Rajan should continue to head central bank: Sinha

However, he said “it will be good if a person with knowledge of economics becomes finance minister”.

By: Press Trust of India | New Delhi | Published:May 4, 2014 2:35 am

Senior BJP leader and former finance minister Yashwant Singh on Saturday said Reserve Bank of India Governor Raghuram Rajan is a good economist and should continue in his position.

“If it is in my control, I will continue with him. He is a good economist. Till now he has proven himself as a good Governor and he should continue,” he told Focus TV.

Sinha’s statement comes in the backdrop of speculation that the RBI Governor could be changed if the Narendra Modi-led NDA comes to power after the general elections. Rajan, a career economist, was appointed by the UPA government and assumed charge at the RBI on September 4, 2013.

On noted economists Jagdish Bhagwati and Arvind Panagariya showing interest in playing some role if a Modi-led government is formed, Sinha said, “Both are world-class economists and any kind of help from them will be welcomed.”

Asked who could be the finance minister in an NDA government if the coalition wins, Sinha said it will depend on the Prime Minister. However, he said “it will be good if a person with knowledge of economics becomes finance minister”.

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