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Governor of RBI, Urjit Patel resigns from his post for personal reason

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Urjit Patel, Reserve Bank of India, RBI, RBI Governor, RBI Governor Urjit Patel, Apex Bank, Business news

New Delhi: The Reserve Bank of India (RBI) Governor Urjit Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post.

 

Urjit Patel, Reserve Bank of India, RBI, RBI Governor, RBI Governor Urjit Patel, Apex Bank, Business news

 

Reserve Bank of India (RBI) Governor Urjit Patel on Monday resigned from his post with immediate effect, citing “personal reasons”.

In a brief statement, Patel said he has decided to step down with immediate effect.

 

RBI Governor Urjit Patel steps down from post with immediate effect:

 

“On account of personal reasons, I have decided to step down from my current position effective immediately,” he said in a brief statement released by the RBI.

 

Urjit Patel, Reserve Bank of India, RBI, RBI Governor, RBI Governor Urjit Patel, Apex Bank, Business news

 

He, however, did not specify the reason for the decision.

Patel was appointed the 24th Governor of the RBI on September, 2016 for a three-year term.

 

Automobile

Car manufacturer Maruti Suzuki is giving heavy discounts on its automobiles: See here

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Maruti Suzuki is India’s largest carmaker. The brand sells the highest number of cars in the Indian market. Adding to the same point is the fact that the top five best selling cars last month were Maruti Suzuki vehicles. This though is no fail proof plan that each month the cars will continue selling no matter what. To this very effect, Maruti Suzuki dealerships are offering discounts on their cars. Each and every model in the Maruti Suzuki Arena dealership gets a discount. For example, the least priced offering from the manufacturer, the Maruti Suzuki Alto gets a cash discount of Rs 15,000 whereas if one were to exchange their old car then an additional Rs 15,000 off will be provided. On the Celerio X, a few dealers are willing to give up to Rs 10,000 cash discount whereas on the Celerio, the offer is for Rs 15,000. However the Rs 15,000 is only available as exchange bonus.

Also Read Maruti Suzuki S-Presso review

On the Maruti Suzuki S-Presso, the cash discount is for Rs 12,000 and on the WagonR, it is for Rs 10,000. It may be noted that the CNG versions of these cars do not come with any discounts. On the base Maruti Suzuki Swift Lxi version and the Lxi (O), customers will get up to Rs 30,000 discount. Those dealers who have the pre-facelift model are willing to add an additional Rs 5,000 as part of the discounts. If one opts for the Vxi and above trims of the new model, then Rs 10,000 cash discount is being given.

On the Maruti Suzuki Dzire, customers stand to get no discounts on the top trims. On the base versions, Rs 5,000 discount is being offered. Same is the case with the Maruti Vitara Brezza but here the higher variants get Rs 10,000 off. There are no discounts on the Maruti Suzuki Ertiga. Depending on the model, customers might end up getting exchange bonus varying from Rs 10,000-20,000. Add Rs 5,000 corporate discount to the mix as well.

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