ShauryaT wrote:The dilution of the autonomy of the RBI, first with the committee approach with finance ministry on the rate setting committee and with the governor with only a vote as a tie breaker and now this direct appointment of an officer to coordinate currency management. The approach is clearly statist and not towards building of institutions. The loss of transparency post Dec 10 also does not instill confidence.
'Humiliated' By Post-Notes Ban Events, RBI Staff Write To Urjit Patel
Next time., please warn us before posting links from rNDTV. rNDTV is mostly a "fake news" website controlled by the US State Dept. If you do not believe., just check out the parties they throw for the incoming and outgoing US diplo-mats.
Anyway., coming to the point:
1. That is a letter any union can write
2. Any union can be formed by 9 or more employees. I do not know what the leftist unions does., but sure sounds like a cluster funk.
3. This union or union of unions or whatever combination of RBI employees they say they represent can always shake their collective booties or heads and call the fin min or GOI deplorable (last used by Hick Clinton)
4. To their letters., nobody else gives a funk and if it is brought out from the stables of rNDTV., all we can say is "it is deplorable and the reputation of the dented and painted unions is dented beyond repair"
In short., non-news.