1. Raghuram Rajan’s term mischievously interrupted: P Chidambaram

Raghuram Rajan’s term mischievously interrupted: P Chidambaram

Former Union Finance Minister P. Chidambaram on Thursday hinted that the outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan not seeking another term was due to the "mischievous interruption" by the government.

By: | New Delhi | Published: August 11, 2016 10:32 PM
Raghuram Rajan, P Chidambaram, Narendra Modi, Modi government, RBI Governor, NDA government

P Chidambaram said D Subbarao’s term as the RBI Governor was extended despite tension between them, as stated in the book. (PTI)

Former Union Finance Minister P. Chidambaram on Thursday hinted that the outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan not seeking another term was due to the “mischievous interruption” by the government.

“As per the convention, the extension of the RBI Governor’s term is only a formality. But it has been mischievously interrupted,” Chidambaram said.

He was speaking at the book launch of ‘Who Moved My Interest Rates?’, written by former RBI Governor D. Subbarao.

P Chidambaram said D Subbarao’s term as the RBI Governor was extended despite tension between them, as stated in the book.

“But now there is no tension between the government (NDA) and the RBI Governor (Rajan) but his term was not extended,” he added.

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  1. P
    PURUSHOTTAM
    Aug 11, 2016 at 11:54 pm
    What he means is BJP should not be so shameless because behaving in such a fashion is the violation of monopoly of the Congress- especially Maunmohansing and Chidambaram who honestly believe that this is a unloyal act directed against the Their Majestees of India and England and world Bank, USA, NATO and shameless Modi has no respect for them. The poor man, however, can't fight and win any village panchayat election even, so he is helpless. Such a genius man with the vision of the world does not know what is happening in his family, town, state and the nation.
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