Just a few days after BJP MP Subramanian Swamy urged Prime Minister Narendra Modi to sack RBI governor Raghuram Rajan and send him back to Chicago, Finance minister Arun Jaitley has said that he does not approve of “personal comments” against anyone including the RBI Governor.
The RBI, Jaitley said, is an important institution which makes its own judgements.
Swamy, who has been on a crusade to ensure that Rajan does not get an extension when his term finished in September, has written a second letter
in less than a fortnight to PM Modi leveling six allegations against Rajan and seeking his dismissal.
Here is what Swamy has alleged:
In his letter on May 17, Swamy had asked the PM to dismiss him saying he was “mentally not fully Indian
” and had “wilfully wrecked” the economy.
The Congress questioned the Prime Minister’s silence on the issue. Congress spokesperson Manish Tiwari said that it sent the message from the ruling dispensation “that if you do not play ball with us, if you do not move in tandem with us, then we will hound you, we will come after you. The intention is very simple: that if you are a self-respecting man, you will possibly put in your papers and go and then we will be saved of the embarrassment of having not to renew your term. This is the worst form of fascism and the oldest trick in the fascist movement.”
Rajan 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.