Page 5 - Urjit Patel

Urjit Patel could herald climate change-financial world links

Central bank governors proclaim that climate change is the darkest impending risk, comparable to terrorism

Urjit Patel quits FRBM review panel, no plans for replacement: Sources

The panel is to suggest any changes required in the FRBM Act and recommend India's future fiscal road map

Patel to maintain Rajan's anti-inflationary stance: Goldman Sachs

It says that Patel's appointment as the next RBI Governor will lead to policy continuity

Twitter deletes fake account of RBI Governor designate Urjit Patel

The micro-blogging site has deleted the account once RBI denied that Patel does not have an account

Govt bets on Patel to balance inflation and growth

RBI governor-designate's experience will ensure he 'rises to the occasion'

Letters: Sensible choice

With reference to "Promise of continuity" (August 22), what is important to look at is the continuation of Raghuram Rajan's monetary policy right from the matter of controlling inflation to maintaining a stable and decent value of the rupee, especially in a highly complex and uncertain environment. The appointment of Rajan's widely perceived and trusted lieutenant, Urjit Patel, should not entirely come as a surprise as his name was already doing the rounds and he was tipped to become the next Reserve Bank of India governor. One can certainly look forward to a consistency in the policy decisions and wish him good luck for his future endeavour. On other hand, the government, which has now put to rest all such speculations and is keen to prop up the growth rate, can also heave a sigh of relief as Patel has been around with Rajan for quite some time with deep understanding of the ground realities and the state of the Indian economy.Srinivasan Umashankar NagpurLetters can be mailed, faxed

Letters: Patel's point of view

With reference to "Promise of continuity" (August 22), everybody is wondering what prompted Prime Minister Narendra Modi to finally select Urjit Patel as the new Reserve Bank of India (RBI) governor. Is it his excellent credentials in academics or his wide-ranging experience with the central bank? Unlike Raghuram Rajan, the outgoing governor who made about 38 outstanding speeches, Patel is a man of few words and has not made more than two-three speeches as a central banker. Speeches reveal the mind of a person. So Modi could not have decoded Patel's personality through his public talks. But one feature that Patel wrote in a 2012 article co-authored with former finance secretary Vijay Kelkar would have triggered Modi's decision-making process in his favour. "The profligacy of the central government has its primary driver in populist spending policies initiated in early 2008 by the ruling coalition leading up to national elections in May 2009," Patel wrote. Since then, he has been on the

Letters: Break from tradition

With reference to "Continuity signal for Mint Road" (August 21), I wish to bring it to the notice of your readers that it will be over 73 years on September 4 - when Urjit Patel assumes office as Reserve Bank of India governor - that a deputy governor becomes an RBI governor. It happened last in August 1943, when C D Deshmukh walked into the governor's chair. Prior to that, there was one such occasion in 1937, when Sir James Taylor succeeded the first RBI governor, Sir Osborne Smith. Between 1943 and now, there has been three occasions when a deputy governor held temporary charge of the governorship for a few weeks, pending a regular appointee, assuming the office. And there have been two cases, of C Rangarajan and Y Venugopal Reddy, when an ex-deputy governor came back to RBI to become governor, after spending time elsewhere. Thus, Patel's appointment is a break from an over seven decades-old tradition of the top job in RBI going to an outsider.R C Mody New DelhiLetters can be maile

Urjit Patel competent economist: Arun Jaitley

Jaitley said, 'I believe that he will be able to contain inflation with Monetary Policy Committee to assist him'

Govt hopes Urjit Patel will 'rise to occasion', curb inflation

Govt has set an inflation target of 4%, plus or minus 2%, while consumer price inflation soared to 6.07% in July

Patel's elevation may ease govt-RBI relations

Outgoing governor Raghuram Rajan is said to have shared a cordial relationship with PM Narendra Modi and Finance Minister Arun Jaitley

New RBI governor Urjit Patel's views on key topics

Signalling continuity in the policies championed by outgoing head Raghuram Rajan

Solitary by nature and temperamental at times, Urjit Patel steps into spotlight

Patel avoids large meetings and gatherings with colleagues and gives few speeches or media interviews

New RBI governor Urjit Patel's arduous task: getting banks to lower rates

Patel knows well that banks' reluctance is blunting transmission of monetary policy into the broader economy

Naming of new RBI chief shows Modi government regains composure after Rajan shock

Raghuram Rajan's abrupt announcement of his departure came as a surprise to many, but the way Urjit Patel was chosen as his successor has been anything but.

Continuity at RBI to comfort markets

Stocks likely to welcome stability theme; rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior

Urjit Patel: The 'known unknown'

The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings

RBI Governor need not have a 'rock star' status: Fitch

Raghuram Rajan was often called the 'rock star' RBI governor

Promise of continuity

Urjit Patel's elevation shows govt's support for fighting inflation

Urjit Patel as RBI Governor indicates policy continuity: Nomura

Urjit Patel, a Deputy Governor at the RBI, was named as the next chief of India's central bank, yesterday, to succeed Raghuram Rajan