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We have no role in the selection of Reliance Defence for Rafale deal: Defence Ministry

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Defence-Minister

New Delhi |  A day after former French President Francois Hollande claimed Reliance Defence was chosen as Indian partner for the Rafale deal at the behest of New Delhi, the government Saturday said it had “no role” in the selection.

The Defence Ministry said “unnecessary controversies” are being sought to be created following media reports regarding a statement purportedly made by Hollande concerning the selection of Reliance Defence as the offset partner by Dassault Aviation, the manufacturers of Rafale aircraft. “The government has stated earlier and again reiterates that it had no role in the selection of Reliance Defence as the Offset partner,” the ministry said.

The ministry’s statement came a day after French publication ‘Mediapart’ quoted Hollande as saying that the Indian government proposed Reliance Defence as the partner for French aerospace giant in the Rs 58,000 crore Rafale deal and France did not have a choice.

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Government likely to make announcement on RBI soon: Finance Secretary

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RBI

New Delhi | The government is likely to make an announcement regarding Urjit Patel’s successor as Reserve Bank of India’s Governor later in the day, Finance Secretary A N Jha said.

RBI has been rendered headless following Patel’s unexpected resignation, with immediate effect, Monday. Patel, who is the first governor since 1990 to step down before his term ends, in a brief statement, cited “personal reasons” for the decision.

The decision to quit comes four days ahead of a crucial meeting of the board of the central bank that could have discussed issues of simmering differences with the government. It is expected that the board meeting may be deferred as there is no regular governor.

Speaking to reporters, Jha said, some communication from the government on RBI is expected.

Patel’s three-year term was to end in September 2019, and he was eligible for a second term like most of his successors, barring a few like his outspoken predecessor Raghuram Rajan.

A Kenyan national who acquired an Indian citizenship prior to being appointed Deputy Governor of RBI in January 2013, Oxford-trained Patel was initially seen as toeing government line after he backed the November 2016 shock decision to overnight junk 86 per cent of the currency in circulation.

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National

Former Kerala Minister C N Balakrishnan dead

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Kochi | Veteran Congress leader and former Kerala minister C N Balakrishnan died at a private hospital here, party sources said Tuesday.

He was 84. Balakrishnan, a former Cooperation minister, undergoing treatment for pneumonia at a private hospital here and the end came late Monday night, the sources said.

He is survived by his wife and two daughters.

Chief Minister Pinarayi Vijayan and Leader of the Opposition in the state assembly Ramesh Chennithala were among those who condoled his death.

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National

Eminent economist Surjit Bhalla resigns from EAC-PM

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New Delhi | Eminent economist and columnist Surjit Bhalla on Tuesday said that he had resigned as part-time member of Economic Advisory Council to the Prime Minister(EAC-PM) on December 1.

“I resigned as a part-time member of PMEAC on December 1,” Bhalla said on social networking site Twitter.

The EAC- PM is headed by Niti Aayog member Bibek Debroy. Economists Rathin Roy, Ashima Goyal and Shamika Ravi are other part-time members.

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