Urjit Patel Resigns: 10 Things To Know About The RBI-Government Conflict
Urjit Patel Resigns: 10 Things To Know About The RBI-Government Conflict
Opposition parties were quick to blame the government for Urjit Patel's resignation, with the Congress declaring it as the "result of our chowkidar's assault on democratic institutions".
RBI Governor Urjit Patel cited "personal reasons" for his decision to resign.
New Delhi: Reserve Bank of India (RBI) Governor Urjit Patel stepped down from his position today, months after a conflict between the central bank and the Narendra Modi government stormed into the open. The opposition parties were quick to blame the government for his decision, with the Congress declaring it as the "result of our chowkidar's assault on democratic institutions". Although Mr Patel cited "personal reasons" for stepping down, the last few months have provided enough reasons to make one believe that there may be more to the story.