Saturday, March 28, 2026
ADVT 
India

Subramanian Swamy Again Urges Modi To Remove RBI Governor

Darpan News Desk IANS, 26 May, 2016 11:26 AM
    BJP's Rajya Sabha MP Subramanian Swamy on Thursday again urged Prime Minister Narendra Modi to remove RBI Governor Raghuram Rajan for, among other things, "reckless disregard of national security interests".
     
    In a letter to the prime minister, the Bharatiya Janata Party parliamentarian raised six objections against the Reserve Bank of India Governor's conduct as a "government official".
     
    Swamy accused Rajan of raising interest rates which, according to him, led to recession; sending 'confidential and sensitive' financial information to various persons around the world; and being 'publicly disparaging of the BJP government', among other things.
     
    "Dr. Rajan's insistence on raising the interest rates led to a recession in the domestic small and medium industries and thereby caused not only a sharp decline in output but also a massive unemployment of semi-skilled labour," Swamy wrote.
     
    The other objections raised by Swamy are Rajan holding a US green card despite holding a sensitive and very high government of India post; his insistence on setting up Shariah-compliant financial institutions; and Rajan being a member of the 'US-dominated' Group of 30.
     
    "As governor of RBI, Dr. Rajan sent confidential and sensitive financial information to various persons around the world on his University of Chicago's unsecure personal email address. This is a reckless disregard of the security interests of India," the Rajya Sabha member wrote. 
     
    Meanwhile, union Finance Minister Arun Jaitley said he disapproved of personal attacks on the RBI Governor.
     
     
    "I do not approve of any personal comments on anyone, let alone the RBI governor. The RBI is an important institution; it makes its judgement. One can agree or disagree with their judgement, but that is matter of debate," Jaitley told NDTV. 
     
    After his nomination to the Rajya Sabha last month, Swamy has been repeatedly attacking Rajan. 
     
    On May 16, Swamy had written to Modi for Rajan's removal, saying "he is mentally not fully Indian". 
     
    On May 12 also, Swamy had blamed Rajan for rising inflation and increasing unemployment in the country, and called for his immediate removal.
     
    Rajan's term ends on September 3. He was appointed RBI Governor by the previous United Progressive Alliance government.

    MORE India ARTICLES

    Kiren Rijiju Misquoted, Punjab No More Disturbed Area: Home Ministry

    Kiren Rijiju Misquoted, Punjab No More Disturbed Area: Home Ministry
    A ministry release said Rijiju visited Punjab on Januray 31 and February 1 and had said there were some elements in the country and across the border who were trying to create disturbance in the state.

    Kiren Rijiju Misquoted, Punjab No More Disturbed Area: Home Ministry

    India concerned over Hafiz Saeed's comments

    India on Thursday expressed concern over Pakistan-based terrorist Hafiz Saeed's threat that more attacks will be carried out after the cross-border terror attack on the Pathankot airbase last month.

    India concerned over Hafiz Saeed's comments

    Ontario Premier Kathleen Wynne Runs Along 'Flying Sikh' Milkha Singh At Sukhna Lake

    Ontario Premier Kathleen Wynne Runs Along 'Flying Sikh' Milkha Singh At Sukhna Lake
    Former Indian sprinter Milkha Singh and Ontario Premier Kathleen Wynne ran together at Sukhna Lake this morning. Kathleen Wynne, a Milkha Singh fan, had accepted his invitation to join him for a run at Sukhana Lake sometime ago.

    Ontario Premier Kathleen Wynne Runs Along 'Flying Sikh' Milkha Singh At Sukhna Lake

    An 'Aam Aadmi' Sends Arvind Kejriwal Rs 364 To Buy Shoes So That He Won't Embarrass India Again!

    An 'Aam Aadmi' Sends Arvind Kejriwal Rs 364 To Buy Shoes So That He Won't Embarrass India Again!
    He was seen wearing floaters at the President’s dinner at the Rashtrapati Bhavan where French President Fancois Hollande was also present 

    An 'Aam Aadmi' Sends Arvind Kejriwal Rs 364 To Buy Shoes So That He Won't Embarrass India Again!

    Bengaluru Mob Strips Tanzanian Girl After Sudanese Man Runs Over A Woman

    Bengaluru Mob Strips Tanzanian Girl After Sudanese Man Runs Over A Woman
    External Affairs Minister Sushma Swaraj on Wednesday described as "shameful" an alleged attack and stripping of a Tanzanian woman in Bengaluru following a road accident.

    Bengaluru Mob Strips Tanzanian Girl After Sudanese Man Runs Over A Woman

    UBC Finance Committee Says No To Selling Off Fossil Fuel Holdings

    UBC Finance Committee Says No To Selling Off Fossil Fuel Holdings
    VANCOUVER — The University of British Columbia's finance committee has voted against selling off the school's fossil fuel holdings.  

    UBC Finance Committee Says No To Selling Off Fossil Fuel Holdings