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Urjit Patel Briefs Parliamentary Panel On Notes Ban


Prime Minister Narendra Modi’s administration hasn’t assessed the outcome of one of history’s most sweeping changes in currency policy. “No Madam,” was the junior finance minister’s reply to a lawmaker’s question in parliament Dec. 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the …

Although the All India Bank Employees’ Association (AIBEA) had earlier asked RBI Governor Urjit Patel’s resignation, his calling it quits on Monday has left the banking body shocked and disturbed and it has termed it a “dangerous trend”. “The resignation of RBI Governor Urjit Patel is quite shocking and disturbing. The reasons for his resignation …

Reserve Bank of India Governor Urjit Patel stepped back on Monday. His resignation will take effect consequently, Mr. Patel said in a statement. He took charge as chief of the central bank in September 2016, replacing Raghuram Rajan, who stepped down to return to academia after a single three-year term. Mr. Patel’s stepped down from …

More Cash Seized In Polls After Notes Ban Than Before

Demonetisation was thought to be a way of decreasing the misuse of money during elections but the ground reality is different, says OP Rawat, who retired last week as Chief Election Commissioner. More cash was seized after the notes ban related to previous elections, Mr. Rawat told news agency ANI. “After demonetization, it was thought …

Urjit Patel Briefs Parliamentary Panel On Notes Ban, Reforms In RBI

RBI Governor Urjit Patel Tuesday appeared before a parliamentary panel to talk on demonetization and NPA situation in the public sector banks, among other issues, sources said. Patel was before scheduled to appear before the panel on November 12. The source said matter related to November 2016 demonetization of old Rs. 500/1000 notes, reforms in …

Robust Credit Growth In Economy, Fundamentals Strong

Citing strong fundamentals, Reserve Bank of India (RBI) Governor Urjit Patel said a group of lawmakers on Tuesday that the impact of demonetization was “transient” and the economy had registered a robust credit growth of 15 percent this fiscal. The RBI chief, seen to be at odds with the government over a range of issues …