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.
I wish Dr. Patel all the very best and many more years of public service. (2/2)
— Arun Jaitley (@arunjaitley) $4 ]]>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) $4 ]]>Congress: ‘Another one bites the dust’
Another one bites the dust.
This is the result of our 'chowkidar's' assault on democratic institutions - RBI Governor, Urjit Patel steps down. $4
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) $4 ]]>AAP: ‘Demonetisation was just a move to benefit cronies.’
Since the very first day, $4 has been saying that $4 is the biggest scam of India ever.
It was just a move to benefit cronies. $4 $4 $4
P.
Saddened, not surprised, by Dr Urjit Patel's resignation. No self respecting scholar or academic can work in this government.
— P. Chidambaram (@PChidambaram_IN) $4 ]]>See also:
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