RBI Governor Raghuram Rajan today called on Finance Minister Arun Jaitley at his office in New Delhi. Talking to media after the meeting, Mr Rajan said Finance Minister and RBI Governor keep talking all the time and its nothing out of the ordinary. Asked if the structure of the Monetary Policy Committee would be put in place before the next policy review due on August 9, the RBI Governor said the structure is being readied. In sweeping changes, a broad-based six-member panel – the Monetary Policy Committee – is being set up to decide on lending rates instead of the present practice of RBI Governor taking a call in this regard.
News On AIR | June 30, 2016 1:31 PM
RBI Governor Raghuram Rajan meets FM Arun Jaitley