PM Modi defends govt on criticism over demonetisation, Urjit Patel's resignation as RBI governor

Updated: January 1, 2019 19:51 pm

Prime Minister Narendra Modi on Wednesday said that the demonetisation drive announced by him on November 8, 2016 was not a shock as the government had warned people having black money a year ago. Responding to criticism over surprise resignation of Urjit Patel as RBI Governor, PM Modi said that the former requested to resign on personal reasons, adding that there was no political pressure on him.