In case of a split vote, Governer holds the ace

Section 13 of the RBI Act gives Governor the deciding vote
Monday’s meeting of the Reserve Bank of India’s Central Board will be as important for the actions taken as for the fact that it’s the first time the body has met since the ‘RBI vs Finance Ministry’ tussle broke out in the open. The public exchange of words and criticism began with RBI Deputy Governor Viral Acharya firing the first salvo, saying the government was encroaching on the central bank’s independence and autonomy. Opinions on the matter ranged from saying that the government had no business to engage in monetary policy decisions to opining that the RBI was never really independent of the government due to the way the RBI Act is worded, and still others pointing out that the whole issue was not a tussle between institutions but between two particular individuals. The issue of the government encroaching on the RBI’s autonomy has been discussed extensively already, but less has been mentioned about the effects that differences between the RBI Governor and the Centre could have on decision-making, as seems to be the case currently. One of the main issues with bodies like the RBI Board and the Monetary Policy Committee is whether decision making by committee is preferable to one man calling the shots. The theorem says that if a system is completely democratic where everybody has an equal vote, then it would be vulnerable to tactical voting (which is where people vote according to their own private interests, even if their stated interests are different). In other words, people try to game the system in their favour every time they get the chance. The only way to counter this is something the government seems to have realised — empowering a single individual in the voting system more than the others. In both the RBI Board and the MPC, that person is the Governor, who has been given the deciding vote in the case of a tie. How that plays out on Monday will be key. Will personal animosity derail professional duties?
Unlikely, but non-zero in its probability.
Source : https://www.thehindu.com/todays-paper/tp-business/in-case-of-a-split-vote-governer-holds-the-ace/article25533907.ece

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