CON­SIDER NA­TIONAL IN­TER­EST

Millennium Post - - Editorial -

Be­cause of the gov­ern­ment's adamant ap­proach, we may lose a vet­eran fi­nan­cial ex­pert like Ur­jit Pa­tel as sources say that he is go­ing to re­sign at the Cen­tral bank's next board meet­ing on No­vem­ber 19. The gov­ern­ment and the RBI have been fight­ing for weeks over how much au­ton­omy the RBI should have as the ad­min­is­tra­tion of Naren­dra Modi seeks to re­duce curbs on lend­ing and to gain ac­cess to the RBI'S sur­plus re­serves, which is dis­as­trous. The gov­ern­ment must re­solve this. Oth­er­wise, our al­ready de­rail­ing econ­omy will fall in a deep trench and decades may not be enough to con­trol and bring back our fi­nan­cial sta­tus. They should end this clash as soon as pos­si­ble in the noble in­ter­est of the na­tion. MOHD IS­MAIL Via email

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