RBI board meeting: No confrontation between government and central bank, says union minister Piyush Goyal

Piyush Goyal refused the Congress chief's allegations that the Narendra Modi government has been making efforts to ruin the RBI

Press Trust of India November 19, 2018 21:01:21 IST
RBI board meeting: No confrontation between government and central bank, says union minister Piyush Goyal

Indore: Union minister Piyush Goyal on Monday denied any confrontation between the Centre and country's central bank - Reserve Bank Of India (RBI).

Goyal also said that there was nothing objectionable in discussions among the members of RBI's board of directors (BOD) about the central bank's responsibilities towards the country.

In reply to a question amid the important meeting of RBI's BOD, Goyal said, "We are not seeing any tension between government and the RBI. Only Congress chief Rahul Gandhi and you people (media) are showing the signs of tension."

He said, "The government has already clarified that it has not asked for even a single rupee from RBI's reserve fund."

RBI board meeting No confrontation between government and central bank says union minister Piyush Goyal

A file image of union minister Piyush Goyal. PIB

However, Goyal said that as an important national institution, the RBI has some responsibilities towards the country. No person should have any objection, if the central bank's board discusses these responsibilities in the national interest.

The minister refused the Congress chief's allegations that the Narendra Modi government has been making efforts to ruin the RBI.

Goyal alleged, "The previous Congress governments have insulted every constitutional institution of the country. Everyone knows how these governments have shunted out RBI governors in the past."

He said, "The meeting of the RBI's BOD holds time-to-time meetings, why is Rahul getting such a problem with this? Maybe Rahul has little knowledge of corporate governance."

Asked about ongoing CBI fiasco, he said, "The government had to take strict action following the statements of some CBI officers against each-other."

Railway minister said that a fund to the tune of Rs 21,000 crore has been allocated to the state for railways under NDA government.

This amount is six-times more than the fund allocated between 2009 and 2014 to the state during previous UPA government.

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