RIFT BETWEEN RBI AND CENTRAL GOVERNMENT – BEFI
Rift between RBI and Central Government – BEFI RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT BANK EMPLOYEES FEDERATION OF INDIA NARESH PAUL CENTRE 53 Radha Bazar Lane, (1st Floor), Kolkata – 700 001 e-mail: pradipbefi@yahoo.co.in Website: www.befi.in (Ph):033- 2225-4414/2236-5108 (M) 9433144271 Fax: 033-2236-5109/2242-0690 Press Statement issued on 30th October 2018 by Shri Pradip Biswas, General Secretary, Bank Employees Federation of India, at Kolkata, ON THE RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT We are disgusted, rather alarmed, at the public show of rift between the Reserve Bank of India (RBI) and the Central Government in recent months. Based on the recommendation of the Royal Commission on Indian Currency and Finance (1926), as conceptualised by Dr. B.R.Ambedkar in his famous book, “The problem of the Rupee – its origin and its solution”, RBI was established in 1935 to take care of the financial troubles in the aftermath of the First World War. Since then it has ...