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‘Urjit had been wanting to quit for past 6-7 months’, says Modi

Modi rejected all the allegations that Patel resigned due to the differences with the government on a host of issues including transfer of surplus reserves of the RBI.

Saima Siddiqui

Saima SiddiquiBy Saima Siddiqui

Published on 2 Jan 2019 6:05 AM GMT

‘Urjit had been wanting to quit for past 6-7 months’, says Modi
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‘Urjit had been wanting to quit for past 6-7 months’, Modi says
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New Delhi: Defying all the opposition charges for the resignation of former Reserve Bank of India governor, Urjit patel, Modi said on Tuesday,the former had been telling the PM about his intentions to quit for the past 6-7 months.

Modi revealed in an interview,"I am revealing for the first time, he (Urjit Patel) was telling me about this for the past 6-7 months before his resignation. He gave it even in writing. He wrote to me personally.

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Modi rejected all the allegations that Patel resigned due to the differences with the government on a host of issues including transfer of surplus reserves of the RBI.

Patel's resignation came following a spat between the RBI and the government over the issue of RBI autonomy. Later, a former economic affairs secretary,Shaktikanta Das, was appointed as the new RBI governor.

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PM Modi rejected oppositions charges leveled against his government for involvement in Patel's resignation saying,

"No such question arises. I acknowledge that Patel did a good job as RBI governor,” Modi said praising Patel.

He targeted Congress party saying they had forced governors to leave before their term expired and the party had called the Planning Commission “a bunch of jokers”. “ Do you remember who the vice-chairman was?” Modi asked.

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Saima Siddiqui

Saima Siddiqui

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