Enjoy autonomy, but consult stakeholders: FM to regulators
Finance Minister Arun Jaitley on Tuesday said while enjoying functional autonomy, a regulator cannot be "isolationist" and has to consult all stakeholders. There is a fair chance of a regulator going wrong because of the isolationist attitude, he added. The government used "every instrument available to force a discussion with RBI" on issues of liquidity and credit, he further said.