Finance Minister Nirmala Sitharaman on Tuesday briefed the Central Board of the Reserve Bank of India about the government’s priorities . This was the first meeting of the RBI board after the Common Budget , which took place through video conferencing and was also addressed by Sataraman.
As per convention, the finance minister meets with the board members of the RBI and market regulator Securities and Exchange Board of India (SEBI) every year after the presentation of the budget. In its meeting, the board said, the board reviewed the current economic situation, global and domestic challenges and various areas of the Reserve Bank’s operations, including ways to strengthen the grievance redressal mechanism in banks.
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The meeting held on Tuesday was chaired by RBI Governor Shaktikanta Das. Nominee Directors’ Financial Services Secretary Debashish Panda and Economic Affairs Secretary Tarun Bajaj also attended the meeting. Apart from Sitharaman, Minister of State for Finance Anurag Singh Thakur, Finance Secretary Ajay Bhushan Pandey and Secretary of the Department of Investment and Public Asset Management Tuhin Kant Pandey were also present.
587th meeting of RBI Central Board
RBI said in a statement that the Finance Minister addressed the 587th meeting of the RBI Central Board and informed the members about the important initiatives and priorities of the government in the budget. She said, while appreciating the Finance Minister on the budget, the board members made several suggestions for the government’s consideration. The Central Board of Directors also reviewed the current economic situation in its first meeting after the presentation of the budget for 2021-22.