Subramanian Swamy hits out at Raghuram Rajan again

BJP leader Subramanian Swamy also criticised the media of painting Rajan as "some angel" and him as a "devil".

By: PTI | New Delhi | Published:August 7, 2016 5:20 pm
swamy subramanian swamy, modi, narendra modi, raghuram rajan, rajan, rbi, rbi governor, monetary policy, reserve bank of india, india news The Rajya Sabha BJP MP was speaking at a function organised in New Delhi by Virat Hindustan Sangam. (Source: File)

BJP leader Subramanian Swamy on Sunday once again attacked Raghuram Rajan on the monetary policy, over a month after Prime Minister Narendra Modi had disapproved of his criticism of the RBI chief. He also criticised the media of painting Rajan as “some angel” and him as a “devil”.

“In the Raghuram Rajan case, the whole media was motivated by forces outside this country to support him. They said the stock markets will collapse if he goes. The stock markets are not collapsing, it’s gone up in fact.

“He was harming the India economy by raising interest rates and making it impossible for small and medium industries to take loans from the banks,” Swamy alleged.

“…So, it was as if I was some devil, and this man was some angel, who has come from abroad to save us,” he said.

The Rajya Sabha BJP MP was speaking at a function organised in New Delhi by Virat Hindustan Sangam, to recall his political life during the Emergency era. Prime Minister Modi on June 27 had disapproved of Swamy’s attacks on the RBI Governor and some top finance ministry officials, saying they were “inappropriate”.

Swamy has been accusing Rajan over financial policy attracting widespread media attention. Rajan has already said that he will not seek a second term as the RBI Governor.

During his talk, Swamy also alleged that “Two attempts were made on his life while he was abroad during the Emergency, on the order of Sanjay Gandhi.”

However, later when asked what was the basis of his claim, he just said, “It was there in the newspapers of those days.”

The senior BJP leader also claimed that Emergency was not something that was imposed suddenly.

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“Mrs Gandhi had been planning something with the Soviets,” he said.

Swamy also recalled his experiences during the Emergency days and his interactions with social leader Jai Prakash Narayan or ‘JP’ as he is famously known as.

“Freedom within our Constitutional framework cannot be compromised. And, I tell you, the next generation, that your mind is your protection against any emergency,” he said.

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  1. J
    Jitendra
    Aug 7, 2016 at 2:05 pm
    Just ignore the 1/2 brahmin SS.
    Reply
    1. M
      Maniktripathy
      Aug 7, 2016 at 1:57 pm
      Here he goes again and def. he needs some check-up...A stupidity to its core....
      Reply
      1. S
        Sanjay
        Aug 7, 2016 at 5:15 pm
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        Reply
        1. A
          Ajit Das
          Aug 7, 2016 at 12:59 pm
          Whom to believe: PM, the media or Swamy himself? There is something called decency which one should display when the opponent is quitting.
          Reply
          1. A
            Anandan
            Aug 7, 2016 at 3:01 pm
            Let small and medium industries flourish and retirees living on the interest on bank deposit must commit suicide. Let them buy urad dal @220 and toor dal @180/ Hail Chami....
            Reply
            1. P
              PN badri
              Aug 7, 2016 at 12:54 pm
              Considering the flip flop political approach of lobbyist Swamy his criticisms not worthy.
              Reply
              1. G
                GopalB
                Aug 8, 2016 at 5:18 am
                Dr Swamy is free to hold his views and opinion, though it may be contrary to the majority views particularly among the economists , who hold Dr Rajan in high esteem for his scholarship and competence. Dr Rajan certainly does not require a certificate from Dr Swamy. It is certainly not in good taste to engage in public redicule in a one sided way and holding such bias when Dr Rajan has remained silent to such criticism and also now is due to retire and go back. If not some common decency and courtesy , at least a silence would have been golden, unless one seeks to hog some headlines making some controvertial statements now and then .
                Reply
                1. J
                  Jai
                  Aug 7, 2016 at 1:37 pm
                  A central bank governor expressing doubts over the GDP figure in public is not outspokenness but outright anti national . He is spoiling the investment climate.lt;br/gt;lt;br/gt;In china its a death penalty
                  Reply
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