He said that if consensus eluded the bill, "the only alternative is the parliamentary process - we will ask the Rajya Sabha and take a view on it". Jaitley with Rajan at the IMF 2016 Spring Summit in Washington in April. Asked if the Centre would give Rajan a second term after his tenure ends in September, Jaitley said: "Such issues are not discussed through the media." Asked about the court's comments, Jaitley said: "The drought-stricken states have a responsibility with their geographical territories to manage it. The independence of the judiciary is extremely important and it's rightly stressed upon by the judiciary," the finance minister said today.

Source: The Telegraph May 16, 2016 16:15 UTC