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With Raghuram Rajan out of the picture, Subramanian Swamy announces next target

News Agencies | Updated on: 11 February 2017, 6:42 IST

With Raghuram Rajan announcing his decision to leave his post as the Reserve Bank of India (RBI) Governor on the completion of his term, Bharatiya Janata Party (BJP) leader Subramanian Swamy, who had actively sought Rajan's dismissal, said today that his next 'project' is to expose a group of bureaucrats loyal to Congress chief Sonia Gandhi

"My next project is to expose 27 bureaucrats who are in various Ministries and loyal to TDK. They were handpicked and positioned by PC," Swamy said in a tweet.

Swamy, who yesterday welcomed Rajan's decision, had said that he did not understand the fuss about the RBI Governor's announcement to leave his post at the end of the term, as he was not even getting a second term in the first place.

Swamy said that Rajan made this decision in order to save his self-respect.

"Was he getting a second term in the first place? How do we know that he was getting a second term? I have no information that he was getting a second term. So if he says he wants to go and wants to save his self-respect, I have no problem. Let them pretend that he is giving up and going but as long as he goes, it's good," Swamy said.

Swamy had written to Prime Minister Narendra Modi in May asking for the dismissal of the Reserve Bank of India governor.

Meanwhile, Finance Minister Arun Jaitley asserted that Centre respects Rajan's decision and also appreciated the 'good work' done by him, adding that his successor would be announced 'shortly'.

"Dr Raghuram Rajan has announced his intention to go back to academics at the end of his current assignment. The Government appreciates the good work done by him and respects his decision. A decision on his successor would be announced shortly," Jaitley said on his Facebook page.

However, former home minister P Chidambaram stated that this was clearly India's loss and lashed out at the Centre for inviting this development.

"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," Chidambaram said in a statement.

Slamming the Bharatiya Janata Party (BJP)-led Centre for being responsible for this development, he added that it was the 'craftily planned campaign of insinuations, baseless allegations and puerile attacks on a distinguished academic and economist' which led to Rajan's announcement.

Yesterday, Rajan announced that he would return to the academic world at the end of his term on 4 September 2016, adding he will always be available to serve his country when needed and asserted that his 'successor' would take the nation to new heights.

Rajan is currently on leave from the Chicago Booth School of Business where he holds the post of Distinguished Service Professor of Finance.

"The approaching end of my three-year term and of my leave at the University of Chicago was, therefore, a good time to reflect on how much we had accomplished. I am confident my successor will take us to new heights with your help. I will still be working with you for the next couple of months, but let me thank all of you in the RBI family in advance for your dedicated work and unflinching support. It has been a fantastic journey together!" the statement said.


First published: 19 June 2016, 10:04 IST