GET Stock QuotesNews18 APP
News18 English

SPONSORS

Powered by cricketnext logo
»
1-min read

Jairam Ramesh Barb: Arun Jaitley Defends RBI Guv Urjit Patel

Finance Minister Arun Jaitley on Sunday came to the defence of RBI Governor Urjit Patel in the wake of criticism by Congress leader Jairam Ramesh, saying it is an "unfair attack" and politicians should refrain from making comments on those who cannot defend themselves.

Press Trust Of India

Updated:November 27, 2016, 3:14 PM IST
facebookTwittergoogleskypewhatsapp
Jairam Ramesh Barb: Arun Jaitley Defends RBI Guv Urjit Patel
The Reserve Bank of India (RBI) Governor Urjit Patel speaks with India's Finance Minister Arun Jaitley (Reuters)

New Delhi: Finance Minister Arun Jaitley on Sunday came to the defence of RBI Governor Urjit Patel in the wake of criticism by Congress leader Jairam Ramesh, saying it is an "unfair attack" and politicians should refrain from making comments on those who cannot defend themselves.

"An unfair attack by Jairam Ramesh on the RBI Governor. Must politicians attack those who can't defend themselves in the same tone?" he said in a tweet.

In an article written in National Herald, Congress spokesperson Ramesh alleged that RBI was kept in the dark by the government about its surprise demonetisation move.

"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."

He complained that there are not enough notes in the system and this shortage can continue for at least a few more weeks, if not months.

Questioning the RBI Governor's "stoic silence" through the entire currency crisis of the last two weeks, Ramesh said the central bank is independent and autonomous and needs to clarify on the current situation.

"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?" he questioned.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jindal Steel 287.55 +23.80 +9.02
Reliance 986.50 +15.00 +1.54
Axis Bank 618.25 +6.70 +1.10
Infosys 1,175.00 +25.00 +2.17
Biocon 647.40 +43.55 +7.21
Company Price Change %Gain
Zee Entertain 594.50 -14.65 -2.40
Bharti Airtel 492.45 +2.75 +0.56
Power Grid Corp 194.50 -0.50 -0.26
Infosys 1,174.40 +24.10 +2.10
Federal Bank 103.05 +1.50 +1.48
Top Gainers
Company Price Change %Gain
Hindalco 267.25 +12.15 +4.76
Vedanta 342.10 +15.15 +4.63
Tata Steel 777.50 +25.30 +3.36
Cipla 619.95 +18.80 +3.13
IOC 392.45 +9.95 +2.60
Company Price Change %Gain
Tata Steel 776.75 +24.65 +3.28
Infosys 1,174.40 +24.10 +2.10
Dr Reddys Labs 2,541.40 +49.90 +2.00
SBI 311.90 +5.65 +1.84
IndusInd Bank 1,709.00 +26.00 +1.54
Top Losers
Company Price Change %Gain
Zee Entertain 596.70 -12.15 -2.00
Eicher Motors 27,216.85 -432.95 -1.57
Ambuja Cements 264.30 -4.15 -1.55
Wipro 317.15 -4.40 -1.37
Bosch 19,727.70 -253.80 -1.27
Company Price Change %Gain
Asian Paints 1,161.00 -15.70 -1.33
Wipro 317.25 -3.55 -1.11
Tata Motors 418.30 -3.25 -0.77
HUL 1,352.65 -4.50 -0.33
HDFC Bank 1,955.10 -8.70 -0.44

Live TV