Whose advice should Finance Minister Nirmala Sitharaman follow - RBI or Chief Economic Advisor?
The RBI working paper co-authored by RBI Deputy Governor Michael Debabrata Patra, who is also a member of the six-member monetary policy committee has recommended that maintaining the inflation target at 4 per cent is appropriate for the country
Anand Adhikari | February 19, 2021 | Updated 20:05 IST
Finance Minister Nirmala Sitharaman
In a span of just a month, there are two reports on inflation band and the composition which offers indirect advice to the government in reviewing the monetary policy committee (MPC) framework, which is due in March next month.