FM Jaitley drops plans to curb RBI's powers

The moves follow a strong protest lodged by RBI governor Raghuram Rajan, which resulted in Jaitley stating that the government will ready a roadmap to set up a debt management agency. "Since the RBI has been handling public debt management, the government in consultation with the RBI will prepare a detailed roadmap separating the debt management function and the market infrastructure from the RBI and having a unified financial market," Jaitley said.

In This Pic : Arun Jaitley

Pic Courtesy : PTI

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But the minister ruled out any concessions related to the proposed rules on black money.

In This Pic : Arun Jaitley

Pic Courtesy : PTI

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