Rajan’s extension shouldn’t be of media’s interest: Modi

SansadTV Bureau
Union Minister for Finance Arun Jaitley with Governor of Reserve Bank of India, Raghuram Rajan at a meeting in New Delhi

Union Minister for Finance Arun Jaitley with Governor of Reserve Bank of India, Raghuram Rajan at a meeting in New Delhi

In his first comments in the wake of continuing attack on the RBI governor, Raghuram Rajan, Prime Minister Narendra Modi said that it is an administrative subject and it should not be an issue of interest of the media.

“I don’t think this administrative subject should be an issue of interest to the media,” Modi said.

In a recent interview given Wall Street Journal the Prime Minister said that Rajan’s tenure extension issue will come up for consideration in September as the governor of central bank completes his term.

Prime Minister was asked, “Do you support the reappointment of Mr Rajan, the central bank governor?”  He said “It will come up only in September.”

As an outspoken RBI Governor, 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 MP Subramanian Swamy has been levelling allegations against Rajan including of sending confidential and sensitive financial information around the world and asked the Prime Minister to sack him immediately.

Swamy also accused the RBO governor of publicly disparaging the Modi government  saying that he is a member of “a US dominated group” that was set up to defend America’s dominant position in the global economy.

Finance Minister Arun Jaitley said RBI and the government are in continuous dialogue and that relationship will continue. Jaitley also said that he does not approve of “personal comments” against anyone including the RBI Governor.