Modi said to give Raghuram Rajan veto power to meet India’s CPI goal2 min read . Updated: 10 Oct 2014, 01:14 AM IST
Modi govt backs RBI proposal to make CPI-based inflation the predominant objective of monetary policy for the first time
New Delhi: Indian Prime Minister Narendra Modi’s administration has proposed giving the central bank governor Raghuram Rajan veto power over a new monetary policy council that for the first time would focus on price stability as its main mission, people with knowledge of the matter said.
Select your Category