There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India.  It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India.  Consultations between the Government and the RBI are undertaken on various matters of public importance wherever such consultation is mandated by law or has evolved as a practice. Consultations mandated by law or as evolved by practice should not be taken as infringement of autonomy of RBI.

Autonomy of central bank preserved despite statutory consultations between government and central bank, routine and not an infringement. The Government affirms respect for the Reserve Bank of India's autonomy and independence and states that consultations with the RBI-where mandated by law or established by practice-are routine mechanisms for addressing public matters and do not constitute infringement of that autonomy.