Close X
Monday, December 16, 2024
ADVT 
India

Subramanian Swamy Again Urges Modi To Remove RBI Governor

Darpan News Desk IANS, 26 May, 2016 11:26 AM
    BJP's Rajya Sabha MP Subramanian Swamy on Thursday again urged Prime Minister Narendra Modi to remove RBI Governor Raghuram Rajan for, among other things, "reckless disregard of national security interests".
     
    In a letter to the prime minister, the Bharatiya Janata Party parliamentarian raised six objections against the Reserve Bank of India Governor's conduct as a "government official".
     
    Swamy accused Rajan of raising interest rates which, according to him, led to recession; sending 'confidential and sensitive' financial information to various persons around the world; and being 'publicly disparaging of the BJP government', among other things.
     
    "Dr. Rajan's insistence on raising the interest rates led to a recession in the domestic small and medium industries and thereby caused not only a sharp decline in output but also a massive unemployment of semi-skilled labour," Swamy wrote.
     
    The other objections raised by Swamy are Rajan holding a US green card despite holding a sensitive and very high government of India post; his insistence on setting up Shariah-compliant financial institutions; and Rajan being a member of the 'US-dominated' Group of 30.
     
    "As governor of RBI, Dr. Rajan sent confidential and sensitive financial information to various persons around the world on his University of Chicago's unsecure personal email address. This is a reckless disregard of the security interests of India," the Rajya Sabha member wrote. 
     
    Meanwhile, union Finance Minister Arun Jaitley said he disapproved of personal attacks on the RBI Governor.
     
     
    "I do not approve of any personal comments on anyone, let alone the RBI governor. The RBI is an important institution; it makes its judgement. One can agree or disagree with their judgement, but that is matter of debate," Jaitley told NDTV. 
     
    After his nomination to the Rajya Sabha last month, Swamy has been repeatedly attacking Rajan. 
     
    On May 16, Swamy had written to Modi for Rajan's removal, saying "he is mentally not fully Indian". 
     
    On May 12 also, Swamy had blamed Rajan for rising inflation and increasing unemployment in the country, and called for his immediate removal.
     
    Rajan's term ends on September 3. He was appointed RBI Governor by the previous United Progressive Alliance government.

    MORE India ARTICLES

    Google's Sundar Pichai Backs Apple Over Cracking San Bernardino Shooter Syed Farook's iPhone

    Google's Indian-American chief executive Sundar Pichai sided with rival Apple in its battle over a court order to help the FBI access information on the encrypted iPhone used by a Pakistani-American shooter in San Bernardino.

    Google's Sundar Pichai Backs Apple Over Cracking San Bernardino Shooter Syed Farook's iPhone

    Jat Stir Continues In Haryana After Talks Fail, Clashes In Rohtak

    Jat Stir Continues In Haryana After Talks Fail, Clashes In Rohtak
    The agitation by the Jat in support of their demand for reservation continued to affect normal life in various districts of Haryana for the fifth day on Thursday.

    Jat Stir Continues In Haryana After Talks Fail, Clashes In Rohtak

    'The Rebel' Ban Sparks Debate Over What Constitutes Journalism In The Digital Era

    'The Rebel' Ban Sparks Debate Over What Constitutes Journalism In The Digital Era
    Neither governments nor industry professionals can seem to agree on exactly what constitutes journalism in the digital era — all they know is that the issue needs to be discussed.

    'The Rebel' Ban Sparks Debate Over What Constitutes Journalism In The Digital Era

    Bad Start For Freedom 251: Website Crashes, People Mob Its Office

    A visit to the company's head office by in Noida to get a first-hand experience of the situation was not very encouraging either

    Bad Start For Freedom 251: Website Crashes, People Mob Its Office

    'Make In India Week' Gets Rs.15 Lakh Crore Investment Commitment

    'Make In India Week' Gets Rs.15 Lakh Crore Investment Commitment
    India's biggest manufacturing promotional till date at home - the Make in India Week - concluded here on Thursday with investment commitments of over Rs.15 lakh crore ($220 billion), the government said.

    'Make In India Week' Gets Rs.15 Lakh Crore Investment Commitment

    Kanhaiya Kumar Moves Supreme Court For Bail, Opposition Petitions President

    Kanhaiya Kumar Moves Supreme Court For Bail, Opposition Petitions President
    His lawyer Vrinda Grover told the judges that the atmosphere in the Patiala House Courts, where the accused was allegedly assaulted by a group of lawyers, was not conducive for moving the bail application. 

    Kanhaiya Kumar Moves Supreme Court For Bail, Opposition Petitions President