who is more powerful governor of RBI or PM
Answers
Explanation:
The governor of RBI and the Finance Minister both perform different work. The former is in charge of monetary policy and the latest in charge of fiscal policy. Both are supposed to act independently of each other, although policy coordination becomes necessary sometimes.
While the RBI governor is appointed by the Central Government and serves at it's pleasure. While the finance minister is appointed by the President on the advice of the PM. The FM also usually belongs to the Parliament and thus is more likely to have the PMs ear. The FM also has many more responsibilities. He prepares the Union Budget and is as such in charge of the allocations for various ministries/departments.
Since the FM has more responsibilities than the RBI governor and also has political power, she is more powerful than the governor.
Explanation:
PM is the most powerful than RBI governor.
Eg:
we know that in recent times they changed the money like (₹1000 and ₹500) , after the order of PM. they change the money. From these we know that , according to the order of prime minister they were power.