From RSS to Swamy to crony capitalists: The entire system ousted Raghuram Rajan
New Delhi, June 21: RBI Governor Raghuram Rajan's announcing that he is not going to take up a second tenure has created quite a repercussion in India and abroad. But who was actually responsible to make Rajan take the decision that left many tasks unfulfilled?
According to a report published in Anandabazaar Patrika, Rajan, whose first tenure is set to end in mid-September, could sense that the government was not keen to continue with him for another term. Beside BJP leader Subramanian Swamy who openly sought Rajan's disaster, the RSS considered the latter an "American agent" and did not want him to stay in India and threaten the 'nationalistic' scheme of things, said the report. [Modi needed to back Rajan, just like Nehru had done for Mahalanobis]
Prime Minister Narendra Modi had never asked Rajan to retreat but a couple of things didn't assure the latter about his future as the RBI governor. First, Modi's remark that Rajan's reappointment shouldn't be of the media's interest gave the message that he did not give the latter a full backing and secondly, a news report that a panel was being made to decide on Rajan's successor also implied that Rajan could have just one term, said the ABP report. ['Raghuram Rajan was no Bollywood actor that he had to depend on PR']
Hence, Rajan took the step himself instead of being at the receiving end.
According
to
the
report,
PM
Modi
and
Union
Finance
Minister
Arun
Jaitley
personally
prefer
Rajan
but
the
Sangh
Parivar's
pressure
was
too
much.
But
above
everything,
Rajan's
free
mind
was
perhaps
not
giving
the
political
leadership
the
comfort
of
working
with
a
loyal
bureaucrat.
On
a
number
of
occasions,
Rajan
had
differences
with
opinion
with
Jaitley
and
the
PMO
over
policy-making
in
financial
matters
and
that
might
have
gone
against
him
at
the
end.
The
crony
capitalists,
too,
were
looking
for
his
ouster.
Rajan's departure, hence, doesn't have one particular reason or individual responsible for it. It was an entire system that made him take the exit route.
Oneindia News