Cong reacts cautiously over new RBI Governor's appointment

Image
Press Trust of India New Delhi
Last Updated : Aug 22 2016 | 9:32 PM IST
Congress today reacted cautiously over the appointment of Urjit Patel as the next RBI Governor even as it took a dig at the Modi government, saying incumbent Raghuram Rajan was "literally hounded out".
"The RBI Governor is taking over in rather peculiar circumstances and that is the biggest under-statement which I can make," party spokesman Manish Tewari told reporters here.
"He is stepping into an office where his predecessor was literally hounded out. So, we will have to wait and see," he said.
At the same time, Tewari said RBI as an independent body has had a very glorious and illustrious past, many distinguished, men and women have led and contributed to this institution and so, "therefore, let us wait, the jury is really out on this one.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 22 2016 | 9:32 PM IST

Next Story