Source: economictimes | Image Courtesy: ibtimes indiatimes
RBI employees are going on a mass leave to protest against the proposed reform measures that will allegedly clip RBI’s powers.
It is becoming quite evident, lot of functions have centralized and subsumed under the PMO and when the proposed bill passes through, this will most likely be a the most centralized government ever in post independent India.
It is acceptable that debt management could be better handled if it is under the government, however the government should make its intentions and purpose clear to the RBI including its employees and take them into confidence before legislation of the same.
The Logical Indian requests the government to look into the striking employees requests and reason of protests including their demand for pension reforms.
We believe reforms are necessary however progressive reforms shouldn’t warrant protests and should be implemented with consultation and consensus of stake holders.