* + !"#$% RNI Regn. No. CHHENG/2012/42718, Postal Reg. No. - RYP DN/34/2013-2015 *+$#*, - ,-$. -)#-#/ 0-#123 .<=.,2#=9:=5828 123:.:5 #2#2>=.33#%&'+5:# +53:,.33=2*82>:12.3 #582##62?@ =5335/92>:+533#82#63:# , 45 %**! AAA B. # 2 . ! . ) / . 01-2 % 0 3 ' ( )*+ ,-. / 00/ ! "$% !& Q R R 2/123 the stock market and give a against this nation. I am very push to the lending scenario. proud that people from all he continuing standoff Soon after Patel quit as RBI walks of life and institutions are Tbetween the Government Governor, Prime Minister standing up to it.” and the RBI finally claimed the Narendra Modi on Monday West Bengal Chief Minister chair of Governor Urjit Patel, lauded his contribution saying Mamata Banerjee said, “From who resigned on Monday cit- he steered the banking system CBI to RBI, institutions have ing “personal” reasons, some- “from chaos to order” and become total disasters; it is mat- thing not many people are ensured discipline. He said ter of great shock. BJP is ready to digest. Patel is a thorough profession- behaving like dictators, there Patel, 55, who took over as al with “impeccable integrity”. should be a campaign against the 24th Governor of the The PM said Patel leaves this rule.” Central bank on September 5, behind a great legacy and will Senior Congress leader 0 1 " 2 ! 2016, had the shortest tenure at be missed immensely. “Dr Patel Kapil Sibal said, “People he the RBI since 1992. is an economist of a very high (PM Modi) appointed are “On account of personal calibre with a deep and insight- resigning, first Arvind reasons, I have decided to step 1 6 7 + ful understanding of macro- Subramanian left as the Chief ! ! 8 * " $" " down from my current position economic issues. He steered the Economic Adviser and now it’s effective immediately,” Patel ! 19 banking system from chaos to Patel. The economy is suffering said in a brief statement. 9 ! / order and ensured discipline. and Modi thinks that he’s the The Government and the Under his leadership, the RBI biggest economist and he does- RBI stood divided over sever- :9 " brought financial stability,” the n’t need them, so they are R % " al issues, including transfer of !1 + PM tweeted. resigning.” surplus reserves to the ! 9 Finance Minister Arun Former Finance Minister Government. The Government 19 8* Jaitley too appreciated the ser- P Chidambaram said he is can be extradited to India to ed during the UPA rule is also wanted the RBI to provide ! vice rendered by Patel saying it saddened but not surprised by stand trial on the charges being brought to the book by additional liquidity to credit- was a pleasure to deal with him the resignation of Patel as brought by the CBI and the ED. the NDA Government. starved MSME sector in the and he has benefitted from his RBI Governor and claimed no The judge referred the extra- “Great Day for India. No wake of ILFS bankruptcy and " ! scholarship. “The Government self- respecting scholar or dition case to Secretary of State one who cheats India will go align Prompt Corrective Action !! acknowledges with deep sense academic can work in the and Mallya will have 14-day scot free. The judgement of ( PCA) norms for public sec- ! of appreciation the services NDA Government. time to appeal against the UK’s Court is welcome. An tor banks with global practices. rendered by Dr Patel to this In a series of tweets, the order. offender benefited during the Though Patel has cited 8*9 ! O country, both in his capacity as senior Congress leader said The order is significant in UPA. The NDA brings him to “personal” reasons for his res- 8*: " the Governor and the Deputy the last meeting of the RBI (% the high-profile extradition book,” Jaitley said in a tweet. ignation, his ouster was on the 8* " Governor of the RBI. It was a Board held on November 19 2/123443515 trial that has lasted over a year The 62-year-old former cards ever since the " pleasure for me to deal with was the “day of reckoning” and comes close on the heels Kingfisher Airlines boss was Government threatened to him and benefit from his schol- and Patel should have UK court on Monday of successful extradition of on bail since his arrest on an invoke certain provision of the arship,” Jaitley tweeted. resigned on that day. “Patel Aordered the extradition of AgustaWestland accused extradition warrant in April RBI Act to force him to con- The Opposition has may have thought that liquor baron Vijay Mallya, the Chritian Michel. However, last year. Mallya called the sider its views on relaxing Acharya said Governments an eye on the next year’s poll, slammed the Government over Government will re-trace its fugitive businessman who is there is