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

    AAP, Congress Ask Arun Jaitley To Quit, CBI Rebuts Arvind Kejriwal

    AAP, Congress Ask Arun Jaitley To Quit, CBI Rebuts Arvind Kejriwal
    Jaitley, former chairman of the Delhi and District Cricket Association (DDCA), rubbished the charges against him. 

    AAP, Congress Ask Arun Jaitley To Quit, CBI Rebuts Arvind Kejriwal

    Calgary Man Convicted Of Fatally Stabbing Neighbour 37 Times Files Appeal

    Calgary Man Convicted Of Fatally Stabbing Neighbour 37 Times Files Appeal
    Nicholas Rasberry was sentenced on Friday to seven years minus time served for the May 2013 death of school teacher Craig Kelloway.   

    Calgary Man Convicted Of Fatally Stabbing Neighbour 37 Times Files Appeal

    Globe-Trotter Narendra Modi Has His Sight Set On Foreign Policy

    Globe-Trotter Narendra Modi Has His Sight Set On Foreign Policy
    In just over 18 months after becoming prime minister, Modi has already visited 30 countries, three of them - the United States, France and Nepal seeing two visits each

    Globe-Trotter Narendra Modi Has His Sight Set On Foreign Policy

    India's Responsibility Not Limited To Its Boundaries: Modi

    India's Responsibility Not Limited To Its Boundaries: Modi
    Prime Minister Narendra Modi on Tuesday said India was in a "difficult neighbourhood", but the country's responsibility on the security scene was no longer limited to its borders and coastline.

    India's Responsibility Not Limited To Its Boundaries: Modi

    WATCH: Congress, Akalis, Aap Flex Political Muscles In Punjab

    WATCH: Congress, Akalis, Aap Flex Political Muscles In Punjab
    Punjab's ruling Shiromani Akali Dal (SAD) and opposition Congress held political rallies on Tuesday in Patiala and Bathinda respectively while Aam Aadmi Party held statewide protests against the state government.

    WATCH: Congress, Akalis, Aap Flex Political Muscles In Punjab

    Punjab First To Implement Energy Efficiency In School Syllabus

    Punjab First To Implement Energy Efficiency In School Syllabus
    Punjab has taken the lead in incorporating energy efficiency as a subject in school curriculum and in requisite training of teachers in all schools across the state, Power Minister Piyush Goyal said on Monday.

    Punjab First To Implement Energy Efficiency In School Syllabus