"Later, responding to a query on post of Governor of RBI, he said it was wholesale PP sheets always "tested". I think in any regulatory position, you have the ability to stand up. And you have to establish clear parameters -- what you are willing to do and what you are not willing to do," he said. There were new banks, payment banks, small finance banks," he said at an event here to launch his book 'I do What I do'.Noting that work is still in progress to reform state- owned banks, he said, "I think at this point, the single biggest challenge is cleaning up the balance sheets of public sector banks. Rajan also recalled previous governors of RBI and added that some had "delivered" their resignations to the government.A Governor has to "continuously" explain when he is not continuing to do something and when the decision within his purview is "No"."I think that is something that is understood and respected in the (banking) system", he said. That is clearly holding up the economy at this point."Before bringing more change in the public sector banking system, "it is extremely important that the banks get back into the business of lending.Chennai: Former RBI Governor Raghuram Rajan on Wednesday said the biggest challenge is cleaning up the balance sheets of public sector banks."RBI (during his tenure) issued lot of things to increase competition in the banking sector which include giving 23 bank licences."I have seen it from both sides, from ministry side as well as the Governor side. Referring to his earlier stint as Chief Economic Advisor with the Finance Ministry, he said he had seen both sides of the equation. You (an RBI Governor) have always been tested.But if you are overruled in that situation, you have to decide the option of leaving gracefully," he said."Famous resignation letter is Manmohan Singh's resignation letter.

The same were put back in the store room after answers were allegedly written on them by the students at home, police said. The police arrested eight employees of the university’s examination section and will be making more arrests after investigations are over. According to the police, employees of Mumbai University sneaked the answer sheets out of the store room located on the varsity’s Kalina campus in suburban Santacruz. The answer sheets were allegedly handed over to the students through agents.After the action by the Mumbai police on Saturday, the university held an emergency meeting on Sunday in which all the top authorities were present along with members of the management and academic council too. Vidyaغير مجاز مي باشدar Rao, has asked Dr Sanjay Deshmukh, the vice-chancellor of University of Mumbai for a report on the engineering exam scam.The police has arrested eight persons, including the guard of the store room where PVC sheets factory the answer sheets were kept, in connection with the alleged tampering of engineering course answer sheets to increase the scores of students. The case came to light after a constable received a tip off on students rewriting exam papers with the help of university staff. Confirming that the governor had asked for a report on the engineering paper scam, a university spokesperson on behalf of Dr Deshmukh said, “The meeting on Sunday dwelt on all issues including purging all avenues of malpractices as well as introducing measures to curb a repeat of such incidents in future. The source also said that while the blame in the current incident has been entirely on the temporary staff and only one permanent employee in the form of the custodian was involved, the suspicion was also on the permanent staff and a thorough investigation into their activities would also ensure an end to corruption in the university..The governor and chancellor of all universities in the state, C.”The measures included increasing vigilance in the examination section by installing more CCTV surveillance, having a separate control room to oversee surveillance, installation of access control and intrusion software to monitor the employees of the examination section. Sources in the university said that the authorities had been tipped about the malpractices in the examination section and the involvement of some of the temporary staff.