The government has said that no decision on curtailing RBI Governor's powers on deciding interest rates has yet been taken. In a press briefing in Delhi yesterday, Finance Secretary Rajiv Mehrishi gave this information. There were concerns over the proposal by a draft Bill to curb the central bank's powers in deciding on interest rates. <br/><br/>Earlier, the Financial Sector Legislative Reforms Commission, FSLRC disowned the revised draft that sought to remove RBI Governor's veto power and give government the control over a proposed interest-rate setting panel. The Finance Secretary said that the report was neither of the government nor of FSLRC, but people of India own this draft report. The proposal in the revised draft was also attacked by some economists as well as Moody's Analytics as a threat to independence of monetary policy. Mr Mehrishi said, the government has not made up its mind on the draft and it is seeking comments on the report. He said the government has reached an agreement with RBI on composition of Monetary Policy Committee and it will be disclosed in Parliament.