Reserve Bank of India Governor Urjit Patel has resigned from his post.
"Speculation of Patel’s exit had picked up after differences between the RBI and the government spilled out in the open. This first happened a couple of months ago when RBI Deputy Governor Viral Acharya delivered a hard hitting speech on the need to ensure the independence of the central bank. The speech was delivered with the backing of Patel, suggested the footnotes in Acharya’s speech.
The provocation of that speech, BloombergQuint reported, were letter sent by the government seeking consultations under a rare provision of the RBI Act. The provisions, laid down under Section 7 of the Act, allow the government to give directions to the central banks considered necessary in public interest in consultations with the Governor."
Wonder if this guy was a Roth Puppet. Either way its an interesting Resignation to note.
https://www.bloombergquint.com/global-economics/urjit-patel-resigns-as-rbi-governor#gs.XZNrS5M