RBI was created to be independent from the Centre: Kapil Sibal

Various employee unions of the central bank have objected to the government “impinging on RBI autonomy” and have written to Patel to take action against the “unwarranted interference”.
kapil sibal

Supporting the letter written by the Reserve Bank of India (RBI) employees to Governor Urjit Patel protesting against operational “mismanagement” post demonetisation, Congress leader Kapil Sibal on Saturday said that the RBI was created to be independent of the government which has now been interfered during the drive.

“RBI is created to be entirely independent of the government and this tradition is sought to be interfered with and I think that the feeling of the establishments are justified,” Sibal told ANI. Further commenting on the silence maintained by RBI governor over the same, Sibal said that the former may have done some things which require being silent. In a letter, the employees said that the autonomy and image of RBI has been “dented beyond repair” due to mismanagement and termed the appointment of a senior Finance Ministry official for currency coordination as a “blatant encroachment” of the RBI’s exclusive turf.

Source to ANI/Indianexpress
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