1. Why is Narendra Modi silent on attacks on RBI governor Raghuram Rajan: Congress

Why is Narendra Modi silent on attacks on RBI governor Raghuram Rajan: Congress

The Congress on Wednesday said the demand for RBI Governor Raghuram Rajan's removal could be connected with the central bank's stand on disclosure of names of all willful loan defaulters and questioned the prime minister's silence on the issue.

By: | Published: May 18, 2016 10:40 PM

The Congress on Wednesday said the demand for RBI Governor Raghuram Rajan’s removal could be connected with the central bank’s stand on disclosure of names of all willful loan defaulters and questioned the prime minister’s silence on the issue.

“Does the attack have to do with the drive to get public sector banks to declare the quantum of non-performing assets so that the extent of the rot can be exposed,” Congress spokesperson Manish Tewari said.

“… an institutional decision has been taken to hound out the Reserve Bank of India’s governor. Why is the prime minister silent? Why has Narendra Modi not come out and spoken on the attack on the governor of the central bank; that is unprecedented.”

Earlier this week, BJP’s newly nominated Rajya Sabha member Subramanian Swamy urged Prime Minister Narendra Modi to remove Rajan with immediate effect, saying “he is mentally not fully Indian”.

The Congress leader said that the government’s silence on the matter is deafening.

“There is an obvious complicity in that silence. Or there could be another angle: While somebody is taking aim at the RBI governor, the real target could be the finance minister (Arun Jaitley).”

“The attack on RBI governor is not an attack on an individual. It is perhaps the most vicious assault on institutional mechanism in India in the last 67 years. No country can function without institutions,” he added.

  1. K
    Krishna Karmakar
    May 19, 2016 at 2:23 am
    Another hack to question PM Modi's silence on some inconsequential matter. There is a concerted effort to ensure another term for the present RBI Governor and this is being done by presumably by the Press Relations Officer Alpana Kilawala who draws more monthly wages than the RBI Governor.Too much importance is being given for a person who talks out-of-turn and is out of tune with what the country wants. If he is that good a Professor of Economics, apart from some doomsday predictions, I fail to appreciate his greatness or eminence and having had his fun for 3 years, let some other person who understands something of banking, have his turn. If the great achievements of this inbent can be enumerated maybe there will be public sympathy for the continuance. Just PRO work is not going to ensure his continuance . In fact he should learn to be silent like Modi and continue to strengthen the banking industry which is in doldrums. Maybe eConomists do not understand banking.
    Reply
    1. K
      Krishna
      May 19, 2016 at 2:24 am
      Don't worry Congress, there will be a new governor soon who will supply all information to Enforcement Directorate (ED) on Aircel-Maxis scam.
      Reply
      1. M
        MKS dri
        May 19, 2016 at 2:10 am
        This is better that removal of heads of all important agencies once Congress took over in the earlier times!!!
        Reply
        1. V
          Vivek
          May 18, 2016 at 6:22 pm
          The puppet-master never speaks, didn't you know?
          Reply
          1. M
            murty
            May 19, 2016 at 11:46 am
            It is high time congress concentrate on their seats and states than talking nonsense.they have done enough tamas a with their chances like aap and so called secularists during last 2yeuars.now let them go and work for people rather than chamchafying madam day and night.
            Reply
            1. H
              Haider
              May 19, 2016 at 2:20 am
              He has been silent for while,He only speaks when it is convenient and suits him.
              Reply
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