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Swamy again urges Modi to remove RBI Governor

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  27 May 2016 12:00 AM GMT

New Delhi, May 26: BJP’s Rajya Sabha MP Subramanian Swamy on Thursday again urged Prime Minister rendra Modi to remove RBI Governor Raghuram Rajan for, among other things, “reckless disregard of tiol security interests”. In a letter to the prime minister, the Bharatiya Jata 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’ fincial 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 fincial institutions; and Rajan being a member of the ‘US-domited’ Group of 30.

“As governor of RBI, Dr. Rajan sent confidential and sensitive fincial information to various persons around the world on his University of Chicago’s unsecure persol email address. This is a reckless disregard of the security interests of India,” the Rajya Sabha member wrote. (IANS)

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