INSUBCONTINENT EXCLUSIVE:
appointing Shaktikanta Das as RBI Governor, the Congress today alleged that he would play to the tunes of the government and that choosing a
bureaucrat who defended demonetisation, instead of an eminent economist, will diminish the institution.Former Finance Minister P Chidambaram
said Mr Das was the second person to be appointed at a key post for defending the 2016 demonetisation move and it showed the government's
insensitivity towards common people
The Congress leader was apparently referring to the recent appointment of Krishnamurthy Subramanian as the Chief Economic Adviser (CEA) as
What does it say about the Modi government Is government telling the people of the country 'we don't care what you think, we will do exactly
as we please'" Mr Chidambaram said in a tweet.The government yesterday appointed Mr Das, who as Economic Affairs Secretary steered the
monetary situation post-demonetisation, as the new Reserve Bank of India (RBI) Governor, a day after Urjit Patel resigned amidst a tiff with
as a step that would curb black money.Earlier, the government had appointed Krishnamurthy Subramanian, a strong supporter of demonetisation
government on Mr Das's appointment saying the new incumbent would play to the tunes of the government."Shaktikantadas our new RBI Governor A
bureaucrat not an economist Defended demonetisation
The Pied Piper will play the tune and the RBI will follow
Inevitable outcome will be that RBI's reserves will be used for government doles
Yet another institution will diminish," he said in a tweet.Mr Das's appointment came at a time when the government and the RBI are engaged
in a tussle over several issues including transfer of the central bank's reserves, over which Urjit Patel had reservations after the
government hinted at forcing him using provisions of the RBI Act.
