After Rajan’s Exit, Swamy Calls For Chief Economic Adviser Arvind Subramanian’s Sacking

author image
2:26 pm 22 Jun, 2016

After RBI governor Raghuram Rajan announced his decision to leave his post on the completion of his term, Bharatiya Janata Party (BJP) leader Subramanian Swamy, who had actively sought Rajan’s dismissal, has now called for the sacking of Chief Economic Adviser (CEA) Arvind Subramanian, a PM Modi-appointee.

Arvind subramanian financialexpress

Arvind subramanian financialexpress

Swamy’s attack follows reports of Subramanian being the most-likely candidate to succeed Rajan among five candidates the government was said to be considering.

In a series of tweets, Swamy said that Subramanian had recommended that the US government act against India through the WTO over its pharmaceutical Intellectual Property Rights (IPR) regulations.

 

The CEA had made that recommendation to the US Congress in a written testimony, which was submitted in March 2014.

Swamy has accused Subramanian of encouraging the Congress to harden stand on the goods and services tax, stuck in the Rajya Sabha.

cds-

cds-


Tipped as India’s biggest tax reform, the GST aims to dismantle discal barriers between states and create a cohesive large market. It will be a single tax levied across India on all goods and services.

Arvind Subramanian sought changes in Indian patent law. His testimony to US Congress read: “If India does not address the problems created by Section 3(d) of the patent legislation or by compulsory licensing for nonworking, the United States should consider initiating WTO disputes against India.”

BJP leader Subramanian Swamy timesofindia

BJP leader Subramanian Swamy timesofindia

“In American Congress Committee for pharmaceutical purposes, Arvind Subramanian said in a statement that India was not working according to America in this matter and for that, they should be taught a lesson in WTO. How can we have such a person as an advisor here?,” Swamy said.

Swamy had said that the CEA was a ‘green card holder’ and was probably not an Indian citizen.

Continuing his assault, he added that when Arvind was appointed by the Indian government, he gave a note to the Finance Ministry asserting that the clauses given by the Congress in the GST Bill were absolutely justified.

exportexpertsindia

exportexpertsindia

“I think that such people who can fail our government should be tossed out. Now, it’s been two years and I think it’s about time,” he added.

Both Rajan and Subramanian have worked at the International Monetary Fund as well.

The senior BJP leader also said that he had a list of 27 people with him and that he will ‘fix’ them soon.

youtube

youtube

Reacting to Swamy’s comments, the Finance Ministry has said it had taken a considered view when it appointed the former IMF economist as the CEA. The Finance Ministry said it knew of his stance on key issues like IPR before choosing him, adding the Ministry was not giving credence to Dr. Swamy’s remarks.

However, according to Congress leader Divijaya Singh, Swamy’s target is not Arvind Subramanian, but finance minister Arun Jaitley.

 

Popular on the Web

Discussions



  • Viral Stories

TY News