RBI union are not ready to part with the management for the implementation of the public debt systemAs it is said that their can only be one supreme power. A second power can lead to conflicts and tensions. Same is about to happen with the public debt system. The government is proposing a shift in power of public debt system from RBI to an independent entity. From the past 80 years RBI has been successful in operating in this sector. Even the trade unions have agreed to this . There is no denial to this fact. Though the government's one of the agenda from 2007 has been to shift some of the power from the RBI. The Governor believes that if the crucial debt management system shift power than it will be very tough to control the monetary policies, ensure financial stability and confine the inflation to the limit posed. The liquidity ratio is impossible to regulate with two managements working together. The economy of india is at crucial point, the government might need stimulus at any point of time. But with the current debacle going on it will be difficult for the government and RBI to manage .
How many think that this will be profitable and how many think that this will result in an avalanche?
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