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.
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.
