Growth is a matter of highest priority and every policymaker is concerned with it, Das said. “I am not saying we maintain a Panglossian (excessive optimism) countenance and smile away every difficulty.
As per the minutes of the June 3-6 Monetary Policy Committee, Das said that since the last meeting of the rate-setting panel in April 2019, greater clarity has emerged about the evolving macroeconomic situation. The minutes of the meeting were released by RBI on Thursday.
"The new governor of (RBI) is highly corrupt. I got him removed from the (Finance Ministry). I am calling Shaktikanta Das as a corrupt person. I am surprised that the man I got removed from the Finance Ministry for corruption was brought in as governor," Subramanian Swamy said.
Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics, and is an IAS officer (bureaucrat) with specialisation in history.
In his last appearance before the panel, RBI Governor Urjit Patel was also questioned on loan restructuring programmes, which lead to ever greening of loans, and resolution of defaults under the IBC, sources had said.
During the course of the meeting, one Congress member even asked whether Reserve Bank of India would be able to provide details of amount of cash deposited post-demonetisation by May 2019--the time when the NDA government completes its five-year term