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Shift RBI to New Delhi: Maharashtra Congress
Highlights
Since no RBI Governor is allowed to work independently due to the governments constant interference, Prime Minister Narendra Modi should move the apex bank headquarters to Delhi, the Maharashtra Congress said on Monday
Mumbai: Since no RBI Governor is allowed to work independently due to the governments constant interference, Prime Minister Narendra Modi should move the apex bank headquarters to Delhi, the Maharashtra Congress said on Monday.
Reacting after RBI Governor Urjit Patel quit citing personal reasons, state Congress chief Ashok Chavan said: "It is a clear indicator of the government's constant interference in RBI" and "efforts to reduce the RBI's autonomy".
"The RBI is one of the pillars of India's financial stability with a large role to play in steering the national economy. It has always remained free from political interference. Any attempts to reduce its independence are unconstitutional and should be condemned," he said.
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