Arun Jaitley and Raghuram Rajan Paper over the cracks

Arun-Jaitley
Arun Jaitley and Raghuram Rajan Paper over the cracks

Differences emerged on Sunday between the Reserve Bank and the Finance Ministry over the structure of a committee that will set interest rates and take monetary policy decisions – instead of the central bank’s Governor – even as the two sides downplayed reports of friction over the biggest regulatory shakeup in its 80-year-old history.

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