Skip to content
Search

Latest Stories

RBI Governor Wanted To Quit Months Before Resignation: PM Modi

Former head of India’s central bank, Urjit Patel had personally written to prime minister Narendra Modi about his intention to quit as Reserve Bank of India (RBI) governor before stepping down in December 2018, prime minister Modi said in an interview with ANI on Tuesday (1).

“The governor himself requested (to resign) because of personal reasons. I am revealing for the first time, he was telling me about this for the past six-seven months before his resignation. He gave it even in writing. He wrote to me personally,” Indian prime minister told ANI.


“No such question arises. I acknowledge that Patel did a good job as RBI Governor,” Indian prime minister said answering to a question.

“Mr Urjit Patel has done great work as the RBI Governor: PM,” Modi said in a series of tweets on Tuesday.

Central bank governor left his office after months-long impasse over policy issues with the Modi led government. According to the media reports, Modi challenged the functioning of the country’s central bank in the months-long deadlock.

More For You

UK First Time Buyer

Lower deposits and buyer discounts surprise many Indians

iStock

5 first-time buyer benefits in UK that surprise many Indian professionals

  • Viral post sparks fresh UK vs India housing debate.
  • Lower deposits and buyer discounts surprise many Indians.
  • Rising metro property prices are frustrating salaried families.

For years, buying a home abroad was seen by many Indians as unrealistic or far more expensive than purchasing property back home. But a viral post by a Bengaluru-based tech professional has reopened that conversation, especially around how first-time homebuyers are treated in the United Kingdom.

The discussion exploded online after the woman compared her struggle to buy a flat in Bengaluru with her experience purchasing a three-bedroom house in the UK. Her post touched a nerve among urban professionals already frustrated by soaring property prices, large down payments and expensive home loans in Indian cities.

Keep ReadingShow less