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RBI Governor Raghuram Rajan meets Arun Jaitley

by IBNS 30 Jun 2016, 11:25 am

#RBI Governor Raghuram Rajan meets Arun Jaitley

New Delhi, June 30 (IBNS) Reserve Bank of India (RBI) Governor Raghuram Rajan on Thursday met Union Finance Minister Arun Jaitley in the national capital, fuelling some speculations since Rajan had earlier announced not to seek a second term amid an attack on him by BJP MP Subramanian Swamy.

Swamy, who of late has been ticked off by the Prime Minister for his utterances, earlier claimed credit for RBI Governor Raghuram Rajan deciding to not seek another term as the country's central bank's head, close on the heels of his attacking him on economic issues.

 
Rajan about his meeting with Jaitley said RBI and Finance Ministry meetings are usual and he discussed the issue of MPC or the independent monetary policy committee (MPC) set up to  fight against inflation.
 
Earlier had had said that the Government has taken the momentous step of both setting a Consumer Price Index (CPI) based inflation objective for the Reserve Bank of India as well as an independent monetary policy committee (MPC).  

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