Arun Jaitley says he doesn’t approve of attacks on Raghuram Rajan

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Finance Minister Arun Jaitley on Thursday said that he disapproved attacks on Reserve Bank of India governor Raghuram Rajan.

Rajan has been facing barrage of criticism and even demands of dismissal by BJP MP and Jaitley’s colleague in the Rajya Sabha, Subramanian Swamy.

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The Reserve Bank, Jaitley said, was an important institution which made its own judgement.

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“One can agree or disagree with their judgment, but that’s a debate on issues. But I don’t think we should allow a public discourse where instead of debate on issues we concentrate on debate on persons,” he added.

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Jaitley’s remarks came on the day, Swamy wrote second letter to Prime Minister Narendra Modi demanding immediate dismissal of Rajan.

Swamy has listed six allegations that he said necessitated Dr Rajan’s immediate sacking. Among other things, the BJP lawmaker accused Dr Rajan of raising interest rates to the detriment of small and medium industries and has called it “wilful and thus anti-national in intent”.
In his earlier letter, Swamy had demanded sacking of the RBI Governor alleging that he was “mentally not fully Indian” and has “wilfully” wrecked the economy by keeping interest rate high.

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Dr Rajan’s term comes to end in September and many prominent economists including industrialist, Adi Godrej, have suggested that his term be extended.

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