Swamy lashed out at the RBI governor, saying he is not appropriate for the country and that he must be sent to Chicago.
Swamy lashed out at the RBI governor, saying he is not appropriate for the country and that he must be sent to Chicago.
New Delhi:
Senior Bharatiya Janata Party (BJP) leader Subramanian Swamy on Tuesday wrote to Prime Minister Narendra Modi seeking the removal of RBI Governor Raghuram Rajan.
According to a NDTV report, Swamy accused Mr Rajan of ‘harming the nation's economy’. -"I am shocked by the willful and apparently deliberate attempt by Dr Rajan to wreck the Indian economy,-" he reportedly said in the letter to Modi.
The Rajya Sabha member also accused Rajan of -"acting more as a disrupter of the Indian economy than the person who wants the Indian economy to improve.-" He also said Rajan is -"mentally not fully Indian-" because he holds a Green Card in this country.
Swamy in a Facebook post earlier accused Rajan of being responsible for -"unemployment and collapse-" of industrial activity.
-"In my opinion, the RBI Governor is not appropriate for the country. I don't want to speak much about him. He has hiked interest rates in the garb of controlling inflation that has damaged the country... The sooner he is sent back to Chicago, the better it would be,-" Swamy had told reporters outside Parliament.
Rajan, who had earlier also served as the Chief Economist of IMF and is known as a key commentator on financial issues globally, is the on-leave Professor of Finance at the University of Chicago's Booth School of Business.
The RBI chief earlier indicated his interest in a second term. He said he enjoyed every moment of the job but there is -"more to do-".
-"There is a lot of fulfillment from making things actually happen for improving the environment... I have enjoyed every moment of the job,-" said Rajan, whose current three-year term as the Reserve Bank Governor is ending this September.
After assuming charge as the RBI Governor in September 2013, Rajan has gradually raised the short-term lending rate from 7.25 % to 8 % and retained the high rates throughout 2014. He had earlier kept the rates high, citing inflationary concerns despite intense pressure from the Finance Ministry and the industry for softening them with a view to boosting growth.
