Today in New Delhi, India
Nov 20, 2018-Tuesday
New Delhi
  • Humidity
  • Wind

Rahul Gandhi bats for extending guv’s term

business Updated: Jun 04, 2016 06:08 IST

NEW DELHI: In a recent, closed-door meeting with captains of microfinance institutions (MFIs) operating in India, Congress vice-president Rahul Gandhi spoke in favour of a second term for Reserve Bank India governor Raghuram Rajan.

“I think he is doing a great job,” Gandhi told MFI representatives. He also said that there is a “controversy” over his tenure and that should not have been taking place, sources present in the meeting told HT.

Gandhi’s praise for Rajan comes days after BJP leader Subramanian Swamy wrote a letter to Prime Minister Narendra Modi, seeking the RBI governor’s ouster.

Besides meeting the representatives of microfinance institutes on Tuesday, the Congress vice-president also met global investors on Friday.

According to sources, Morgan Stanley, Capital Group, Fidelity and some Hong Kong-based investors came to meet Gandhi, where the discussions also veered on the economic situation in India.

In the meeting, Gandhi even asked the visitors about what they think about India’s gross domestic product (GDP) figures.

The Congress had raised doubts over the new GDP estimates of the NDA government, and accused the government of fudging figures. Gandhi told the foreign institutional investors (FIIs) that the party has supported the bankruptcy bill because of the suggestions and recommendations of the FIIs during his previous interactions with them.

First Published: Jun 04, 2016 06:08 IST