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

    Parkash Singh Badal Advised Rest; Still In Hospital, Modi Visits PGI To Meet Ailing CM

    Parkash Singh Badal Advised Rest; Still In Hospital, Modi Visits PGI To Meet Ailing CM
    Punjab Chief Minister Parkash Singh Badal was advised rest by doctors and kept under observation at the Post-Graduate Institute of Medical Education and Research (PGIMER) here.

    Parkash Singh Badal Advised Rest; Still In Hospital, Modi Visits PGI To Meet Ailing CM

    Amit Shah elected BJP president for three-year term

    Amit Shah, a close confidant of Prime Minister Narendra Modi, was on Sunday elected the BJP president for a full three-year term, retaining the post he has held since the party took power in the country in 2014.

    Amit Shah elected BJP president for three-year term

    Maximum Security In Chandigarh As French PM Hollande To Begin 3-Day India Visit Sunday

    Security around the Hotel Taj, where the French president will stay during his five-hour stop in the city, was at its maximum with scores of armed commandos and policemen swarming the place.

    Maximum Security In Chandigarh As French PM Hollande To Begin 3-Day India Visit Sunday

    Modi's Silence On Key Issues Baffling: Shashi Tharoor

    The silence of Prime Minister Narendra Modi on key issues of communal tension and violence is baffling for a leader who is hailed as a great communicator, Congress leader Shashi Tharoor said on Saturday.

    Modi's Silence On Key Issues Baffling: Shashi Tharoor

    Modi Declassifies Netaji Subhas Chandra Bose Files, Evokes Mixed Reaction In India

    Modi Declassifies Netaji Subhas Chandra Bose Files, Evokes Mixed Reaction In India
    Ending decades of wait, the Indian government on Saturday declassified the first set of 100 files on revolutionary leader Netaji Subhas Chandra Bose, whose whereabouts after a reported air crash continues to be a mystery even after 70 years.

    Modi Declassifies Netaji Subhas Chandra Bose Files, Evokes Mixed Reaction In India

    Home for Care and Reunion

    Home for Care and Reunion
    Prabh Aasra, an organization reuniting families, has vowed to make a difference by serving as a home and rehabilitation centre for the physically incapacitated and mentally challenged individuals.

    Home for Care and Reunion