RBI Governor Raghuram Rajan, in a letter to RBI employees on Saturday, said that he would go back to Chicago to continue his academic career after completion of his three-year term as central bank chief on September 4.
Here are some reactions from politicians on the news:
BJP MP Subramanian Swamy
BJP MP Subramanian Swamy, who ran a tirade against RBI Governor Raghuram Rajan, on Saturday said the Reserve Bank head is a government employee and is not selected on the basis of popular vote.
“Raghuram Rajan is an employee of the Government of India. We don’t select employees on the basis of popular vote,” he said, reacting to > Mr. Rajan’s decision not to take a second term .
In a series of letters to Prime Minister Narendra Modi, >Mr. Swamy had demanded dismissal of Mr. Rajan , arguing that he is not “fully mentally Indian” and had been sending confidential and sensitive financial information around the world.
Senior Congress leader P Chidambaram
“I am disappointed and profoundly saddened by the decision of Dr Raghuram Rajan to leave the RBI on completion of his term on September 4, 2016, but I hasten to add that I am not surprised at all,” said Senior Congress leader P. Chidambaram.
He further added, “As I had said sometime ago, this government did not deserve Dr Rajan. Nevertheless, India is the loser.”
Finance Minister Arun Jaitley
Government appreciates good work done by RBI Governor Raghuram Rajan and respects his decision, said Finance Minister Arun Jaitley.
He further added, “a decision on his successor would be announced shortly.”
Dr. Arvind Mayaram, former Finance Secretary
Raghuram Rajan's decision not to seek second term would be very costly for the eco. Not a good omen, tweeted Dr. Arvind Mayaram.
Raghuram Rajan's decision not to seek second term would be very costly for the eco. Not a good omen.
— Dr Arvind Mayaram (@MayaramArvind) >June 18, 2016
