Govt-RBI relationship like of 'husband-wife', says former PM Manmohan Singh
New Delhi, Dec 18: Former prime minister Manmohan Singh Tuesday said the relationship between the government and the RBI is like that of "husband-wife" and the difference of opinions must be resolved in a manner that the two institutions work in harmony.
The comments came against the backdrop of Urjit Patel resigning as RBI Governor earlier this month amid a tussle between the central bank and the finance ministry on matters ranging from the appropriate size of reserves the central bank must hold to the easing of lending norms for sectors such as small and medium enterprises.
Talking to reporters on the sidelines of the launch of his six-volume series of books titled 'Changing India' here, Singh, who is also a former RBI governor, said one has to respect the autonomy and the independence of the Reserve Bank of India (RBI).
"At the same time, I would say the relation between government and RBI is like husband-wife relationship. There will be hiccups, there will be difference of opinion, but ultimately these must be harmonised in a manner that these two great institutions can work in harmony," Singh said.
Following the resignation of Patel, the government appointed former Economic Affairs Secretary Shaktikanta Das, who spearheaded normalisation of economy post demonetisation of November 2016, as new RBI Governor.
"Whosoever is Governor of RBI, I wish him well," Singh said.
The former PM and Rajya Sabha member further said "we need" a strong and independent RBI which has to work in close cooperation with the central government.
"I do hope and pray that the government and the RBI find a way to work together," he added.
On questions related to farm loan waivers announced by the new governments in Madhya Pradesh and Chhattisgarh, Singh said "we have to honour" the commitment that is part of the election manifesto which went to poll.
"I haven't studied the impact but since the commitment has been made so we have to honour it," he said and added the loan waiver was a commitment made to people of the two states and what has been promised has to be delivered.
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AAP activists detained during Mumbai protest against Raghav Chadha
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Mumbai (PTI): Police on Sunday detained some Aam Aadmi Party activists in Mumbai after they staged a demonstration against Rajya Sabha member Raghav Chadha, who has crossed over to the BJP, in Khar area.
Aam Aadmi Party's Mumbai unit president Preeti Sharma Menon claimed the police prevented AAP workers from protesting peacefully against "traitor" Chadha and detained local leader Ruben Mascharanhas.
A Khar Police official confirmed that Mascharanhas and some other activists have been taken to the police station, without elaborating.
"@CPMumbaiPolice @mumbaipolice has no other work but to guard Raghav Chaddha’s Mumbai residence. @aapmumbai volunteers were prevented from protesting peacefully against the GADDAR. Ruben has been detained at the Khar Police Station. But BJP is allowed to block roads at their whim," Menon stated.
The AAP's Mumbai unit had planned a protest in the Khar area against Chadha and six other Rajya Sabha MPs of the party who recently joined the BJP.
"Without any detention order or any written communication, I have been taken to the Khar Police Station. Why is @MumbaiPolice so scared of @AAPMumbai's peaceful protest against 'Gaddar' Raghav Chaddha and Sandeep Pathak? We are @ArvindKejriwal's soldiers, we are not going to be cowed down," Mascharanhas said in another post.
The AAP suffered a jolt on Friday when seven of its Rajya Sabha members, including Chadha, Ashok Mittal and Sandeep Pathak, quit the party, with Chadha saying all of them have merged with the BJP, asserting that the Arvind Kejriwal-led party had strayed from its principles, values and core morals.
VIDEO | Mumbai: AAP workers protest outside Rajya Sabha MP Raghav Chadha’s residence.
— Press Trust of India (@PTI_News) April 26, 2026
On Friday, the AAP suffered a jolt when seven of its Rajya Sabha MPs Raghav Chadha, Ashok Mittal, Sandeep Pathak, Harbhajan Singh, Rajendra Gupta, Vikram Sahni and Swati Maliwal quit and merged… pic.twitter.com/GWKCSvDrOJ
