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

    BJP Seeks Public Apology To Jaitley, Kejriwal Hits Back

    BJP Seeks Public Apology To Jaitley, Kejriwal Hits Back
    "There is no mistake by Jaitleyji and all mistakes by Kejriwalji (in blaming him). Kejriwal himself will be in the dock

    BJP Seeks Public Apology To Jaitley, Kejriwal Hits Back

    Three Delhi Transport Officials Suspended For Corruption

    Three Delhi Transport Officials Suspended For Corruption
    ransport Minister Gopal Rai in a statement said he received some complaints on Wednesday over irregularities in issuance of LOIs to auto drivers at the transport department's Burari authority.

    Three Delhi Transport Officials Suspended For Corruption

    RSS Believes India, Pakistan, Bangladesh Will Reunite Through 'Goodwill' One Day: Ram Madhav

    RSS Believes India, Pakistan, Bangladesh  Will Reunite Through 'Goodwill' One Day: Ram Madhav
    India, Pakistan and Bangladesh will reunite one day to create "Akhand Bharat" or an 'Undivided India', BJP general secretary Ram Madhav has said.

    RSS Believes India, Pakistan, Bangladesh Will Reunite Through 'Goodwill' One Day: Ram Madhav

    7-Year-Old Skating Prodigy From India Creates A World Record

    7-Year-Old Skating Prodigy From India Creates A World Record
    On December 20, Tiluck made India proud when he bettered a world record in the ‘Farthest Distance Limbo Skating Under Bars’ at Siri Fort Stadium in New Delhi.

    7-Year-Old Skating Prodigy From India Creates A World Record

    Click To Clean Delhi

    Just click the picture of the garbage on your mobile and upload it on the Click2Clean page on Facebook.

    Click To Clean Delhi

    No Salary Hike For Principals Of Dirty Delhi Schools

    The Delhi government has decided to withhold the salary increment of school principals for failing to conduct a cleaning drive in their schools despite warnings.

    No Salary Hike For Principals Of Dirty Delhi Schools