Govt, RBI debunk rift on budget |
The Reserve Bank of India (RBI) has flagged its concerns over the proposed public debt management agency (PDMA) and transfer of some of its powers to SEBI but all eyes are on a panel under former pension regulator D Swarup, which may help find a middle path. After the post-budget RBI board meeting, Finance Minister Arun Jaitley and RBI Governor Raghuram Rajan played down talks of a rift. They had complete, free and frank discussions and no disconnect between the bank and the government, they said. Rajan welcomed the setting up of PDMA, but with riders. The precise time, nature of resources PDMA uses, how it works with the central bank and government are details that a panel is working to fill out, said Rajan.
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