Asked if out-of-turn rate can be expected, Finance Secretary Rajiv Mehrishi told CNBC-TV18 said he would not want to comment on monetary policy action of the Reserve Bank of India (RBI) but being out of sync with the world, which we are this point, does not seem right.
The government had set up NITI Aayog (National Institution for Transforming India) on January 1 to replace the 65-year-old socialist-era Planning Commission.
The Planning Commission has been replaced by a new institution named Niti Aayog or the National Institution for Transforming India. But veteran economist Haseeb Drabu sees it as an exercise in rebranding rather than restructuring