You are here: Home » PTI Stories » National » News
Business Standard

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 India. 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.)

RECOMMENDED FOR YOU

Jairam Ramesh barb: Jaitley defends RBI Guv Urjit Patel

Finance Minister Arun Jaitley today came to the defence of RBI Governor Urjit Patel in the wake of criticism by Congress 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 Jairam Ramesh 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, Congress spokesperson Ramesh alleged that RBI was kept in the dark by the government about its surprise demonetisation move. "Urjit Patel is either guilty of misleading the nation about RBI's preparedness on demonetisation or has sacrificed the autonomy of RBI. Either way, he should resign," Ramesh had said. "RBI is the monetary authority of India and is solely responsible for making bank notes available to all residents of India. If RBI headed by Patel gave its approval to the Prime Minister's demonetisation plan, then ... 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 India. 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.)

image
Business Standard
177 22

Jairam Ramesh barb: Jaitley defends RBI Guv Urjit Patel

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 India. 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.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard