Urjit Patel

Supreme Court Issues Notice To RBI On Pleas Alleging Violation Of RTI Law

India News | Press Trust of India | Saturday January 26, 2019

The Supreme Court Friday sought RBI''s response on two pleas seeking contempt proceedings against the central bank and its former Governor Urjit Patel for non-disclosure of information under RTI about some banks.

"RBI Governors Insulted By Centre, Forced To Quit": P Chidambaram

India News | Press Trust of India | Sunday January 20, 2019

Former Finance Minister P Chidambaram today attacked the Centre over the exit of Urjit Patel and Raghuram Rajan from the RBI, saying that never have two RBI governors been humiliated and forced to quit, while speaking at a seminar in Mumbai.

"For Opposition Leaders, Modi Is The Issue," Says PM: Highlights

India News | Edited By Swati Bhasin, Vaibhav Tiwari | Tuesday January 1, 2019

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

India News | Edited by Divyanshu Dutta Roy | Wednesday January 2, 2019

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.

Opinion: After Big Exit, The Assault On RBI's Autonomy Is Just Starting

Business | Andy Mukherjee, Bloomberg Opinion | Friday December 21, 2018

Their first move, unveiled Thursday, is an innocuous - even laudable - infusion of 410 billion rupees ($5.9 billion) into troubled state-run lenders, bumping up this fiscal year's outlay for bank recapitalization by 63 percent to 1.06 trillion rupees.

"Government, RBI Relation Like That Of Husband And Wife": Manmohan Singh

India News | Press Trust of India | Tuesday December 18, 2018

Former prime minister Manmohan Singh on Tuesday said the relationship between the government and the RBI is like of "husband-wife" and the difference of opinions must be resolved in a manner that the two institutions work in harmony.

"No Threat To Autonomy Of Banks": Arun Jaitley On Urjit Patel Resignation

India News | Press Trust of India | Tuesday December 18, 2018

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.

Government's Cash Problem Just Got More Bearable, Thanks to RBI Switch

Business | Vrishti Beniwal, Bloomberg | Tuesday December 18, 2018

Shaktikanta Das, a former bureaucrat picked by PM Modi to steer the RBI after Urjit Patel's exit, is open to hearing the government out on its concerns about the economy -- whose growth slowed in the three months through September. Getting the RBI to share its capital will help the government boost growth without missing its budget deficit goal of ...

Market Review: Good Macroeconomic Data, Hopes Of Low Interest Rates Fuel Indices

Business | Indo-Asian News Service | Sunday December 16, 2018

Expectation of lower interest rates with further liquidity infusion by the Reserve Bank of India (RBI) under its new chief, along with healthy macro-economic data points, drove the key equity indices forward.

Institutions Must Remain Independent Despite "Marching Orders": Raghuram Rajan

India News | Written by Alisha Sachdeva | Friday December 14, 2018

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

Business | Thomson Reuters | Friday December 14, 2018

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

India News | Press Trust of India | Friday December 14, 2018

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.

Differences Either Get Settled Or RBI Governors Make Way: Arun Jaitley

Business | Indo-Asian News Service | Thursday December 13, 2018

Jaitley said the RBI has the responsibility as far as credit and liquidity is concerned and it is not an issue of confrontation if the "sovereign accountable government" forces the issue for a discussion and redressal by the RBI.

For 2019, BJP Will Bet Bigger Than Ever On Narendra Modi: Foreign Media

India News | Iain Marlow, Bibhudatta Pradhan and Archana Chaudhary, Bloomberg | Thursday December 13, 2018

Rocked by regional election defeats and investor dismay at the surprise loss of the central bank chief, India's ruling party is doubling down on Prime Minister Narendra Modi.

Foreign Media On 'Potentially Catastrophic' Fight At RBI

India News | Joanna Slater, The Washington Post | Thursday December 13, 2018

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.