- Friday, April 26, 2024
By: Radhakrishna N S
The Indian government on Tuesday (11) named an ally of prime minister Narendra Modi as new central bank head after his predecessor quit following a row about alleged government interference. Shaktikanta Das, named in a government statement as new Reserve Bank of India governor, is a former senior finance ministry official and a key figure in Modi’s controversial “demonetisation” scheme of 2016. His predecessor Urjit Patel announced his surprise resignation late Monday (10) following months of tensions with Modi’s government over interference in policy. The government was thought to be pressuring the RBI to enact policies to help spur growth ahead of…
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