Finance Minister Nirmala Sitharaman on Tuesday dismissed criticism about the RBI's decision to transfer Rs 1.76 lakh crore to the government and said that any suggestion concerning the credibility of the central bank and the Jalan Committee 'seems a bit outlandish'.'I want to say that Bimal Jalan Committee had eminent experts in it. It was constituted by the Reserve Bank themselves, not by the government. They have had several sittings and have come out with formulas...So, this is a committee which the Reserve Bank appointed,' she told reporters here while responding to a question that RBI's international credibility AAA rating could be affected as it has reduced its surplus by transferring the amount to the government.
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Finance Minister Nirmala Sitharaman on Tuesday dismissed criticism about the RBI's decision to transfer Rs 1.76 lakh crore to the government and said that any suggestion concerning the credibility of the central bank and the Jalan Committee 'seems a bit outlandish'.'I want to say that Bimal Jalan Committee had eminent experts in it. It was constituted by the Reserve Bank themselves, not by the government. They have had several sittings and have come out with formulas...So, this is a committee which the Reserve Bank appointed,' she told reporters here while responding to a question that RBI's international credibility AAA rating could be affected as it has reduced its surplus by transferring the amount to the government.
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Watch Sitharaman dismisses criticism about RBI's decision, says outlandish to question its credibility With HD Quality
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AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt.
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Watch AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt. With HD Quality
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Criticism is essential for democracy; it strengthens the democracy, rejuvenates and spiritizes the democracy.
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