RBI-Finance Ministry relationship very delicate: Manmohan

Press Trust of India  |  Indore 

Former Singh Wednesday expressed concern over the rift between the Reserve of (RBI) and the Modi government, adding the relationship between the central and the Ministry is "very delicate".

Addressing a press conference ahead of the November 28 polls, the former Union minister said the two should work in "coordination and harmony."

"The relationship between the RBI and Ministry is very delicate," he said. Harmony and coordination between both was essential for the country, he added.

"The RBI and have a delicate relationship. Both have to work together. Although the job of running the country rests with the government, (a) specific responsibility is given to the RBI by the RBI Act. There is a need to recognise inter dependence of the two entities and work in harmony," he said.

"I am happy with the efforts being made to bring reconciliation. Both need to work in harmony with each other," he said.

On his comments that Modi as would be a "disaster" for India, Singh said he did not want to comment on his earlier remarks.

"I used harsh words which I should not have. Now people will make the decision," he said.

Singh accused Modi of misusing the Prime Minister's post. "It does not befit the PM to abuse political opponents," he said, adding Modi was using "unparliamentary words" against the opposition.

He also denied Modi's claim that the led by him was a "remote-controlled" one. "The success of my government was because the party and government were on one page. There was no difference of opinion," he said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 21 2018. 20:40 IST