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Discussions between Centre and RBI have never been disclosed: Arun Jaitley

Finance minister Arun Jaitley on Wednesday refused to be drawn into the row over his ministry using a never-used provision to ask RBI for resolution of issues, saying discussions and consultations with the central bank have never been disclosed.

india Updated: Oct 31, 2018 21:07 IST
RBI,Arun Jaitley,Secton 7
Arun Jaitley said he would not say anything more than what a press statement issued by his ministry on the RBI row said.(PTI)

Finance minister Arun Jaitley on Wednesday refused to be drawn into the row over his ministry using a never-used provision to ask RBI for resolution of issues, saying discussions and consultations with the central bank have never been disclosed.

At a news conference, the minister said he would not say anything more than what a press statement issued by his ministry on the RBI row said in the morning.

Asked if the government has used the never-used provision under Section 7 of the RBI Act that gives it power to issue directions to the central bank on matters of public interest, he said communications and layers of consultations between the government and the RBI haven’t ever been disclosed.

Final decisions arrived at are only communicated, he said.

First Published: Oct 31, 2018 21:07 IST