Letters to the editor

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Published: May 28, 2016 1:11:53 AM

The Rajan controversy

The Rajan controversy
Apropos of the report “Amid Swamy offensive, Rajan meets PM, FM” (FE, May 27), it is ironical that the matter pertaining to grant of a second term to the incumbent RBI Governor, Dr Raghuram G Rajan, is so hot a matter for the national media. One fails to see any rationale behind so widely raking up this non-issue at this pre-mature stage—his current term is due to expire only on September 4. In fact, the credit for igniting the ongoing debate about Rajan’s future at RBI goes to BJP leader and Rajya Sabha  member Subramanian Swamy for vehemently keeping the pot boiling by writing two letters in succession to PM Narendra Modi seeking Rajan’s removal at the earliest. Swamy launched a broadside against Rajan for reasons best known to him. It seems that all these remarks might have truly prompted him (Rajan) to first meet the PM and later the FM to air his grievances at the highest level in the government. Needless to say, Rajan need not be cowed down by the sustained attack of Swamy.  In fact, he should take the bull by the horn and call out Swamy’s self-serving bluff. And, in no case, should he put in his papers before his term expires even if he is asked to do so by the government if it eventually bows before the pressure of Swamy.
Kumar Gupt
Panchkula (Haryana)

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