The demonetisation decision has led several observers to express concern about the autonomy and institutional integrity of the Reserve Bank of India (RBI). Many of those against demonetisation on a matter of principle (or practice) are blaming the RBI for ‘caving in’ to the government’s diktat and surrendering its independence.
How well is the ‘independent factor’ of RBI?
Ensuring low and stable inflation
Debt management
RBI’s role in banking system
Way ahead
Category: Mains| GS-II| Polity
Source: The Hindu