Disappointed and saddened, India is the loser: Chidambaram on Rajan | india-news | Hindustan Times
Today in New Delhi, India
Apr 30, 2017-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Disappointed and saddened, India is the loser: Chidambaram on Rajan

Senior Congress leader P Chidambaram on Saturday said he was disappointed and profoundly saddened by RBI governor Raghuram Rajan’s decision against a second term, but he was not surprised by the development.

india Updated: Jun 18, 2016 19:05 IST
Raghuram Rajan

File photo of former finance minister P Chidambaram. The senior Congress leader has expressed disappointment on RBI governor Raghuram Rajan ruling out a second term. (Saumya Khandelwal/HT Photo)

Senior Congress leader P Chidambaram on Saturday said he was disappointed and profoundly saddened by RBI governor Raghuram Rajan’s decision against a second term, but he was not surprised by the development.

“I am disappointed and profoundly saddened by the decision of Dr Raghuram Rajan to leave the RBI on completion of his term on September 4,2016, but I hasten to add that I am not surprised at all,” he said in his reaction.

The former finance minister said the government had invited this development through a craftily-planned campaign of insinuations, baseless allegations and puerile attacks on a distinguished academic and economist.

“As I had said sometime ago, this government did not deserve Dr Rajan. Nevertheless, India is the loser,” he added.

Raghuram Rajan said on Saturday he will return to academia when his current tenure expires on September 4, virtually ruling out a second term.

He was appointed RBI governor by the UPA government in 2013 when Chidambaram was finance minister.

Is Your Couch Making You Cough?
Promotional Feature