Pan-waala, Chai-waala, Raddi-Waala, Kaam-waali, Taxi Driver, everybody gave their dose of economics on what hit the nation on 8th November 2016.
Everybody, except for the 24th Governor of the Reserve Bank of India.
Was he hiding, was he unwilling to reveal, was he being told to shut up, so many questions left people puzzled.
How could a Governor go back on his own promise, seemed to be the major grouse.
Even as the issue went political, there were economic and certainly trade related perspectives that needed to be clarified. And, the pressure coming from unexpected quarters did not spare even the Prime Minister- Narendra Modi or even Arun Jaitley- the Finance Minister. It certainly did not spare the Governor.
"Either Prime Minister Narendra Modi or Finance Minister Arun Jaitley would be knowing the minute aspects of demonetization. The RBI Governor should have advised the government properly as to issues involved and the time needed for the banking sector to be ready for the same," D. Thomas Franco, Senior Vice President of the All India Bank Officers Confederation (AIBOC), had said in this report.
Bank's internal resources, the ATM industry, people standing in queues, all were fuming and complaining. Some chose to talk on Twitter, others in hushed voices. Yes, there was a voice, but not from the RBI governor, according to several allegations.
The Congress Party alleged that Urjit Patel was "afraid of revealing information on demonetization"
Patel in a PTI interview in November 2016 said that the central bank was taking all necessary actions to "ease the genuine pain of citizens" with a clear intent to normalize the things as early as possible.