Comments
Senior Congress leader and former Finance Minister P Chidambaram alleged that the Centre’s is making the Monetary Policy Committe defunct by forcing it to postpone a meeting. He said such a move is unprecedented.
“How much the government and PM care for the economy is illustrated by the fact that the Monetary Policy Committee will be defunct tomorrow (Wednesday),” the Rajya Sabha MP said in Twitter.
“Consequently, the RBI cannot hold a meeting of the MPC ahead of its monetary policy announcement, and has been forced to postpone the meeting. This is unprecedented,” Chidambaram added.
“Does the government realise that fine-tuning monetary policy every two months is absolutely necessary for economic management?,” he asked. He said the market, bankers, analysts, borrowers and every other stakeholder is shocked by the utter negligence of the government.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.