By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NorthBridge TimesNorthBridge Times
  • Auto
    • Bikes
  • Entertainment
    • Bollywood
    • Celebrity
    • Hollywood
  • Events
  • Festival
    • Diwali
    • Holi
  • Sports
    • NBA
    • Basket Ball
    • Cricket
    • Hockey
  • Health
    • COVID-19
  • Technology
Search
© 2022 NorthBridge Times. All Rights Reserved.
Reading: Urjit Patel on Demonetisation probe: I felt like taking a College Viva Exam, Terrified & Answerless
Share
Aa
NorthBridge TimesNorthBridge Times
Aa
Search
Follow US
© 2022 NorthBridge Times. All Rights Reserved.




Home – Business

Urjit Patel on Demonetisation probe: I felt like taking a College Viva Exam, Terrified & Answerless
BusinessIndia

Urjit Patel on Demonetisation probe: I felt like taking a College Viva Exam, Terrified & Answerless

Ankita Sharma
Ankita Sharma Published January 20, 2017
Last updated: 2017/01/20 at 2:42 PM
Share
4 Min Read
SHARE

Urjit Patel on demonetisation probe: Reserve Bank of India Governor Urjit Patel recently had appeared before the Parliament’s standing committee and in the session, he was asked some crucial questions by the panel about the demonetisation policy of the government. While Urjit Patel answered to most of the questions quite gingerly, he did not answer as to how much money has been recovered by the banks since Nov 8.

Urjit Patel on Demonetisation Probe – Dr Manmohan Singh came to my rescue

Urjit Patel on Demonetisation probe: I felt like taking a College Viva Exam, Terrified & Answerless

Also Read: Here’s What Urjit Patel answered to the Parliamentary Committee’s Query regarding Note Ban

Urjit Patel on demonetisation probe

The analysts and the critics have been giving their takes on why Patel did not disclose the deposit details. “What the RBI has done is, it has collected figures from not only the commercial banks but also post offices, district cooperative banks, petrol pumps and what has happened is there is a lot of overlap…A petrol pump may have an account with SBI and when that money is deposited, it could be counted twice”, Soumya Kanti Ghosh,  Group Chief Economic Adviser, State Bank of India said.

“On the basis of the number RBI has put out, 95% currency may be back into the system. Probably, RBI could give a timeline by when they expect to finish physical reconciliation of currency. But I would assume that at least one level of counting and checking has been done by the banking system. So, it is not as if all the money that has returned has to be counted again. It’s only where there this is a need to reconcile, they should do it.”

-Chief Economist at ICICI Securities PD, A Prasanna said.

Urjit Patel commenting on his grilling experience with the panel said that he felt like he was taking a viva exam in College. He said that the panel seemed to him like a panel of professors who were continuously asking questions and he had “no answers”. He said that it was like an exam the syllabus of which was unknown to him as “Modi Ji has kept the entire syllabus to himself”. He added that Dr Manmohan Singh was there to rescue him from the difficult questions which to him was “refreshingly different”.

“At some levels, it was actually worse than a college viva. At least in college, we had a fixed syllabus to prepare from so your answer could be in the same region as the question. Here, Modi Ji has kept the entire syllabus to himself, I wasn’t even aware what is happening and I am the one who ended up in front of the standing committee. Since my name starts with U, my number used to come very late during college viva, I could ask other students about the questions being asked. No such thing here as I was the one and only person appearing before the committee…One good thing was that I had a sympathetic person in the panel, Dr Manmohan Singh who defended me in front of the standing committee. No teacher ever came to the rescue during a viva exam so that was refreshingly different.”

Contents
Urjit Patel on Demonetisation Probe – Dr Manmohan Singh came to my rescueUrjit Patel on demonetisation probe

-Urjit Patel

You Might Also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

Stock Market: Asian Markets Looking Strong

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

Diwali Sizzle: Top Best Diwali Dresses To Try Out On This Festival Of Lights

TAGGED: demonetisation policy, demonetisation probe, parliament standing committee, Urjit patel

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Ankita Sharma January 20, 2017
Share this Article
Facebook TwitterEmail Print
Share
Previous Article JKPSC KAS Admit Card 2017 Expected to be released soon for Download @ www.jkpsc.nic.in JKPSC KAS Admit Card 2017 Expected to be released soon for Download @ www.jkpsc.nic.in
Next Article Top 10 commerce colleges in India 2016 Top 10 commerce colleges in India 2016, Check the complete list
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.




Latest News

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Business Economy November 7, 2022
Stock Market: Asian Markets Looking Strong
Stock Market: Asian Markets Looking Strong
Economy Business November 7, 2022
Home Study Courses
Managing a Small Business: 5 Tips for Long Term Growth
Business May 7, 2022
Medical Supplies Can Protect You When You Work With Radiation
Which marketing techniques are likely to benefit your manufacturing business?
Business February 17, 2022

You Might also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
BusinessEconomy

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

November 7, 2022
Stock Market: Asian Markets Looking Strong
EconomyBusiness

Stock Market: Asian Markets Looking Strong

November 7, 2022
Diwali Sandesh to Soldiers
IndiaFestival

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

October 15, 2022
Diwali Crackers Harmful Effects
FestivalDiwaliIndia

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

October 14, 2022

NBT

We influence 20 million users and is the number one business and technology news network on the planet.

Quick Link

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise With Us
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    
NorthBridge TimesNorthBridge Times
Follow US

© 2015-2022 NorthBridge Times. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?