Twitter erupts with reactions on Urjit Patel’s resignation from the Reserve Bank of India
- Urjit Patel, the governor of the Reserve Bank of India, has resigned from his post on the central bank’s board.
- Reactions from officials range from ‘I told you so’ to commending the governor’s tenure in office.
Urjit Patel had earlier threatened to resign from the RBI with the widening rift between the government and the Reserve Bank of India — especially over the question of the central bank’s autonomy — it was reported that both parties had ultimately reached a ‘truce’.
While some had speculated that the governor would resign, nobody had the exact date on their cards and the decision rolled in a little earlier than expected. With the general elections around the corner, reactions from politicians and fellow academicians flew in — ranging from support over Patel’s decision to how the current government is creating a hostile environment that’s not conducive for efficient decision-making.
Narendra Modi: ‘Urjit Patel leaves a great legacy, under his leadership, the RBI brought financial stability’
Dr Urjit Patel is an economist of a very high calibre with a deep and insightful understanding of macro-economic is… https://t.co/DyZUxKIXPv— Narendra Modi (@narendramodi) 1544444710000
Arun Jaitley: ‘Wish Dr. Patel all the very best’
I wish Dr. Patel all the very best and many more years of public service. (2/2)— Arun Jaitley (@arunjaitley) December 10, 2018
The Government acknowledges with deep sense of appreciation the services rendered by Dr. Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of The RBI. It was a pleasure for me to deal with him and benefit from his scholarship. (1/2)— Arun Jaitley (@arunjaitley) December 10, 2018
Congress: ‘Another one bites the dust’
Another one bites the dust.— Congress (@INCIndia) December 10, 2018
This is the result of our 'chowkidar's' assault on democratic institutions - RBI Governor, Urjit Patel steps down. https://t.co/SFEih1WYZ9
Subramanian Swamy: ‘It is a direct consequence of FM blaming him publicly yesterday for NPAs.’
If RBI governor resigns then it is a direct consequence of FM blaming him publicly yesterday for NPAs. Patel is a self respecting scholar of economics(Ph.D in Banking from Yale). He should be persuaded to stay.— Subramanian Swamy (@Swamy39) October 31, 2018
AAP: ‘Demonetisation was just a move to benefit cronies.’
Since the very first day, @ArvindKejriwal has been saying that #Demonetisation is the biggest scam of India ever.— AAP (@AamAadmiParty) December 10, 2018
It was just a move to benefit cronies. #UrjitPatel #KejriwalToldYouSo pic.twitter.com/w14uYDIxzB
Saddened, not surprised, by Dr Urjit Patel's resignation. No self respecting scholar or academic can work in this government.— P. Chidambaram (@PChidambaram_IN) December 10, 2018
Reserve Bank Of India Governor Urjit Patel Resigns Citing ‘Personal Reasons’
Question of autonomy — As the Indian government tries to strong arm the country’s central bank, its governor threatens to resign
After weeks of tension, the Reserve Bank of India gives in to some of the central government's demands while retaining its independence