Govt wants to clip the powers of RBI governor

1) NDTV has accessed the draft note, which suggests that the committee have four members from the government and three from the central bank, with the RBI governor, as its chair, holding no veto power as was earlier suggested, but a casting vote.

2) The note suggests that apart from the RBI governor, the central bank can nominate two members - one deputy RBI governor and an officer - and one non-voting member from the government.

3) The decision of the monetary policy...

Govt wants to clip the powers of RBI governor