Remember that Patel's is not an isolated case. His predecessor Raghuram Rajan had earned the ire of the same government and left because "there was no offer on the table."
Patel is the first governor to resign before the expiry of his tenure since 1990. His original three-year term was to end in September 2019.
Reserve Bank of India Governor Urjit Patel has resigned, citing personal reasons. Follow this blog for latest updates and reactions
The timing of the resignation is crucial. It comes four days ahead of the RBI’s scheduled board meeting on December 14, slated to discuss several contentious issues
The RBI Governor's position has been held by esteemed economists over the years.
The Indian rupee is likely to face extreme volatility during the December 11 session amid crucial event of state election results, he added.
Congress spokesperson Randeep Singh Surjewala alleged that NDA government "denigrated" another institution and that his exit was the result of attempts to stifle RBI's independence.
The total bilateral trade currently stands at USD 810 million.
According to government estimates, this would cost Centre close to Rs 2,840 crore in FY20.
In Europe, Germany's DAX lost 1.0 percent to 10,684.93 and the CAC 40 in France declined 0.7 percent to 4,778.18.
In the shorter run, while crude prices might see some support, we remain bearish on the overall crude prices in the longer term
These six states and the Karnataka government had declared drought for the kharif (summer) 2018 season. Barring Odisha, the other states have submitted a memorandum seeking funds from the central government.
Addressing a group of journalists here on Sunday, he also said the International Monetary Fund does not want politicians "manipulating" central banks for political ends.
Coal imports in November increased 10.1 percent to 19.47 MT, over 17.68 MT in the same period a year ago.
While the markets regulator, the competition watchdog and the insurance regulator all have a tribunal for appeals, some, including the central bank, do not have one.
The tax receipt figures indicate net direct tax collection, which is arrived after adjusting refunds. The government has met 48 percent of the total budget estimate, for which the mop-up target is Rs 11.50 lakh crore.
The poll of 40 economists predicted retail inflation sank in November to 2.80 percent from October's 3.31 percent.
We have to turn to Subramanian’s columns to glean clues about his macro-economic thinking
Economists expect the economy, the world's third largest, to stage a rebound in the current quarter, noting the third-quarter slump was caused in part by natural disasters that disrupted supply chains and factory output.
Lighthizer also said he did not expect the arrest in Canada of a top Chinese executive, Meng Wanzhou of telecom giant Huawei, to interfere with the trade talks.
The slowdown "is going to be sharper probably in 2020 than in 2019, according to the data we are seeing," Obstfeld said.
"If you are taking out Rs 500 and Rs 1,000 notes, why would you introduce Rs 2,000 notes? " Uday Kotak asked.
Subramanian stressed that institutions that do not have technical expertise in calculating the GDP data should not be involved in the process, apparently referring to the Niti Aayog.
The institute said that it received the highest ever number of job offers during placements made in its history
GST, however, is applicable on sale of under-construction property or ready to move in flats where completion certificate is not issued at the time of sale, it said.