BJP Leader Takes Dig at New RBI Chief Shaktikanta Das, Questions Credentials
New Delhi, Dec 13: The term of the newly-appointed Reserve Bank of India governor Shaktikanta Das – who took over the post after Urjit Patel announced his resignation on Monday – is off to a rocky start with questions being raised about his credentials.
According to a PTI report, referring to Das’s master’s degree in history, Gujarat BJP leader and former minister in Narendra Modi’s cabinet, Jay Narayan Vyas said in a tweet on Wednesday that he hoped that the new RBI chief did not make the central bank itself history. Vyas, who was health and family welfare minister in Gujarat till 2012, has now been sidelined in the party. He lost the assembly elections in 2012 and 2017.
Since his appointment on Tuesday, Das – an IAS officer – has been the target of ridicule on social media over his educational qualifications and is being compared to his predecessors Patel and Raghuram Rajan – who hold doctorates in economics.
“To manage RBI you have to have a fair knowledge of the domestic and international economy. I respect IAS, the issue is that they’re exposed to a little of many things but the acceptance among the international community which earlier governors commanded (is not there),” Vyas was quoted by ANI as saying.
“I would wish that a person heading that bank may be a qualified economist. They are trained for general management. The management of the economy especially when it’s going through a rough weather requires altogether different kinds of talents,” he said.
Vyas continued his jibes saying that he “sympathised” with the new RBI governor because has a master’s degree in history and would have to “pull out a lot more at his age that is near retirement. He has to control and steer the RBI and answer issues like the use of RBI reserves.”
Besides a post-graduate degree in history, Das has completed an advanced financial management course from the Indian Institute of Management, Bangalore and another in development banking and institutional credit from Pune’s National Institute of Bank Management. Das retired as Economic Affairs secretary last year and was subsequently made a member of the 15th Finance Commission. Das was also India’s Sherpa at the recent G-20 meet in Argentina.
The New RBI Governor Das's educational qualification is MA (History ) . Hope and Pray he doesn't make RBI also a History .May God Bless the New Arrival !!
— Jay Narayan Vyas (@JayNarayan_Vyas) December 12, 2018
Courtesy: thewire.in
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Trump says he ‘hasn’t even thought about’ continuing Iran ceasefire
Washington: US President Donald Trump has said he has not yet considered whether he would continue the ceasefire involving Iran, while also claiming the United States holds the advantage in negotiations.
Speaking to reporters, Trump said he was prepared to make a deal with “whoever is running the show” in Iran.
“They are fighting with each other, there’s tremendous infighting. They’re probably fighting for leadership in many cases. I think they’re fighting not to be leader because we knocked out two levels of leaders,” he said.
Trump added, “When they want they can call me. We have all the cards, we’ve won everything.”
Referring to ongoing negotiations, he said, “They gave us a paper that should’ve been better. And, interestingly, immediately when I cancelled it [envoy trip to Pakistan], within 10 minutes we got a new paper that was much better.”
“We talked about they will not have a nuclear weapon, very simple … They offered a lot, but not enough,” he added.
When asked whether he would continue the ceasefire, Trump replied, “I haven’t even thought about it.”
The remarks come as uncertainty remains over the future of the temporary truce and broader negotiations between Washington and Tehran.
