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Arun Jaitley defends Urjit Patel after Jairam Ramesh demands resignation of RBI governor

Finance minister Arun Jaitley has defended Reserve Bank of India Governor Urjit Patel amidst the strong criticism by congress leader Jairam Ramesh, saying it is an unfair attack.

Union finance minister Arun Jaitley has defended  Reserve Bank of India Governor Urjit Patel amidst the strong criticism by congress leader Jairam Ramesh, saying it is an unfair attack.

“An unfair attack by Jairam Ramesh on the RBI Governor. Must politicians attack those who can’t defend themselves in the same tone?” Jaitley tweeted.

Jairam Ramesh, a congress spokesperson, has alleged in his article which has written in National Herald that RBI was kept to the dark side by the government about its surprise demonetisation policy.

“Urjit Patel is either guilty of misleading the nation about RBI’s preparedness on demonetisation or has sacrificed the autonomy of RBI. Either way, he should resign,” Ramesh had said.

“RBI is the monetary authority of India and is solely responsible for making bank notes available to all residents of India. If RBI headed by Patel gave its approval to the Prime Minister’s demonetisation plan, then ostensibly RBI was confident of making currency notes available easily.”

“How can the head of RBI that is solely responsible for the current currency crisis not be seen clarifying and assuring the nation amid this grave crisis?” Ramesh questioned the RBI Governor’s “stoic silence” through the entire currency crisis. He added that the central bank is independent and autonomous and needs to clarify the current situation.

 

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