TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    Kejriwal’s Delhi Debacle: From Dominance to Defeat

    Arvind Kejriwal Eyes Rajya Sabha Entry After AAP’s Ludhiana By-poll Win

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    Get Insurance: Secure your Tomorrow with Confidence

    Get Insurance: Secure your Tomorrow with Confidence

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    reliance infrastructure in strategic partnership

    Reliance Infrastructure and Dassault Aviation Expand Falcon Jet Manufacturing to India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    PM Modi's visit may propel for India-Canada FTA

    Indian and Canada Keen to Get Over the Khalistan Issue and Reinvigorate Bilateral Ties

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Lenacapavir becomes first FDA-approved HIV preventive drug

    FDA Approves First Twice-Yearly HIV Prevention Shot: Lenacapavir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    Kejriwal’s Delhi Debacle: From Dominance to Defeat

    Arvind Kejriwal Eyes Rajya Sabha Entry After AAP’s Ludhiana By-poll Win

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    US-Iran Tensions Shake Global Markets

    US-Iran Tensions Shake Global Markets; Oil Prices Surge and Safe-Haven Assets Rise

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    What Is a Demat Account? Use It With an Online SIP Calculator to Maximize Returns

    India Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    India’s Education Sector Makes Global Strides in QS Rankings 2026 with Record 54 Institutions

    Get Insurance: Secure your Tomorrow with Confidence

    Get Insurance: Secure your Tomorrow with Confidence

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ICRA’s analysis highlights that defence companies are benefitting from strong execution progress

    India’s Defense Sector Set for 15–17% Growth in FY26: ICRA Report

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    India’s Hypersonic Glide Missile Nears Completion, Says DRDO Chief

    British F-35 Fighter Jet Stranded: Technical Glitch Grounds Stealth Aircraft

    British F-35 Fighter Jet Stranded in India for 4 Days: Technical Glitch Grounds Stealth Aircraft

    reliance infrastructure in strategic partnership

    Reliance Infrastructure and Dassault Aviation Expand Falcon Jet Manufacturing to India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    FATF’s Rare Public Censure of Pahalgam Attack Strengthens India’s Case Against Pakistan

    FATF Flags India’s 2020 Seizure of Missile-Bound Tech Headed for Pakistan

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    SCO Summit: Ajit Doval to Corner Pakistan, Gauge China’s Stance

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    Trump Enters Iran-Israel War Without an Exit Plan: Escalation Risks Global Fallout

    PM Modi's visit may propel for India-Canada FTA

    Indian and Canada Keen to Get Over the Khalistan Issue and Reinvigorate Bilateral Ties

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    death anniversary of shyama prasad mukherjee

    From Sacrifice to Sovereignty: How Modi’s India Is Realizing Shyama Prasad Mukherjee’s Vision

    Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Karnataka’s Rohith Vemula Bill Sparks Outrage Over Flawed Premise and Vote-Bank Politics

    Kamakhya Devi Temple- Ambubachi Mela

    Where the Goddess Bleeds: Inside the Sacred Mysteries of Kamakhya Temple

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    mistakes to avoid during yoga

    6 Common Yoga Mistakes to Avoid for a Better Practice

    Yoga as India's soft power

    As the World Bends, India Leads: Yoga Day and the Quiet Strength of Soft Power

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Troubleshooting LED Power Supply Issues: A Step-by-Step Guide

    Lenacapavir becomes first FDA-approved HIV preventive drug

    FDA Approves First Twice-Yearly HIV Prevention Shot: Lenacapavir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Unlike his predecessor, Urjit Patel shows his competency through work and not words

Amit Agrahari by Amit Agrahari
3 September 2018
in Opinions
raghuram rajan, urjit patel ,rbi

PC: indiatvnews.com

Share on FacebookShare on X

As Urjit Patel, governor of Reserve Bank of India (RBI) completes two years in office today, comparison with previous governor Raghuram Rajan will be certainly made in media. It is natural thing for media, two public officials could not escape from a comparison, and it happens in every country, India is not a unique case. Rajan was governor for three years and was very vocal about general issues pertaining in the country at that time. Contrary to previous governors of RBI who refrained from commenting on issues which fall outside their professional role, Raghuram Rajan presented his opinion on almost every major issue. Urjit Patel is back with the tradition of keeping a low profile in media.

