A relative sent me this :
Excellent info on RBI Governors from Pramod Kumar Singh - Editor - The Pioneer
Dr YV Reddy had resigned during UPA-1(Sep 05, 2008).
Remember how A Ghose resigned within 20 days after his appointment (Feb 4, 85) after differences with Rajiv Gandhi Government.
M Narasimham (May 02, 1977 Nov 30, 77) had resigned after being for just 6 months in office as RBI Gov. Before Narsimhan, NC Sen Gupta (May 19,75 to Aug 19,75) tendered his resignation as RBI Gov after 3 months.
Even venerable Dr Man Mohan Singh didn't complete his 3 yr term as the then Prime Minister Rajiv Gandhi had removed him on January 14, 1985. Amitav Ghosh took his place only up to within 20 days before RN Malhotra took over.
Dr Manmohan Singh as the then Finance Minister in Narasimha Rao Govt had removed S Venkitaramnan as RBI Governor. Venkitaramnan an ex IAS had to go in 1 yr only as MMS wanted C Rangarajan as RBIGovernor
So the keyboard & whatsaoo economists and experts, don't talk without data & research.
🤔 So much happened over the years! But, why Modi and his government are criticized now, as if the Institution (s) are loosing their "autonomy" now only!🙏🙏
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I wrote him back :
Please be aware that almost everything you send on the subject of India’s development and politics is a mish-mash of lies and half-truths. I know you may simply be forwarding what the BJP lie factory sends you. Are you really convinced India can be developed on lies, lies and more lies ?
1. Pramod Kumar Singh is not the Editor of Pioneer. He is a City Edior – a very different job.
2. There is no article that I can find on Pioneer pertaining to the information you sent. This information is on Pramod Kumar’s Twitter feed.
3. Pramod starts his twitter thread thus : ‘A crash course for journalists calling #UrjitPatel 's resignation as 1st ever by an RBI Gov.’ So he is saying here that this is not the first such resignation and that such a thing routinely happens !
4. He writes Dr YV Reddy had resigned during UPA-1(Sep 05, 2008). Ofcourse not : Dr. Reddy completed a 5-year term as RBI governor.
5. All the other people mentioned in Pramod's twitter thread as quitting their role as RBI governor (true or not, I havent checked) are more than 33 years ago ! Rajan was the first Governor pressurized to quit since India liberalized her economy and Patel the second.
6. As an aside, Pramod Kumar also says Venkitamanan had to go as RBI governor in 1 year. Incorrect – his tenure lasted two years and in the pre-liberalization era. And you respect this ‘journalist’ enough to forward his nonsense dribble ?
Excellent info on RBI Governors from Pramod Kumar Singh - Editor - The Pioneer
Dr YV Reddy had resigned during UPA-1(Sep 05, 2008).
Remember how A Ghose resigned within 20 days after his appointment (Feb 4, 85) after differences with Rajiv Gandhi Government.
M Narasimham (May 02, 1977 Nov 30, 77) had resigned after being for just 6 months in office as RBI Gov. Before Narsimhan, NC Sen Gupta (May 19,75 to Aug 19,75) tendered his resignation as RBI Gov after 3 months.
Even venerable Dr Man Mohan Singh didn't complete his 3 yr term as the then Prime Minister Rajiv Gandhi had removed him on January 14, 1985. Amitav Ghosh took his place only up to within 20 days before RN Malhotra took over.
Dr Manmohan Singh as the then Finance Minister in Narasimha Rao Govt had removed S Venkitaramnan as RBI Governor. Venkitaramnan an ex IAS had to go in 1 yr only as MMS wanted C Rangarajan as RBIGovernor
So the keyboard & whatsaoo economists and experts, don't talk without data & research.
🤔 So much happened over the years! But, why Modi and his government are criticized now, as if the Institution (s) are loosing their "autonomy" now only!🙏🙏
+++++++++++++++++++++
I wrote him back :
Please be aware that almost everything you send on the subject of India’s development and politics is a mish-mash of lies and half-truths. I know you may simply be forwarding what the BJP lie factory sends you. Are you really convinced India can be developed on lies, lies and more lies ?
1. Pramod Kumar Singh is not the Editor of Pioneer. He is a City Edior – a very different job.
2. There is no article that I can find on Pioneer pertaining to the information you sent. This information is on Pramod Kumar’s Twitter feed.
3. Pramod starts his twitter thread thus : ‘A crash course for journalists calling #UrjitPatel 's resignation as 1st ever by an RBI Gov.’ So he is saying here that this is not the first such resignation and that such a thing routinely happens !
4. He writes Dr YV Reddy had resigned during UPA-1(Sep 05, 2008). Ofcourse not : Dr. Reddy completed a 5-year term as RBI governor.
5. All the other people mentioned in Pramod's twitter thread as quitting their role as RBI governor (true or not, I havent checked) are more than 33 years ago ! Rajan was the first Governor pressurized to quit since India liberalized her economy and Patel the second.
6. As an aside, Pramod Kumar also says Venkitamanan had to go as RBI governor in 1 year. Incorrect – his tenure lasted two years and in the pre-liberalization era. And you respect this ‘journalist’ enough to forward his nonsense dribble ?
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