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RBI vs Centre

Kumari Sonali

RBI vs Centre:

The RBI-government relationship has often seen conflicts over autonomy and policy. As Shaktikanta Das’ tenure as RBI Governor ends, disputes over monetary policy echo past tensions.The tenure of Reserve Bank of India (RBI) Governor Shaktikanta Das concluded in December 2024, characterized by some friction with the government towards the end of his second term.The disagreement between the RBI and the government arose from the central bank’s decision to refrain from cutting policy rates, despite the economic slowdown and the government’s appeal for steps to boost GDP growth.

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