Urjit Patel gets new responsibility After resigning as RBI governor in 2018

Urjit Patel gets new responsibility After resigning as RBI governor in 2018. Former RBI Governor Urjit Patel has been appointed as the Chairman of the National Institute of Public Finance and Policy (NIPFP).

The Institute of Economic Research said Patel will take over from June 22. He will replace Vijay Kelkar. Kelkar took over as chairman of the institute on November 1, 2014.

“We are delighted that former RBI Governor Urjit Patel has been joining us as chairperson of the institute for four years since June 22, 2020. And Kelkar made a big contribution to the institute’s current level of growth and efficiency. 

Urjit Patel gets new responsibility After resigning as RBI governor in 2018Urjit Patel gets new responsibility After resigning as RBI governor in 2018

In December 2018, Urjit Patel resigned before the RBI governor’s tenure was over. He had given his resignation ahead of an important meeting of the central bank’s board. The meeting was scheduled to discuss resolving differences with the government.

Questions were also raised on the demonetisation decision!

Urjit Patel was appointed governor of the Reserve Bank. The demonetisation decision was taken within 3 months. Last year, the RTI revealed that the Reserve Bank of India had cautioned the Modi government over the demonetisation decision. In fact, the RBI did not agree with the argument that black money is transacted through cash.

The RBI believed that black money was in assets like gold and real estate rather than cash. He posted this information on the website of the Commonwealth Human Rights Initiative (CHRI).