Replying to a specific question on changes in import duty on gold, he said “it can definitely be deferred till elections are over”.
On issuance of new bank licences by the RBI, the Election Commissioner said “personally, I don't see any ground or visualise any objection to issuances of licences by RBI to our banking infrastructure”.
However, he added, if RBI thinks that it require any no objection certificate (NOC) or clearance from election commission, “they are welcome”.
“I don't think election commission will ever have a doubt or even have a point of objection for their opening of new banking institutions which is required for our country, which is definitely a welcome step,” he added.
The model code of conduct has come into play with announcement of general elections.
