( * 1* &" ' " ' !" ,$/,/0 +,-. 1$,23 0 */* 0/23/.43 )*3 ## )/%/* !"# $"% $$%!&#% %!% 4 # 44 678 * ./ 3 %#5 */ 9//* *#.: 3 %!'%%! . ;< <=; >/ 4 / # $% ## &' $() * !( Q R R 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 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 ful understanding of macro- Subramanian left as the Chief " # %& ! down from my current position economic issues. He steered the Economic Adviser and now it’s effective immediately,” Patel ' ( ) ' banking system from chaos to Patel. The economy is suffering said in a brief statement. ) " ' " 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- *) &'' brought financial stability,” the n’t need them, so they are R " al issues, including transfer of ' ' PM tweeted. resigning.” surplus reserves to the ) ' Finance Minister Arun Former Finance Minister P Government. The Government ) #% " Jaitley too appreciated the ser- Chidambaram said he is sad- be extradited to India to stand is being brought to the book by also wanted the RBI to provide '' vice rendered by Patel saying it dened but not surprised by the trial on the charges brought by the NDA Government. additional liquidity to credit- was a pleasure to deal with him resignation of Patel as RBI the CBI and the ED. The judge “Great Day for India. No starved MSME sector in the and he has benefitted from his Governor and claimed no self- referred the extradition case to one who cheats India will go wake of ILFS bankruptcy and &+ '' scholarship. “The Government respecting scholar or academ- Secretary of State and Mallya scot free. The judgement of UK’s align Prompt Corrective Action ' acknowledges with deep sense ic can work in the NDA will have 14-day time to appeal Court is welcome. An offender ( PCA) norms for public sec- + of appreciation the services Government. against the order. benefited during the UPA. The tor banks with global practices. ', rendered by Dr Patel to this In a series of tweets, the The order is significant in NDA brings him to book,” Though Patel has cited #% ) O country, both in his capacity as senior Congress leader said the high-profile extradition trial Jaitley said in a tweet. “personal” reasons for his res- #% "*& the Governor and the Deputy the last meeting of the RBI that has lasted over a year and The 62-year-old former ignation, his ouster was on the #% & Governor of the RBI. It was a Board held on November 19 comes close on the heels of suc- Kingfisher Airlines boss was on cards ever since the " ' & pleasure for me to deal with was the “day of reckoning” UK court on Monday cessful extradition of bail since his arrest on an extra- Government threatened to ' ' him and benefit from his schol- and Patel should have resigned Aordered the extradition of AgustaWestland accused dition warrant in April last invoke certain provision of the arship,” Jaitley tweeted. on that day. “Patel may have liquor baron Vijay Mallya, the Chritian Michel. However, there year. Mallya called the decision RBI Act to force him to con- The Opposition has thought that Government will fugitive businessman who is is little hope that Mallya could to allow his extradition to India sider its views on relaxing Acharya said Governments an eye on the next year’s poll, slammed the Government over re-trace its steps. I knew it wanted in India for fraud and be brought back to India short- “unfortunate”. lending norms for segments that “don’t respect the RBI’s the Government would like to Patel’s resignation. Emerging would not. Good he quit before money laundering involving ly. His lawyers are set to chal- Earlier, Mallya sought to such as small and medium independence will sooner or corner a portion of the RBI from the Opposition parties’ another humiliating meeting. an estimated 9,000 crore of a lenge the order in the high court disprove the narrative before the enterprises, appropriate size of later incur the wrath of finan- reserve to launch series of pop- meeting, Congress president Saddened, not surprised, by consortium led by the SBI and and that entire process could go reporters outside the case that reserves the Central bank must cial markets, ignite economic ulist measures. The need for Rahul Gandhi said, “RBI Patel’s resignation. No self- another set of loans by the IDBI. on for months. Hailing the UK he has “stolen” the money and maintain and easing norms fire, and come to rue the day liquidity for the MSME sector Governor is resigning because respecting scholar or academ- Westminster Magistrates’ court, Finance Minister Arun said his offer to repay the prin- for weak banks. they undermined an important and NBFC are also uppermost he’s protecting the institution of ic can work in this Court Chief Magistrate Emma Jaitley said the offender who cipal amount to the Indian On October 27, RBI regulatory institution”. on the agenda of the RBI. Taking away reserves from Government,” he said. Arbuthnot ruled that Mallya can benefited during the UPA rule banks was “not bogus”. Deputy Governor Viral It is understood that with Government to prevent slide in RBI to save your skin is an act #$ !"#$% & R 0 / Minister Narendra Modi for using “indecent” language in the Parliament. ack home for the re-launch of the “It must be for the first time in the ./ )/# BCongress party’s newspaper recallable history of about 71 years that ‘Navjivan’, the Sikh face of Indian pol- the words of any Prime Minister were ongress national president Rahul Gandhi itics and the two-time former Prime expunged by the Speaker in the Upper Cand former Prime Minister Dr Manmohan Minister Manmohan Singh was show- House which comprise of intellectuals,” Singh on Monday called on Punjab Chief ered with praises on Monday. he said. Minister Capt Amarinder Singh to enquire The party projected ‘Punjab’s own Before Jakhar, the anchor for the about his health, after he failed to attend an son’ as a much mature Prime Minister event, Satinder Satti, had described Dr event at Mohali. as compared to the present incumbent Manmohan Singh as “Fakr-e-Qaum” “I regret not being able to attend the func- Narendra Modi, while describing him while introducing him. tion, as I've been advised bed rest by the doc- as the “pride of the world”. tors,” tweeted Capt Amarinder. Congress national president Rahul After suffering from viral fever past week, Gandhi and Punjab Congress chief the Chief Minister had been advised rest at Sunil Jakhar virtually outsmarted each home for 48 hours by the doctors at the Post- other to heap praises on Dr Graduate Institute of Medical Education and Manmohan Singh. Research (PGIMER). Rahul Gandhi said that the former Rahul and Manmohan Singh, who were in Prime Minister is actually the “Fakr- n over-excited, over-enthusias- Mohali, adjoining Chandigarh, for the re- e-Sansar” for the way he worked with Atic Congress party worker was launch of Hindi newspaper 'Navjivan', left for all humility, respect and love during his a delight for the audience during the New Delhi after meeting Capt Amarinder. 10-year-long tenure. event. Mohali Mahila Congress Capt Amarinder, 76, underwent some rou- “He, with all humility, respect, worker was shouting her heart out tine medical tests at PGIMER on Sunday as a love, run the country. Even on the to attract young Gandhi scion’s follow-up on the viral illness he suffered last international stage, he showed the attention, but all in vain. But she week. Doctors at the institute said that all the world leaders the way to work, for managed to gather the attention of tests were clean and the Chief Minister was which he was being praised world the entire media persons present found to be suffering from slight weakness as over,” said Rahul. with her slogans of Rahul Bhaiya a result of the earlier bout of viral fever. Earlier, Jakhar had bestowed the aage bhadho, hum tumhaare saath Due to Capt Amarinder’s ill-health and title of “Fakr-e-Hind” to Dr hai! But the attention-grabbing was also considering Cabinet Minister Navjot Manmohan for taking the country for- “Rahul Bhaiya idhar dekho”, leaving Singh Sidhu’s throat problem, the Monday’s ward during his tenure as the Prime all the media persons in splits, and Cabinet meeting has been rescheduled for Minister.