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Demonetisation: Manmohan Singh saves Urjit Patel from answering uncomfortable queries on Note ban

2,088 views · Published 19 January 2017 · 2:07 · Indexed 20 September 2026

Channel: Oneindia News · 2017 · News & Politics

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Amid heated politics over Note ban former PM Manmohan Singh came to the rescue of RBI governor Urjit Patel saying Patel need not respond to a query whether banking restrictions were not being lifted as this would result in a run on banks. Singh pointedly intervened during a meeting of the standing committee on finance when Congress MP Digvijaya Singh suggested that Patel was not clearly answering a question on withdrawal of restrictions as he would have to admit that removal of restraints would result in chaos. "You need not answer that question," Singh told Patel, ending the line of inquiry and MPs did not press the governor on the issue.
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