Finance Minister Arun Jaitley on Friday said sovereign government flagging issues of credit and liquidity does not infringe on the Reserve Bank of India’s (RBI’s) autonomy and hoped things will work out with the central bank in future.
On a day when the board of RBI, under its new Governor Shaktikanta Das, bought more time to review the government’s demand for a greater say in the central bank’s functioning, Mr. Jaitley said the government respected RBI’s autonomy.
“Of course, the government respects the autonomy of the central bank and because we respect the autonomy of the central bank that is why we told them... these are the problems that the market is facing,” he said at the annual general meeting of FICCI here.
He said the problems were pointed to the RBI as they lay within its power, domain and jurisdiction.