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‘RBI should be allowed to take its own decisions’

New Delhi: RBI, which has full autonomy and support of the government, should be allowed to take its own decisions, an employee quoted RBI Governor Raghuram saying. Nation’s top banker was addressing an in-house meeting of RBI employees in Odisha, where he is on a 3 day visit. Rajan said that as Indian economy is agriculture based, focus should be on small and medium agro-based projects.

“RBI’s decision is very crucial as it is connected with fate of crores of people. A slight mistake could put the entire country and its people in trouble. Therefore, RBI’s decision must be accurate and to the point keeping in view the interest of the people,” the employee said quoting Rajan.

In the interaction programme with RBI employees, Rajan also said Odisha was rich in mineral resources and the state should also use its tourism potential to boost the economy. Rajan also visited Kalinga Institute of Social Sciences (KISS) and discussed with its officials regarding the financial model of the school and its management.