Backing Acharya, union asks govt to stop nibbling at RBI's
Days after deputy governor Viral Acharya raised concerns over the central bank's autonomy, the Reserve Bank employees association Monday came out in support of the views, saying "undermining the central bank is a recipe for disaster" and government to stop nibbling at its autonomy.
Delivering the AD Shroff memorial lecture last week here, Acharya said governments that did not respect their central banks' independence would sooner or later incur the wrath of financial markets. Image Source: Reuters