Shaktikanta Das as RBI governor: Govt reposes faith in IAS as economists Raghuram Rajan, Urjit Patel went overboard with ‘autonomy’
The last straw for New Delhi was the claim of India’s globalised elite and western financial firms and institutions that a Rajan exit or an Urjit exit would bring the financial markets down and the rupee would come tumbling after. None of those apocalyptic scenarios materialised with both exits.
RBI vs Centre: Urjit Patel recognised what 23 governors before him did over 83 years; the Sovereign is supreme
The government treated the RBI governor and his team with dignity, making its point without hauling them over the coals despite the extremely provocative and ill-advised speech of Viral Acharya
I have a completely different take on L’affaire Rajan — or #Rexit as the media has dubbed it — the decision of the Government of India not to offer a second term to the incumbent governor of the Reserve Bank of India, Raghuram Rajan