Modi said to give Raghuram Rajan veto power to meet India’s CPI goal
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.
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