Uneasy Truce Between RBI & Government? | RBI Board Meet Outcome | India Development Debate

It's an uneasy truce between the govt and the RBI. A day after the marathon board meeting that saw some give-and-take from both sides, sources tell ET NOW that the composition of the proposed panel to deal with the surplus funds with the RBI will be finalised by FM Arun Jaitley and RBI governor Urjit Patel. But even as the government continues its damage control efforts, experts say it is a good sign that truce emerged finally. Despite the temporary peace, several sticky points remain. For instance, the next board meeting is likely to take up the RBI's governance structure, and it remains to be seen who will blink first. So what's the way forward for a healthy relationship between the Centre and the central bank, that's what Supriya Shrinate is discussing on this India Development Debate.

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