RBI Deputy Governor Viral Acharya quits 6 months before his term ends
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
Addressing the media on monetary policy, Das said the GDP growth has been projected at 7.4 per cent for 2019-20.
Congress calls the interview a "monologue" with "full of jumla"; BJP says PM Modi demolished the “motivated agenda” of Opposition parties with this comprehensive interview on the New Year Day
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors - Raghuram Rajan and Urjit Patel - were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics and is an IAS officer (bureaucrat) with specialisation in history.
Patel's decision to quit came days ahead of a crucial board meeting that was likely to discuss issues pertaining to simmering differences with the government
Gandhi said that the RBI Governor is resigning because he’s protecting the institution of RBI.
Reserve Bank of India (RBI) Governor Urjit Patel resigned on Monday in an abrupt move that follows days of a bitter row between the central bank and the central government over surplus reserves.
The MPC noted that crude oil prices have declined sharply, reflecting higher supplies and easing of geopolitical tensions.
The expert committee to be set up jointly by the government and the RBI will now decide about the adequate size of the capital base.
