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Jairam Ramesh barb: Jaitley defends RBI Guv Urjit Patel

Press Trust of India  |  New Delhi 

Finance Minister today came to the defence of RBI Governor Urjit Patel in the wake of criticism by leader Jairam Ramesh, saying it is an "unfair attack" and politicians should refrain from making comments on those who cannot defend themselves.

"An unfair attack by on the RBI Governor. Must politicians attack those who can't defend themselves in the same tone?" he said in a tweet.

In an article written in National Herald, spokesperson Ramesh alleged that RBI was kept in the dark by the government about its surprise move.

"Urjit Patel is either guilty of misleading the nation about RBI's preparedness on or has sacrificed the autonomy of RBI. Either way, he should resign," Ramesh had said.

"RBI is the monetary authority of and is solely responsible for making bank notes available to all residents of If RBI headed by Patel gave its approval to the Prime Minister's plan, then ostensibly RBI was confident of making currency notes available easily."

He complained that there are not enough notes in the system and this shortage can continue for at least a few more weeks, if not months.

Questioning the RBI Governor's "stoic silence" through the entire currency crisis of the last two weeks, Ramesh said the central bank is independent and autonomous and needs to clarify on the current situation.

"How can the head of RBI that is solely responsible for the current currency crisis not be seen clarifying and assuring the nation amid this grave crisis?" he questioned.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, November 27 2016. 13:57 IST