little hope that Mallya decision to allow his extradi- lending norms for segments that “don’t respect the RBI’s the Government would like to Patel’s resignation. Emerging steps. I knew it would not. wanted in India for fraud and could be brought back to India tion to India “unfortunate”. such as small and medium independence will sooner or corner a portion of the RBI from the Opposition parties’ Good he quit before another money laundering involving shortly. His lawyers are set to Earlier, Mallya sought to enterprises, appropriate size of later incur the wrath of finan- reserve to launch series of pop- meeting, Congress president humiliating meeting. an estimated 9,000 crore of a challenge the order in the high disprove the narrative before reserves the Central bank must cial markets, ignite economic ulist measures. The need for Rahul Gandhi said, “RBI Saddened, not surprised, by consortium led by the SBI and court and that entire process the reporters outside the case maintain and easing norms fire, and come to rue the day liquidity for the MSME sector Governor is resigning because Patel’s resignation. No self- another set of loans by the IDBI. could go on for months. that he has “stolen” the money for weak banks. they undermined an important and NBFC are also uppermost he’s protecting the institution of respecting scholar or acade- Westminster Magistrates’ Hailing the UK court, and said his offer to repay the On October 27, RBI regulatory institution”. on the agenda of the RBI. Taking away reserves from mic can work in this Court Chief Magistrate Emma Finance Minister Arun Jaitley principal amount to the Indian Deputy Governor Viral It is understood that with Government to prevent slide in RBI to save your skin is an act Government,” he said. Arbuthnot ruled that Mallya said the offender who benefit- banks was “not bogus”. +- ( " *#P " ! ! ()&() R ! ! && 2/123 #$%& 2/123 n a shocking incident of 2/123 Iroad rage, a 21-year-old biker op leaders of Opposition was shot dead by two men fol- fter sulking for the past few Tparties on Monday decid- lowing an altercation after his Amonths, Rashtriya Lok ed to come together to prevent motorcycle grazed their car in Samta Party (RLSP) president the BJP from coming back to Acharya Niketan near Mayur Upendra Kushwaha on power in the next year’s Lok Vihar Phase-1 in East Delhi in Monday resigned from the Sabhs polls. the wee hours of Monday. He Union Council of Ministers In a meeting of Opposition was shot five times. Police are accusing Prime Minister parties attended by leaders and scanning the CCTV footage of Narendra Modi of reducing representatives of 21 political the nearby areas to identify the Cabinet to a “rubber stamp”, parties, including Congress killers who are at large. “betraying” backward classes, president Rahul Gandhi, The deceased has been and giving Bihar only “jumlas”. Andhra Pradesh Chief Minister identified as Yogesh Making the announcement Chandrababu Naidu, former Chaudhary, a resident of Chilla a day ahead of Parliament’s Union Ministers Sharad Pawar, village near Mayur Vihar Winter Session and counting of Sharad Yadav, West Bengal Phase-1. According to police, the votes in five State Assembly Chief Minister Mamata the accused drove away in polls, the RLSP leader from Banerjee and her Delhi coun- their i-20 car after the crime. Bihar said he is open to joining terpart Arvind Kejriwal it was !" " # $ ' “The incident took place 4/ 5 $ the Opposition alliance. He resolved to take every possible ' ( " ( outside a 24×7 store. A passer- claimed the BJP-led NDA will steps to defeat the BJP and pro- *# +,-. !" / by informed the PCR about a borne men arrived there. a point-blank range at Yogesh,” not be able to win a single seat tect the important institutions man lying in a pool of blood. Yogesh’s bike grazed the car. said the senior police official. in the State. in the country. He was taken to a nearby hos- This led to an altercation. In the “A case of murder has been Kushwaha had been target- However, two major polit- there was consensus that all sensus among Opposition par- becomes an abettor to the pital by a PCR van where he meantime, Yogesh went inside registered at the Pandav Nagar ing the BJP and Bihar Chief ical parties of Uttar Pradesh parties will work together to ties to work together to defeat escape of bank defaulters. was declared brought dead,” the shop with his friends. The police station. A police team is Minister Nitish Kumar for arch rivals Samajwadi Party defeat BJP/RSS, Mamata said the BJP and protect India’s “India needs a Government said a police official. two car-borne men followed scanning CCTV cameras weeks.