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

    Many Punjab Teachers Got Good Acrs With Consistently Poor Results: Minister Daljit Singh Cheema

    Many Punjab Teachers Got Good Acrs With Consistently Poor Results: Minister Daljit Singh Cheema
    Many government teachers in Punjab got top rankings in their annual confidential reports (ACRs) from senior officials despite their students' consistently poor academic results, a minister said on Monday.

    Many Punjab Teachers Got Good Acrs With Consistently Poor Results: Minister Daljit Singh Cheema

    26/11: David Coleman Headley To Depose Before Mumbai Court Tomorrow From US

    26/11: David Coleman Headley To Depose Before Mumbai Court Tomorrow From US
    David Coleman Headley would depose before a special Mumbai court on Monday and reveal the sequence of events and planning behind the 26/11 terror attacks, said senior public prosecutor Ujjwal Nikam

    26/11: David Coleman Headley To Depose Before Mumbai Court Tomorrow From US

    Delhi University Student's Burnt Body Found In Ventilation Shaft Of Friend's House

    Delhi University Student's Burnt Body Found In Ventilation Shaft Of Friend's House
    The body of a 21-year-old woman student of Delhi University, who had gone missing a few days back, was on Sunday recovered from a shaft of her friend's residence, police said

    Delhi University Student's Burnt Body Found In Ventilation Shaft Of Friend's House

    BSF Kills Four Smugglers In Punjab; 10 Kg Heroin Recovered

    BSF Kills Four Smugglers In Punjab; 10 Kg Heroin Recovered
    BSF troopers on Sunday shot dead four smugglers, including two Pakistanis, in Punjab's Ferozepur sector and seized nearly 10 kg heroin, a senior BSF officer said.

    BSF Kills Four Smugglers In Punjab; 10 Kg Heroin Recovered

    Video: Leopard Enters Bengaluru School, Trapped After Injuring Five People

    Video: Leopard Enters Bengaluru School, Trapped After Injuring Five People
    A male leopard was on Sunday tranquilized and trapped after it quietly entered a private school in the city and injured five people

    Video: Leopard Enters Bengaluru School, Trapped After Injuring Five People

    UP Minister Azam Khan Says PM Modi Met Dawood In Lahore; Draws Flak From BJP, Congress

    "If the prime minister asks, I can show photographs as proof," Azam Khan told reporters in Ghazipur district of Uttar Pradesh.

    UP Minister Azam Khan Says PM Modi Met Dawood In Lahore; Draws Flak From BJP, Congress