It is important for government officials to not speak on public issues like an academician or public intellectual does because irrespective of his/her intentions, comments on issues could be related to his professional work and could impact the markets. This is the reason that government does not allow public officials to comment on public issues. The comments by RBI governor on public issues could impact stock markets and overall perception about economic prospects of the country. Some sections of media criticized Urjit Patel for being incompetent in comparison to ‘the rockstar governor’ Raguram Rajan because he neither resisted to demonetization nor he comments on public issues. Opposition has also accused Urjit Patel for compromising with autonomy of RBI and doing everything what government wants him to do.

RelatedPosts

Crisil Forecasts Another Rate Cut in FY26, Pegs India’s GDP Growth at 6.5%

RBI Slashes Repo Rate by 50 Basis Points to Boost Growth; Middle Class May Receive Loan Relief

RBI Slashes Repo Rate to 6% — How It Will Impact Your EMIs, Loans: All you Need to Know

Load More

The accusation by sections of media which loves ‘the rockstar governor’ because he gives headlines to them is not backed by facts. On the demonetization move, Section 26(2) of the Reserve Bank of India Act makes it very clear that withdrawal of legal tender is completely the area of government. RBI could make suggestions but the government is free to accept or refuse them. So, government could have gone with demonetization whether RBI agrees to it or not. The debate on demonetization could go on for whatever time period but accusing Urjit Patel for that is ignorance of facts.  On the competency front, Patel got his Bachelors degree in Economics from London School of Economics, M Phil in Economics from Oxford University, and doctorate from Yale University. As a professional, he has had exposure to the International Monetary Fund, department of economic affairs in the ministry of finance, the Boston Consulting Group and even a short stint at RBI. On the other hand, Raghuram Rajan got his graduation degree in Engineering, masters in business administration and then moved to core economics for doctorate from Massachusetts Institute of Economics. So, in terms of academic achievement or professional experience, Patel is as competent as Rajan, if not more so.

In decision making at RBI and maintaining the autonomy of RBI, Urjit Patel has done excellent an job. He played instrumental role in shifting interest rate decisions to monetary policy committee (MPC) to democratize it. He headed the committee which decided that India should adopt inflation targeting as their framework for monetary policy. He continued the war on inflation started by Raghuram Rajan and has been able keep it within RBI target (4% +/- 2%). He did not succumb to constant pressure from finance ministry to keep interest rates low for healthy growth. Former chief economic adviser Arvind Subramanian even criticized RBI for keeping interest rates too high to combat inflation. Urjit Patel criticized farm loan waivers in almost every press conference of RBI and called them serious moral hazard and ‘inflationary’.

So, the media criticism of Urjit Patel because he keeps low profile and does not give front page headlines every weeks in complete ignorance of facts. The media is trying to show that every institution is being compromised under Modi government. The real target for them is government rather than RBI or Urjit Patel.

Tags: Raghuram RajanRBIUrjit Patel
Share798TweetSend
Previous Post

Piyush Mishra slams Anurag Kashyap for his ‘propaganda’

Next Post

Kanhaiya Kumar to contest 2019 Lok Sabha polls from Bihar’s Begusarai

Related Posts

way ahead of G7 summit
Opinions

When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

17 June 2025

In the crisp alpine air of Kananaskis, nestled amidst the brooding Rockies of Alberta, world leaders gathered to forge...

The Tale of how Operation Sindoor Silenced Satyapal Malik and His Echo Chamber
Opinions

Operation Sindoor Success: Satyapal Malik and ilks disappears into abyss of silence

8 May 2025

On May 6, former Jammu and Kashmir Governor Satyapal Malik appeared in a much-publicised interview with controversial journalist Karan...

Operation Sindoor
Defense

Why Operation Sindoor? Because No One Touches the Sindoor of an Indian Woman Without Consequence

7 May 2025

In a rapid and decisive response to the Pahalgam Islamist attack that claimed the lives of 26 innocent tourists...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Amarnath yatra 2025 explained: history, logistics and security

Amarnath yatra 2025 explained: history, logistics and security

00:06:47

when the God leaves the temple to be with his devotees.

00:05:31

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

00:11:04

kamakhya Devi and the Power of Menstruation: Ambubachi Mela Explained.

00:04:47

From love to murder- how five plots took down raja raghuvanshi

00:04:38
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited