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Rajan too brilliant economist to be deserved by Modi govt: Chidambaram
Saturday May 28, 2016 8:25 PM, UNI

New Delhi: Slamming the demand of removal of Reserve Bank of India (RBI) governor Raghuram Rajan by Bharatiya Janata Party (BJP) MP Subramanian Swamy, former finance minister P Chidambaram today said Rajan is too brilliant economist to be deserved by this Modi government.

During a press briefing at Congress headquarters on the completion of two years of the Modi government here, Chidambaram said, "Rajan is one of the best economists at the moment. I wonder whether Modi government is eligible to have an economist like Dr Rajan?"

Reacting on the attacks against Rajan, Chidambaram said he will only react if Prime Minister Narendra Modi or Finance Minister Arun Jailey will speak against Rajan. UPA government had made the appointment of one of the best economists in the world on the post of RBI governor".

"We had full confidence in him and still we have it in him", he said.

On the question of having any grievances with Rajan over the rate of interests, Chidambaram said, "UPA government had a better relationship with all the RBI governors. It does not mean that any talk between finance minister and RBI government is a question mark on his capabilities".

"Different person may have different opinion over the economy. In this context the aim of the government happens to be the development whereas the aim of the RBI governor happens to be monetary stability", he added.

The tenure of Rajan is ending in the first week of September this year.

Swamy has recently written to the Prime Minister seeking Rajan's removal from the post. In his letter, Swamy said Rajan's mentality is not Indian. Swamy also slapped allegation that Rajan had leaked sensitive financial information to other countries.




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