Opinion | Getting the RBI and government to sit at the table4 min read 12 Nov 2018, 03:19 AM IST
The government cannot treat RBI like its pet (demonetisation) poodle, and in turn, the RBI cannot do away with its evolving accountability in a political framework
The incumbent National Democratic Alliance (NDA) government has distinguished itself by undermining institutions, indulging in an ‘appointocracy’ and creating an atmosphere of governmental interference in major institutions. On the face of it, the recent spat between the Reserve Bank of India (RBI) and the Union ministry of finance is another instance of this phenomenon.
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