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RBI vs govt: We didn't ask for Urjit Patel's resignation, says Arun Jaitley

Govt doesn't need a single penny from RBI in this fiscal, said Arun Jaitley

Press Trust of India  |  New Delhi 

Contents of Finance Minister Arun Jaitley's speech will be finalised by mid-January.
Finance Minister Arun Jaitley

Minister Tuesday said the government never sought the resignation of as Governor of the over differences in handling liquidity stress in certain sectors.

Speaking at Agenda Aaj Tak, he said the government does not need a single penny from RBI's capital reserves during the current fiscal.

Responding to criticism over surprise resignation of Patel as Governor earlier this month, he said there were cordial discussions at the meeting of the board over issues such as the appropriate size of reserves the central bank must hold.

"The government never asked for his resignation," he said.

After Patel's resignation, the government appointed former bureaucrat Shaktikanta Das as the Governor of

First Published: Tue, December 18 2018. 12:55 IST