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HomeEconomyRBI quashes reports of deputy governor Viral Acharya's resignation

RBI quashes reports of deputy governor Viral Acharya’s resignation

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Reports of Deputy Governor Acharya also having quit are baseless and incorrect, said an RBI spokesperson.

Mumbai: The Reserve Bank of India Monday denied speculation that Deputy Governor Viral Acharya was resigning from his post.

“Reports of Deputy Governor Acharya also having quit are baseless and incorrect,” an RBI spokesperson told PTI.

Within minutes of Governor Urjit Patel announcing his decision to quit, there have been reports of Acharya also following suit.

On October 26, Acharya spoke about the need to preserve the autonomy of the RBI.

In the over 90-minute long speech, Acharya, who is incharge of the monetary policy department, warned of the wrath of the markets if the autonomy of a central bank is compromised. Acharya had explicitly said he had the backing of Governor Patel for making the speech. – PTI

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1 COMMENT

  1. Prof PK Sharma,Freelance Journalist, Barnala(Punjab)

    Is this the model of governance for which the masses had given a clear cut mandate to BJP led by NaMo
    in 2014 ?

    Is not NaMo facing one crisis after the other and things going out of bounds beyond control for him every time ?
    Which organ of the India’s Polity at present is fit, strong and sound enough to set the ball of NATION rolling ?

    How will the nation survive when every single decision is being guided by hollow political and elections
    winning designs to just cling to power ?

    The duo of NaMo and Amit Shah has started feeling pangs of power in advance virtually finding political
    ground being slipping under their feet very fastly ! Mr. Urjit Patel too has left the duo in the lurch !

    Being nervous, restless and non-plussed for their lust for power they want to retain it by hook or crook !
    Nation above everything is not their prime goal but staying in power for pretty pretty long a period is
    their only and sole motive !

    The more they seek and yearn for it greedily far away now it will turn and run from them !

    The NaMo Magic has banished in the air now and he must be ready and prepared for very odd, startling
    and awkward weather of 2019 ! The NaMo bright days of 2014 are over now as the masses of India are
    well poised and determined to write a rosy narrative for themselves by voting NaMo out of power in the
    May, 2019 Lok Sabha Polls !

    Prof PK Sharma,Freelance Journalist
    Pom Anm Nest,Barnala(Punjab)

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