RBI should make policies within the framework set by the govt, Says Reserves Panel Chairman

According to a former central bank chief now heading a panel tasked with framing guidelines for the transfer of the RBI’s surplus funds to the government, says, ‘Reserve Bank of India is accountable to the government and should make policies within the framework set by the government.’
Bimal Jalan, the 77-year-old ex-bureaucrat, was appointed to chair the panel late last month, just weeks after a fierce row over central bank independence led to a change at the top of the RBI.
Having clashed with the government over policy issues for several months, Urjit Patel resigned as governor on Dec. 10, and was swiftly replaced by a former finance ministry official, Shaktikanta Das.
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