RBI is more than autonomous but govt is the sovereign Das

first_imgMumbai: Asserting that the Reserve Bank is more than autonomous, governor Shaktikanta Das Friday said though the central bank engages with the government in free and frank discussions, there is no interference from it when it comes to taking decisions. Das said the differences of opinion between the government and the monetary authority happens in all the countries as the perspectives are different, but it is essential to discuss, talk and resolve the differences. Also Read – Commercial vehicle sales to remain subdued in current fiscal: Icra”Let me tell you, there is lot of interaction between the RBI and the government. But, so far as decision-making is concerned or taking a final call on any issue is concerned, I can tell you, with all my confidence, that they are taken by the RBI and the RBI is more than 100 percent autonomous in decision-making. Nobody interferes in my decision-making,” Das told an event organised by the media house India Today group. He said there has to be exchanges of ideas and explaining one’s position to the other is necessary as it creates a harmonious and healthy relationship. Also Read – Ashok Leyland stock tanks over 5 pc as co plans to suspend production for up to 15 daysThe conversations with the government cannot be stopped because the government is the sovereign and the RBI is part of the sovereign, he underlined. “The RBI is not a cheerleader for anyone but people who say the central bank should not be a cheerleader for the government, I have one question: ‘Do you expect the central bank to go on lecturing and abusing the government on the economy?'” Das wondered aloud. There will be differences of opinions, there is a difference of opinion between the RBI and the government on several issues but we do talk and these discussions are internally, he explained. “If at the drop of a hat, I rush to the media and make a statement expressing my differences with the government, then what it is going to achieve,” Das asked and said it is desirable that such expression of dissent is done internally. “In fact, let me may tell you when you have such discussions, the central bank carries greater weight in getting things which it wants to get done,” the governor said. It can be recalled that during the tenors of the past two governors–Raghuram Rajan and Urjit Patel–the differences between the government and the Mint Road began to spill onto the public domain. This had both of them leaving and also the deputy governor Viral Acharya.last_img read more

Hike in budget shows Bengals focus on healthcare services Health Secretary

first_imgKolkata: Binod Kumar, Secretary of the state Health department, said on Thursday that the Bengal government’s emphasis on improving the healthcare services in the state has been reflected in the increase of budgetary allotment.Kumar said that the budget allotment, which had been Rs 3,584 crore in 2011, has gone up to Rs 9,557 crore during the current financial year. He was addressing the gathering at the inaugural session of the 14th Healthcare East organised by CII in the city on Thursday. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaKumar said that there has been a “quantum jump” in health personnel strength, with the number of doctors in government hospitals going up from 4,800 in 2011 to 11,700 in the current year and the number of nurses up from 37,000 in 2011 to 52,850 in 2019. The Health Secretary added that 42 new superspeciality hospitals have been set up with 6,483 paramedics and 30,000 support staff, while tenders have been floated for 27 private nursing schools to boost the number of nurses involved in health services at the various state government hospitals. Also Read – Bengal civic volunteer dies in road mishap on national highwaySpeaking on the affordability of healthcare in the state, Kumar spoke about the Swasthya Sathi scheme in Bengal which brings 75 million people of the state under its coverage. People are availing benefits of health services worth Rs 5 lakh per annum. According to Kumar, Bengal is nationally ahead in terms of system delivery, immunisation and in reducing infant and female mortality rate. He said that the state government has been able to come up with a considerable number of sick new baby units, pediatric intensive care units and trauma care units, along with a remarkable increase in government hospital beds. The government has also been able to leverage IT platforms for the Swasthya Sathi package and payment claims of the same, he added. Andrew Ford, Consul General of Australia in Kolkata, elaborated on how India and Australia can come together to forge a strong partnership in areas of quality and remote care, alternate medicines, chronic disease management, critical support expertise, geriatric care, increasing women workforce participation and high-end research.last_img read more