AGENCIES / Mumbai
Former chief economic adviser Arvind Subramanian Wednesday said that RBI autonomy is “sacred”, which should not be compromised. Progress on the steps taken by Governor Shaktikanta Das’ predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution.
“What is going to be key is whether this (restoring financial system agenda) is maintained going forward. That is going to be the yardstick to measure what is happening on the bigger institutional front,” he said, speaking at the Fifth India Economic Conclave here.
“RBI has a very good reputation for very good reasons (and) maintaining the functional autonomy in decision-making and governance is absolutely sacred, we must not compromise on that,” he added.