Employees protest RBI emasculation by Govt. - One World News

Employees protest RBI emasculation by Govt.

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Employees of the Reserve Bank of India are furious at the Government. In a move which will leave RBI hampered in it’s functioning, the Government is creating a Public Debt Management Agency, which will take over the debt management function from RBI, and also act as a depository for Government securities.

Employees protest RBI emasculation by Govt.

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Finding this an intrusion on the functioning of the RBI, an act which will also reduce the body’s ability to regulate the money market, employees are going on a mass casual leave on November 19 as a mark of protest.

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