'Another One Bites the Dust', Says Congress
“Governor Urjit Patel should not have resigned at a time when most of the controversial issues have been discussed and decided,” news agency Reuters quoted RBI board member Sachin Chaturvedi as saying
Reacting on the resignation, Congress leader Kapil Sibal said, “ People he (PM) appointed are resigning, first Arvind Subramanian left as CEO and now it's Urjit Patel. Economy is suffering, Modi thinks that he’s the biggest economist and he doesn’t need them, so they are resigning.”
West Bengal Chief Minister termed the development as a ‘financial and economic emergency’
Delhi Chief Minister too reacted strongly
Shiv Sena supremo Uddhav Thackeray also targeted the government saying, “भले ही उन्होंने व्यक्तिगत कारण बताकर इस्तीफा दिया हो लेकिन सरकार बार बार किसीको नियुक्त करने और हटाने का नाटक करने के बजाए एक ही बार फैसला कर पूरे रिजर्व बैंक को कब्जे में ले ले (He might have quit citing personal reasons but the government should get rid of this drama of appointing and removing someone. It should rather take control of the RBI all at once).
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)
Every Institution Needs to Have Autonomy & Integrity, Says Shaktikanta Das
The newly appointed RBI governor Shaktikanta Das addressed the media on Wednesday, 12 December.
“I will try and uphold professionalism, core values, credibility and autonomy of this institution. It’s an honour and great opportunity to serve RBI. I will try my best to work with everyone and work in the interest of Indian economy, “ he said.
Shaktikanta Das Assumes Charge as New RBI Governor
The newly appointed RBI Governor Shaktikanta assumed office today, after former governor Urjit Patel resigned in a shock move on 10 December.
Das confirmed the news on his twitter, thanking everyone for the wishes and blessings.
Sensex Jumps Over 300 Points After Appointment of New RBI Guv
Rising for the second straight session, the equity benchmark BSE Sensex on Wednesday advanced over 300 points in early trade after former bureaucrat Shaktikanta Das was named as the new governor of the RBI.
The 30-share index was trading higher by 324.94 points, or 0.92 per cent, at 35,474.95. All the sectoral indices, led by banking, auto, and consumer durables stocks were trading in the positive zone.
The NSE Nifty too rose by 98.50 points, or 0.93 percent, to 10,647.65.
Top gainers on the BSE include Yes Bank HeroMotocorp, Bharati Airtel, M&M, Tata Steel, Kotak Bank, Tata Motors and Axis Bank.
Brokers said investor sentiment got a boost after the appointment of the new RBI Governor on hopes that it will now address the liquidity issue and could help public sector banks in their recapitalisation programme, besides helping in stabilising short-term investor sentiment.
The Sensex had on Tuesday rose 190.29 points to end at 35,150.01, after falling over 500 points intra-day. And the broader NSE Nifty rose 60.70 points to end at 10,549.15.
Asian market rallied in the morning trade after the US President Donald Trump appeared hopeful of a trade deal with China. Japan's Nikkei was trading higher by 1.96 per cent and Shanghai Composite Index 0.20 percent.
Shaktikanta Das as RBI Governor is a Wrong Choice: Subramanian Swamy
BJP leader Subramanian Swamy, on Wednesday gave his opinion on the appointment of the new RBI governor Shaktikanta Das, saying that the appointment is wrong. He said that the new RBI governor has worked closely on corrupt activities with former finance minister P Chidambaram and has also tried to save Chidambaram in court cases.
Shaktikanta Das being appointed as RBI Governor is wrong, he has worked closely in corrupt activities with P Chidambaram and even tried to save him in court cases. I don’t know why this was done, I have written a letter to PM against this decision.Subramanain Swamy, BJP MP