Reutes exclusively reports India’s central bank examining its independence from government

The Reserve Bank of India is accountable to the government and should make policies within the framework set by the government, a former central bank chief now heading a panel tasked with framing guidelines for the transfer of the RBI’s surplus funds to the government told Reuters in an exclusive interview. Bimal Jalan was appointed to chair the panel late last month, just weeks after a fierce row over central bank independence led to a change at the top of the RBI.