RBI Guv likely to appear before finance panel today

January 18, 2017 09:55

Reserve Bank of India Governor Urjit Patel is likely to appear before the Standing Committee on Finance on Wednesday.

The committee, headed by former Union minister and senior Congress leader Veerappa Moily, has called Patel to brief the panel about governments demonetisation drive.

The secretaries of finance ministry will also appear and brief about demonetisation and its impact.

Patel has been summoned, days after the United Forum of Reserve Bank Officers and employees wrote a letter to him alleging that the image of the central bank has been dented beyond repair post the government's demonetisation move.

Raising objection to the government 'impinging on RBI autonomy' the employee unions of the central bank also asked Patel to take action against the 'unwarranted interference'.

The finance ministry, however, clarified that the government fully respects the independence and autonomy of the RBI. -- ANI

« Back to LIVE

TOP STORIES

Maha portfolio: Fadnavis gets Home, Ajit, Shinde get...

Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.

Govt tweaks election rule; why is ECI afraid, asks Cong

Based on the recommendation of the Election Commission (EC), the Union law ministry on Friday amended Rule 93(2)(a) of the Conduct of Election Rules, 1961, to restrict the type of "papers" or documents open to public inspection.

Character assassination: Allu Arjun on stampede row

Hours after Reddy slammed the actor for holding a roadshow and waving to the crowds at the theatre, without referring to anyone, the 'Pushpa 2' star refuted the allegations and said it was not a procession or a roadshow.

Trudeau in trouble as ally vows to 'bring him down'

The future of Canadian Prime Minister Justin Trudeau's leadership appears increasingly uncertain after New Democratic Party (NDP) leader Jagmeet Singh, a key ally, said he would introduce a motion to topple the minority Liberal...

Ferry passengers planned throwing kids into sea: CISF

A team of CISF marine commandos rescued dozens of passengers from a sinking tourist ferry off the Mumbai coast, preventing panicked parents from throwing their children into the sea. The commandos reached the accident site within minutes...