RBI Governor Urjit Patel’s resignation ‘severe blow’ to nation’s economy, says former PM Manmohan Singh

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New Delhi | Published: December 10, 2018 10:37:42 PM

Singh said it will be "foolhardy" to diminish institutions for short-term political gains.

 

Singh said it will be “foolhardy” to diminish institutions for short-term political gains.

Former prime minister Manmohan Singh Monday termed RBI Governor Urjit Patel’s resignation as “very unfortunate” and said it was a “severe blow” to the country’s economy. In a statement, he said he hoped that the RBI Governor’s sudden resignation is not a harbinger of Modi government’s attempts to “destroy” the institutional foundations of India’s USD 3 trillion economy. Singh said it will be “foolhardy” to diminish institutions for short-term political gains.

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