside Mumbai would follow "after some days", he added.
"The
RBI is a great institution and I will try my best to uphold its
autonomy, identity and values. The autonomy, integrity and credibility
is very important for this great institution and it will be intact," he
assured.
In response to queries on the recent government-RBI
tiff culminating in the resignation of Urjit Patel as the Governor, Das
refused to go into contentious issues.
"I do not like to go into
whatever the issues or what are the issues between government which runs
the country and the RBI, but every institution has to have its
professional integrity, maintain its professional autonomy. At the same
time, every institution also must adhere to the principles of
accountability," he said.
"Government is not just a stakeholder
but I mean the government of the day runs the economy, runs the country
and manages major policy decisions.
"There has to be a free,
fair, objective and very frank discussion between the government and the
RBI. And, I believe that all issues, however contentious, can be
resolved through discussions," he added.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
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84.65 |
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75.65 |
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56.85 |
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