Former RBI Governor, Urjit Patel, appointed as ED at IMF
Former Governor of Reserve Bank of India (RBI), Urjit Patel, has been appointed Executive Director at the International Monetary Fund (IMF), government said in a statement on Friday.
Former Governor of Reserve Bank of India (RBI), Urjit Patel, has been appointed Executive Director at the International Monetary Fund (IMF), government said in a statement on Friday.
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
Addressing the media on monetary policy, Das said the GDP growth has been projected at 7.4 per cent for 2019-20.
Congress calls the interview a "monologue" with "full of jumla"; BJP says PM Modi demolished the “motivated agenda” of Opposition parties with this comprehensive interview on the New Year Day
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
The expert committee to be set up jointly by the government and the RBI will now decide about the adequate size of the capital base.
The RBI board meeting is likely to reflect the uneasiness between the government and the central bank over a host of issues including the economic capital framework, capital adequacy, and liquidity for MSMEs.
Earlier media reports claimed that RBI Governor Urjit Patel could resign at the central bank’s next board meeting on November 19.
Patel’s meetings at the PMO came days before the RBI’s crucial board meeting on November 19 during which contentious issues are likely to come up for discussion.
Speculation has been mounting that RBI Governor Urjit Patel could quit his post. Though Patel is still in the chair, it hasn’t stopped chatter about his successor should he resign
