Govt lauds Patel's service; Congress slams Modi govt

Govt lauds Patel's service; Congress slams Modi govt

The Reserve Bank of India (RBI) Governor Urjit Patel arrives to attend a news conference after a monetary policy review in Mumbai, India, December 5, 2018. REUTERS/Francis Mascarenhas

Finance Minister Arun Jaitley on Monday appreciated the service rendered by RBI Governor Urjit Patel saying it was a pleasure to deal with him and has benefitted from his scholarship.

Patel on Monday resigned as RBI Governor, nearly 9 months ahead of his three-year tenure was to come to an end.

"The Government acknowledges with deep sense of appreciation the services rendered by Dr Urjit Patel to this country both in his capacity as the Governor and the Deputy Governor of the RBI. It was a pleasure for me to deal with him and benefit from his scholarship," Jaitley tweeted.

"I wish Dr Patel all the very best and many more years of public service," he said. 

Prime Minister Narendra Modi said, "Under Urjit Patel's leadership, the RBI brought financial stability."

He added, "Urjit Patel is a thorough professional with impeccable integrity."

READ: Here is Urjit Patel's full statement

Noted economist and RBI board member S Gurumurthy tweeted, "Surprised at the news that RBI governor has resigned. The previous meeting was held in such a cordial atmosphere that it comes as a shock. All directors said media had created a wrong perception while inside it was totally different. That makes it even more surprising."

The Congress slammed the Modi government, calling it an assault on the democratic institution. "Another one bites the dust. This is the result of our 'chowkidar's' assault on democratic institutions." Congress tweeted

Former finance minister P Chidambaram tweeted, "Dr Patel may have thought that government will re-trace its steps. I knew it would not. Good he quit before another humiliating meeting."

BJP leader Subramanian Swamy said his resignation will be bad for our economy. He tweeted saying that he should at  least stay till July, until the next government comes to power. He said Prime Minister Narendra Modi should call him and find out the reason and dissuade him from leaving in the larger public interest.

READ: Rajan calls for detailed look on Patel’s resignation