Summary:
He should not succumb to the pressure of the government and give away the money (that the government is demanding),” he added. The Section 7 deals with the government giving specific directions to the RBI, which many experts read as government interference.On the appointment of Shaktikanta Das as the new RBI governor, Sinha said, “He has been sent to the RBI with a specific purpose. PUNE: Former finance minister Yashwant Sinha on Wednesday said there would not be any change in the approach of the BJP despite its defeats in the assembly elections in three states because the power to make changes was concentrated in the hands of only “two” persons.“It is impossible to bring any change in the party’s approach or functioning because (the authority) to bring any change in the party is in the hands of (only) two persons,” he said, delivering the J S Karandikar Memorial Lecture organized by the Pune Union of Working Journalists.The former BJP leader said earlier the Congress was called the party with dead leaders, but now it was the BJP because all other leaders were “scared” to question Prime Minister Narendra Modi and party president Amit Shah.Sinha said generally the PM is the “first among equals” in Parliament, but today he behaves like a “boss”.He also said all the key decisions, such as demonetisation, signing of the Rafale deal and imposing the governor’s rule in Jammu and Kashmir, were taken without the consulting the ministers concerned.Patel should have quit a month earlierSinha said the resignation of former RBI governor Urjit Patel was unfortunate, but he should have quit about a month earlier, when there were reports of the government invoking the Section 7 of the RBI Act..