Don’t approve of personal remarks on Rajan: Jaitley after Swamy salvo
Finance minister Arun Jaitley said on Thursday he does not approve of “personal comments” against anyone including Reserve Bank of India governor Raghuram Rajan. Bharatiya Janata Party MP Subramanian Swamy has fired another salvo against Rajan, urging Prime Minister Narendra Modi to remove him from the RBI governor’s post.india Updated: May 26, 2016 18:27 IST
Finance minister Arun Jaitley said on Thursday he does not approve of “personal comments” against anyone including Reserve Bank of India governor Raghuram Rajan. Bharatiya Janata Party MP Subramanian Swamy has fired another salvo against Rajan, urging Prime Minister Narendra Modi to remove him from the RBI governor’s post.
In a letter to the prime minister, Swamy raised six objections against Rajan and his conduct as a “government official”.
“I don’t approve of personal comments against anyone, let alone the RBI governor,” Jaitley said when asked about the attack on Rajan. The RBI, Jaitley said, is an important institution which makes its own judgements.
“One can agree or disagree with their judgement, but that’s a debate on issues. But I don’t think we should allow a public discourse where instead of debate on issues we concentrate on debate on persons,” the finance minister told NDTV.
Swamy accused Rajan of sending sensitive financial information abroad.
Rajan, who famously predicted the 2008 global meltdown, was a professor of finance at University of Chicago Booth School of Business from 1991 to 2013. His three-year term at the Reserve Bank of India ends in September. When asked recently if he was interested in another stint, the 53-year-old economist said that there was a lot of work to be done.
Despite holding a sensitive post, Rajan has been making mandatory trips to the US to renew his green card. RBI governor’s post, Swamy said, “is very high in the Warrant of Precedence and requires a patriotic and unconditional commitment to our nation”.
This is the second time that Swamy has raised the issue of Rajan’s green card. Earlier he had accused India’s top banker of wrecking the economy, alleging he was “not fully Indian” since he was renewing his US green card.
Jaitley said the RBI and the government are in continuous dialogue and that relationship will continue. “And I hope from the later part of this year, the Monetary Policy Committee will get into action and therefore, both the bank and the government nominees will have to sit together and decide monetary policy,” he said.
With inputs from PTI
First Published: May 26, 2016 18:27 IST