::::: MINISTRY OF FINANCE INITIATIVES 11TH BI-PARTITE PROCESS ::::: ::::: HAPPY PONGAL :::::

Wednesday, August 20, 2014

RBI governor Raghuram Rajan reassures staff, reiterates need for restructuring

The Reserve Bank of India (RBI) governor,Raghuram Rajan, met trade union leaders on Tuesday, advocating lateral recruitment and creation of an additional deputy governor's post for the monetary policy, while trying to allay their fears on a few proposals. At a meeting attended by the top brass of the central bank - the United Forum of RBI Officers -the officials expressed their misgivings on Rajan's plans to restructure and reorganise the bank.

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