Change RBI Governor, Swamy tells PM

June 27, 2014 11:11 pm | Updated 11:11 pm IST - CHENNAI:

Former Union Minister and BJP leader Subramanian Swamy has asked Prime Minister Narendra Modi to replace RBI Governor Raghuram Rajan for his “wrong policies”.

In a letter to the Prime Minister, Mr. Swamy has enclosed a copy of a letter from former Supreme Court judge Justice B.N. Srikrishna, which he says is an indictment of the RBI governor for his wrong policies.

He also pointed out that it sends a wrong message about the NDA government that persons like Dr. Rajan would continue to be Governor of the RBI on the grounds that he is qualified as if “there are no patriotic Indians who are at least or more qualified than him”.

“I had hoped that upon our Government taking office... [Rajan] would be replaced and in his place someone more highly qualified and patriotic such as Dr. R Vaidhyanathan, Professor of Finance, Indian Institute of Management, Bangalore, would be appointed in his place,” the letter says.

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