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A day after RBI Governor Urjit Patel resigned, the Narendra Modi government is reportedly in a rush to name the replacement. It has been indicated the Centre is set to take a decision on the next governor's name today itself. Finance Secretary AN Jha told ANI that the Centre will take a decision today in the matter.
"Government will have to take stock of current legal position now, in appointing the new head of RBI, whether interim or a full-time Governor, will be clear today," said Jha.
The successor of Urjit Patel will be named by a high-level panel headed by the Cabinet Secretary. Once the panel finalises the name, it will be sent to the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
Patel's resignation is reportedly the outcome of tussle between the RBI and the Centre. The Modi government has been putting pressure on the RBI to ease lending curbs and capital requirements, and gain access to RBI's capital reserves.
Patel was appointed as governor in September, 2016, just two months before demonetisation was announced by PM Modi, and has resigned early, leaving his tenure incomplete.
Some prominent names that have cropped up for the posts are former economic affairs secretary Shakti Kanta Das and Senior most deputy governor N S Vishwanathan, according to Zee Business TV.
Watch This Zee Business Video
<blockquote data-lang="en"><a href="https://twitter.com/hashtag/RBIGuvQuits?src=hash&amp;ref_src=twsrc%5Etfw">#RBIGuvQuits</a> | <a href="https://twitter.com/hashtag/UrjitPatel?src=hash&amp;ref_src=twsrc%5Etfw">#UrjitPatel</a> के इस्तीफे के बाद अब क्या होगा, कौन हो सकता है RBI का नया मुखिया?
देखिए <a href="https://twitter.com/hashtag/DeshKiBaat?src=hash&amp;ref_src=twsrc%5Etfw">#DeshKiBaat</a> : <a href="https://t.co/rzmssUEc4U">https://t.co/rzmssUEc4U</a> <a href="https://twitter.com/SwatiKJain?ref_src=twsrc%5Etfw">@SwatiKJain</a> <a href="https://twitter.com/AnilSinghviZEE?ref_src=twsrc%5Etfw">@AnilSinghviZEE</a> <a href="https://twitter.com/ashwani_mahajan?ref_src=twsrc%5Etfw">@ashwani_mahajan</a> <a href="https://twitter.com/madan_ashu?ref_src=twsrc%5Etfw">@madan_ashu</a> <a href="https://twitter.com/SuneetKM?ref_src=twsrc%5Etfw">@SuneetKM</a> <a href="https://t.co/ieuQO0biSg">pic.twitter.com/ieuQO0biSg</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1072152526168965120?ref_src=twsrc%5Etfw">December 10, 2018</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>Meanwhile, in another surprising move, Eminent economist and columnist Surjit Bhalla said he has resigned as a part-time member of Economic Advisory Council to the Prime Minister on December 1. A Prime Minister's Office spokesman said that Bhalla's resignation has been accepted by the Prime Minister.

A day after RBI Governor Urjit Patel resigned, the Narendra Modi government is reportedly in a rush to name the replacement. It has been indicated the Centre is set to take a decision on the next governor's name today itself. Finance Secretary AN Jha told ANI that the Centre will take a decision today in the matter."Government will have to take stock of current legal position now, in appointing the new head of RBI, whether interim or a full-time Governor, will be clear today," said Jha.The successor of Urjit Patel will be named by a high-level panel headed by the Cabinet Secretary. Once the panel finalises the name, it will be sent to the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.Patel's resignation is reportedly the outcome of tussle between the RBI and the Centre. The Modi government has been putting pressure on the RBI to ease lending curbs and capital requirements, and gain access to RBI's capital reserves.Patel was appointed as governor in September, 2016, just two months before demonetisation was announced by PM Modi, and has resigned early, leaving his tenure incomplete.Some prominent names that have cropped up for the posts are former economic affairs secretary Shakti Kanta Das and Senior most deputy governor N S Vishwanathan, according to Zee Business TV.Watch This Zee Business Video#RBIGuvQuits | #UrjitPatel के इस्तीफे के बाद अब क्या होगा, कौन हो सकता है RBI का नया मुखिया?देखिए #DeshKiBaat : https://t.co/rzmssUEc4U @SwatiKJain @AnilSinghviZEE @ashwani_mahajan @madan_ashu @SuneetKM pic.twitter.com/ieuQO0biSg— Zee Business (@ZeeBusiness) December 10, 2018Meanwhile, in another surprising move, Eminent economist and columnist Surjit Bhalla said he has resigned as a part-time member of Economic Advisory Council to the Prime Minister on December 1. A Prime Minister's Office spokesman said that Bhalla's resignation has been accepted by the Prime Minister.

Government will have to take stock of current legal position now, in appointing the new head of RBI, whether interim or a full-time Governor, will be clear today, said Finance Secretary AN Jha.

Who will be the next RBI governor? PM Modi in rush, set to announce Urjit Patel replacement today!

news-who-will-be-the-next-rbi-governor-pm-modi-in-rush-set-to-announce-urjit-patel-replacement-today-75319

A day after RBI Governor Urjit Patel resigned, the Narendra Modi government is reportedly in a rush to name the replacement. It has been indicated the Centre is set to take a decision on the next governors name today itself. Finance Secretary AN Jha told ANI that the Centre will take a decision today in the matter. Government will have to take stock of current legal position now, in appointing the new head of RBI, whether interim or a full-time Governor, will be clear today, said Jha. The successor of Urjit Patel will be named by a high-level panel headed by the Cabinet Secretary. Once the panel finalises the name, it will be sent to the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. Patels resignation is reportedly the outcome of tussle between the RBI and the Centre. The Modi government has been putting pressure on the RBI to ease lending curbs and capital requirements, and gain access to RBIs capital reserves. Patel was appointed as governor in September, 2016, just two months before demonetisation was announced by PM Modi, and has resigned early, leaving his tenure incomplete. Some prominent names that have cropped up for the posts are former economic affairs secretary Shakti Kanta Das and Senior most deputy governor N S Vishwanathan, according to Zee Business TV. Watch This Zee Business Video #RBIGuvQuits | #UrjitPatel के इस्तीफे के बाद अब क्या होगा, कौन हो सकता है RBI का नया मुखिया? देखिए #DeshKiBaat : https://t.co/rzmssUEc4U @SwatiKJain @AnilSinghviZEE @ashwani_mahajan @madan_ashu @SuneetKM pic.twitter.com/ieuQO0biSg — Zee Business (@ZeeBusiness) December 10, 2018 Meanwhile, in another surprising move, Eminent economist and columnist Surjit Bhalla said he has resigned as a part-time member of Economic Advisory Council to the Prime Minister on December 1. A Prime Ministers Office spokesman said that Bhallas resignation has been accepted by the Prime Minister.

Who will be the next RBI governor? PM Modi in rush, set to announce Urjit Patel replacement today!

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Top News

Closing Bell: Sensex jumps 596 pts, Nifty tops 25,850 as IT, auto stocks drive rally

Asian Paints Q2 Results: Net profit rises 43% YoY; Declares 450% dividend payout - Check record date

Elitecon International plans to raise stakes in Landsmill Agro, Sunbridge Agro to 100%

India's wholesale inflation likely turned negative in October: Report

SEBI's actions mostly target stock tipsters, not long-term advisers: Report

ED conducts searches at Vikas Garg residence, offices: Sources