Ur Urjit had wanted to stop for 6-7 months & # 39; | India news



NEW DELHI: The former governor of the Reserve Bank of India (RBI), Urjit Patel, resigned for personal reasons and told the prime minister that he planned to stop in the past 6-7 months, Prime Minister Narendra Modi said Tuesday.

"I reveal for the first time that he (Urjit Patel) told me this in the past 6-7 months before his resignation. He even gave it in writing. He wrote me personally", Modi told news agency ANI in an interview.

The Prime Minister also rejected the opposition lacquer that Patel had to resign due to differences with the government over a large number of issues, including the transfer of surplus reserves from the central bank.

Reading: full text of the interview with PM Modi

Patel, the 24th governor of the central bank, resigned last month and mentioned personal reasons. His resignation came against the background of a spit between the RBI and the government, including the question of the autonomy of the central bank. The government has appointed Shaktikanta Das, a former secretary for economic affairs, as the new governor.

The Prime Minister also rejected the opposition lacquer that Patel had to resign due to differences with the government over a large number of issues, including the transfer of surplus reserves from the central bank.

"There is no question, I recognize that Patel did a good job as an RBI governor," said Modi and repeated his praise for Patel. "He also said that the Congress Party had forced governors to leave before their term expired and the party had called the Planning Commission" a bunch of jokers "." Do you remember who the vice president was? "he asked.

The Prime Minister, who spoke on a number of issues related to economic policy, said that the Center wants to put construction-related materials on the 5% GST record and reiterated the view that changes to the tax system will continue because there is room for improvement.

Modi said that the government wants to use material for the construction, both for under construction and fully built houses, under 5% plate, comparable to what has been done in the case of restaurants.

"But there were reservations by some, so the GST Council could not do it, it has now gone to committee, we will try to ensure that the committee report is speeded up," said the prime minister.

"So, we have continuously tried to make GST easy and to ensure that the interests of consumers are protected." In such a short time, in such a big nation, everything that is achieved is not small … There is room for improvement We will continue to make changes, "Modi said.

The PM said that the GST was a new system and a 'big transformation'. with the help of technology.

"So some small traders have experienced inconvenience, we recognize this, but the responsibility of the government is to be sensitive to their concerns." So what comes to our attention is referred to the GST council. "We collectively decide how to simplify (GST)," he said.

Modi said that the waivers of loans by the Congress-led governments in some states are being disclosed as "political stunts." He said his government was dedicated to empowering farmers.

The Prime Minister said that the majority of farmers seek refinancing loans from lenders and that only a fraction of them have access to bank loans and that farmers who depend on money borrowers fall outside the competence of corporate loans.

"(So) when governments make such announcements (of loan waivers), those farmers (who take out loans from lenders) are not beneficiaries of the exemptions." The farmers who die are out of the reach of such schemes, "Modi said.

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