Monday, March 30, 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

    NIA Reconstructs SP Salwinder Singh's 'Abduction', Questions Him

    NIA officials on Wednesday took Punjab Police officer Salwinder Singh with them to reconstruct the entire sequence of events of his 'abduction' by suspected Pakistani terrorists who later attacked the Pathankot air base in a pre-dawn attack on January 2.

    NIA Reconstructs SP Salwinder Singh's 'Abduction', Questions Him

    Nawaz Sharif Promises PM Modi Prompt Action Against Pathankot Attackers

    Nawaz Sharif Promises PM Modi Prompt Action Against Pathankot Attackers
    Dialling Prime Minister Narendra Modi from Sri Lanka, Pakistan Prime Minister Nawaz Sharif on Tuesday promised "prompt and decisive action" against terrorist groups linked to the attack on the air base at Pathankot in Punjab.

    Nawaz Sharif Promises PM Modi Prompt Action Against Pathankot Attackers

    NSG Deployment Before Attack Proved Alertness: Punjab DGP Suresh Arora

    NSG Deployment Before Attack Proved Alertness: Punjab DGP Suresh Arora
    Asked if all terrorists had been accounted for, he said: "We do not have any information on any more terrorists."

    NSG Deployment Before Attack Proved Alertness: Punjab DGP Suresh Arora

    Modi Took Election Losers In Cabinet: Shatrughan Sinha

    Modi Took Election Losers In Cabinet: Shatrughan Sinha
    Disgruntled BJP MP Shatrughan Sinha has lamented the entry of "Johnnies-come-lately" and those who lost the Lok Sabha polls in Prime Minister Narendra Modi's government while seniors were ignored.

    Modi Took Election Losers In Cabinet: Shatrughan Sinha

    UP Rolls Out Red Carpet To Indian Diaspora At Agra

    The Uttar Pradesh government rolled out a red carpet welcome to some 250-odd members of the Indian diaspora on Monday in the Taj city as the maiden 'UP Pravasi Diwas' took off to an impressive start.

    UP Rolls Out Red Carpet To Indian Diaspora At Agra

    Pathankot Attack: Five Terrorists Killed In Pathankot, Operations Still On

    Pathankot Attack: Five Terrorists Killed In Pathankot, Operations Still On
    Over 62 hours after suspected Pakistani terrorists raided the IAF base here killing seven security personnel and losing five of their own, senior officers said on Monday evening that they were still sensitizing the area for possible hidden attackers.

    Pathankot Attack: Five Terrorists Killed In Pathankot, Operations Still On