A DAY after BJP leader Subramanian Swamy demanded sacking of Reserve Bank of India governor Raghuram Rajan, the Congress Wednesday called it the “worst form of fascism”. The party also asked whether the attack on Rajan was a result of his opinion that names of all willful defaulters should be made public, and that public sector banks should declare the quantum and extent of their non-performing assets (NPAs).
Congress spokesperson Manish Tewari wondered whether the real target of Swamy’s attack on the RBI governor was Finance Minister Arun Jaitley.
“The attack on the RBI governor is not an attack on the individual. It is an attack on the institution,” Tewari said.
“The message is that if you do not play ball with us, if you do not play in tandem with us, then we will haunt you, we will come after you. And the intention is very simple: that if you are a self-respecting man, you will possibly put in your papers and go, and then we will be saved of the embarrassment of having to not renew your job… This is the worst form of fascism, and the oldest trick in the fascist book,” he said.
Tewari said the real question is the motive behind Swamy’s decision to censure Rajan. “Does this attack on the RBI governor have something to do with the change in RBI’s position that names of all willful defaulters should be made public? Does the attack on the RBI have something to do with the drive to get public sector banks to declare the quantum and extent of their NPAs? To get all their NPAs on their balance sheet so that the extent of the rot can be exposed?”
The Congress leader also asked, “Is it worrying some very, very important crony capitalists in the country, and their benefactors in the government, that an institutional decision has been taken to haunt the RBI governor? Why is the Prime Minister silent?” Calling it “perhaps the most vicious assault on institutional mechanism” of the country, Tewari said, “No country can function without its institutions.”
Asked how he is linking the government with Swamy’s remarks, Tewari said, “Well, the silence of the government is deafening. There is obvious complexity in that silence. Or there could be another angle to it. And the angle is that while somebody is taking aim at the governor of RBI, the real target could be the Finance Minister.”
The NDA government has exhibited its willingness to demolish institutions, Tewari said, claiming that it had demolished the Planning Commission, Central Board of Film Certification, FTII and Jawaharlal Nehru University.