Raghuram Rajan’s Reappointment Should Not Be Of Media’s Interest: PM Modi

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New Delhi:  Prime Minister Narendra Modi has said the issue of reappointment of RBI Governor Raghuram Rajan was an administrative subject and it should not be an issue of interest of the media.

In his first comments in the wake of attacks on the top economist in recent months led by BJP leader Subramanian Swamy, PM Modi “I don’t think this administrative subject should be an issue of interest to the media.”
“Besides, it will come up only in September,” he told The Wall Street Journal, referring to the three-year term of Rajan which ends in September.

“Do you support the reappointment of Mr Rajan, the central bank governor?” the Prime Minister was asked.

As an outspoken RBI Governor, Mr Rajan has expressed his views on host of issues, including intolerance and has even described India as ‘one-eyed king’ in the land of blind in reference to the country’s high economic growth.

BJP lawmaker Subramanian Swamy has levelled allegations against Mr Rajan including of sending confidential and sensitive financial information around the world and asked the Prime Minister to sack him immediately.

The BJP leader also accused Mr Rajan of publicly disparaging the Modi government and alleged that he is a member of “a US dominated group” that was set up to defend America’s dominant position in the global economy.

But saying that he “disapproved” of the “personal comments” on Mr Rajan, Finance Minister Arun Jaitley has said RBI and the government are in continuous dialogue and that relationship will continue.

PTI