Letters: More than distrust | Business Standard Letters

Letters: More than distrust | Business Standard Letters

Mutual
distrust
This refers to the BS editorial
“Mutual distrust” (July 27) which gives an excellent analysis of the current
controversy arising from the draft Indian Financial Code circulated by GOI.
Having said that, one is tempted to add that reducing the present controversy
over the constitution of MPC to a case of mutual mistrust would be
over-simplifying the matter.
Government's eagerness to
do backseat driving in various organisations which have mandated roles to
perform need to be understood clearly. If there is lack of clarity in the role
expectations, GOI is welcome to make legislative changes. But it is a different
story, if the government moves on to keep control over the 'application of
mind' by statutory bodies like RBI through ensuring majority presence of their nominees
in policy formulating fora. Experience shows that, so far, government nominees
on boards generally take brief from ministries concerned before attending
meetings and their freedom to think independently is limited.


M
G Warrier, Mumbai 

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