Why did Urjit Patel resign?

The resignation came just days ahead of the 14 December meeting of the board of RBI that was to take up issues like governance in the central bank. Patel, who is the first Governor to resign since 1990s, cited personal reasons for the resignation. Continue Reading

Nov 19 to be end of the line for Urjit Patel?

The present scenario between the government and the reserve bank of India can best be termed stiff and reports are doing rounds stating that RBI Governor Urjit Patel may quit at the next board meeting of the apex bank to be held on 19 November. Continue Reading

Centre hell-bent on destroying autonomous institutions: Owaisi

With the Union government invoking for the first time a clause of the RBI Act, AIMIM president and Hyderabad MP Asaduddin Owaisi Wednesday alleged that the BJP-led NDA government was “hell-bent on destroying” all autonomous institutions in the country. Continue Reading