Urjit Patel Resigns
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RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...
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"For Opposition Leaders, Modi Is The Issue," Says PM: Highlights
Prime Minister Narendra Modi spoke to news agency ANI today on BJP's loss in assembly elections in five states, resignation of Urjit Patel from the Reserve Bank of India, demonetisation, among other important political and people issues.
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"I'm Revealing For The First Time...": What PM Modi Said On Urjit Patel
Urjit Patel had wanted to resign for months because of "personal reasons", Prime Minister Narendra Modi said Tuesday, talking about the resignation of the former Reserve Bank of India governor in December amid speculation of a rift with the government. "He wrote to me personally," PM Modi said in an interview to news agency ANI.
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"No Threat To Autonomy Of Banks": Arun Jaitley On Urjit Patel Resignation
Finance Minister Arun Jaitley on Tuesday said the government did not seek resignation of Urjit Patel as RBI Governor over differences on some issues, and went on to cite how central bank heads were made to resign under prime ministers Jawaharlal Nehru and Indira Gandhi and when Yashwant Sinha was finance minister.
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Institutions Must Remain Independent Despite "Marching Orders": Raghuram Rajan
Urjit Patel's resignation from the post of Reserve Bank of India governor has spurred a number of economists - including his predecessor Raghuram Rajan - to stress on the need for the country's top institutions to function in a manner "independent" of the government's demands.
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RBI Board Reviews Governance Framework Under New Governor Shaktikanta Das
This is the first board meeting after the RBI's former chief Urjit Patel's resignation earlier this week following widening differences between the government and the central bank.
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"Modi government Thinks It Owns RBI," Says P Chidambaram
Attacking the Narendra Modi government over its differences with RBI Governor Urjit Patel who resigned on Monday midway through his term, former Union Finance Minister P Chidambaram on Thursday said the Modi government thinks it owns the RBI.
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Foreign Media On 'Potentially Catastrophic' Fight At RBI
Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy.
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RBI Governor Shaktikanta Das To Meet Chiefs Of State-Run Banks On Thursday
RBI Governor Shaktikanta Das's more communicative approach is in contrast to his more reticent predecessor, Urjit Patel, who resigned on Monday following a drawn out public dispute with the government.
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The Last Days of Urjit Patel, A Central Banker Under Fire
In the end, India's vanquished central banker left with scarcely a whimper, even neglecting to give his closest colleagues a heads-up of his early exit from the national stage.
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Government Appoints Shaktikanta Das As RBI Governor: Here's What Experts Say
On Monday, Urjit Patel's resignation came after over a month-long tussle over policy with government that raised concerns about RBI's independence.
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Shaktikanta Das: Everything You Need To Know About RBI's New Governor
Shaktikanta Das, who retired as Economic Affairs Secretary in May 2017, has been appointed for a term of three years.
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What's Next For RBI: Friday Board Meet Unlikely Without New Governor
There's no obvious candidate, but local media are floating names of several people, including Subhash Chandra Garg, and Rajiv Kumar, both of whom are RBI board members.
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Announcement On Urjit Patel's Successor Likely Soon: Finance Secretary
The RBI has been rendered headless following Urjit Patel's unexpected resignation with immediate effect on Monday. His exit comes four days ahead of a crucial meeting of the board of the central bank that could have discussed issues of simmering differences with the government.
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Urjit Patel Resignation "Disturbing", Says Bank Staff Association
The government is bent on weakening the RBI and making it pliable to meet its own political needs, said All India Bank Employees' Association General Secretary CH Venkatachalam.
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RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"
Viral Acharya, Deputy Governor of the Reserve Bank of India (RBI), has resigned, citing "unavoidable personal circumstances". Mr Acharya, whose term was scheduled to end in February, conveyed his decision to the central bank in a letter. "Consequential action arising from his letter is under consideration of the Competent Authority," the RBI said i...
-
"For Opposition Leaders, Modi Is The Issue," Says PM: Highlights
Prime Minister Narendra Modi spoke to news agency ANI today on BJP's loss in assembly elections in five states, resignation of Urjit Patel from the Reserve Bank of India, demonetisation, among other important political and people issues.
-
"I'm Revealing For The First Time...": What PM Modi Said On Urjit Patel
Urjit Patel had wanted to resign for months because of "personal reasons", Prime Minister Narendra Modi said Tuesday, talking about the resignation of the former Reserve Bank of India governor in December amid speculation of a rift with the government. "He wrote to me personally," PM Modi said in an interview to news agency ANI.
-
"No Threat To Autonomy Of Banks": Arun Jaitley On Urjit Patel Resignation
Finance Minister Arun Jaitley on Tuesday said the government did not seek resignation of Urjit Patel as RBI Governor over differences on some issues, and went on to cite how central bank heads were made to resign under prime ministers Jawaharlal Nehru and Indira Gandhi and when Yashwant Sinha was finance minister.
-
Institutions Must Remain Independent Despite "Marching Orders": Raghuram Rajan
Urjit Patel's resignation from the post of Reserve Bank of India governor has spurred a number of economists - including his predecessor Raghuram Rajan - to stress on the need for the country's top institutions to function in a manner "independent" of the government's demands.
-
RBI Board Reviews Governance Framework Under New Governor Shaktikanta Das
This is the first board meeting after the RBI's former chief Urjit Patel's resignation earlier this week following widening differences between the government and the central bank.
-
"Modi government Thinks It Owns RBI," Says P Chidambaram
Attacking the Narendra Modi government over its differences with RBI Governor Urjit Patel who resigned on Monday midway through his term, former Union Finance Minister P Chidambaram on Thursday said the Modi government thinks it owns the RBI.
-
Foreign Media On 'Potentially Catastrophic' Fight At RBI
Central banks are usually pretty boring places, home to technocrats who keep watch on inflation and exchange rates and pride themselves on avoiding public controversy.
-
RBI Governor Shaktikanta Das To Meet Chiefs Of State-Run Banks On Thursday
RBI Governor Shaktikanta Das's more communicative approach is in contrast to his more reticent predecessor, Urjit Patel, who resigned on Monday following a drawn out public dispute with the government.
-
The Last Days of Urjit Patel, A Central Banker Under Fire
In the end, India's vanquished central banker left with scarcely a whimper, even neglecting to give his closest colleagues a heads-up of his early exit from the national stage.
-
Government Appoints Shaktikanta Das As RBI Governor: Here's What Experts Say
On Monday, Urjit Patel's resignation came after over a month-long tussle over policy with government that raised concerns about RBI's independence.
-
Shaktikanta Das: Everything You Need To Know About RBI's New Governor
Shaktikanta Das, who retired as Economic Affairs Secretary in May 2017, has been appointed for a term of three years.
-
What's Next For RBI: Friday Board Meet Unlikely Without New Governor
There's no obvious candidate, but local media are floating names of several people, including Subhash Chandra Garg, and Rajiv Kumar, both of whom are RBI board members.
-
Announcement On Urjit Patel's Successor Likely Soon: Finance Secretary
The RBI has been rendered headless following Urjit Patel's unexpected resignation with immediate effect on Monday. His exit comes four days ahead of a crucial meeting of the board of the central bank that could have discussed issues of simmering differences with the government.
-
Urjit Patel Resignation "Disturbing", Says Bank Staff Association
The government is bent on weakening the RBI and making it pliable to meet its own political needs, said All India Bank Employees' Association General Secretary CH Venkatachalam.
