Yet another institution will diminish: Kapil Sibal on New RBI Governor

Kapil Sibal

New Delhi, Dec 12: Senior Congress leader Kapil Sibal on Wednesday targetted Narendra Modi government over the appointment of new RBI Governor Shaktikanta Das, saying he is a bureaucrat, not an economist, adding “Yet another institution will diminish”.

Taking to Twitter, Sibal stated “Shaktikantadas our new RBI Governor. A bureaucrat not an economist. Defended Demonetisation”.

In a scathing attack on the central government, the Congress leader said “the Pied Piper will play the tune and the RBI will follow. The inevitable outcome will be that RBI’s reserves will be used for government doles”, adding “Yet another institution will diminish”.

Former finance secretary and current member of the finance commission Shaktikanta Das was named as the Reserve Bank of India (RBI) Governor on Tuesday.

The development comes a day after Urjit Patel resigned as RBI Governor with immediate effect.

Das is a 1980 batch IAS officer from Tamil Nadu cadre.


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