New Delhi: BJP’s firebrand leader Subramanian Swamy has fired a fresh salvo at the outgoing RBI Governor, Raghuram Rajan, claiming that he had no degree in economics.
Expressing his approval over the selection of Urjit Patel as the new Reserve Bank of India Governor, Swamy said that he has high hopes from Rajan`s successor.
ANI quoted Swamy as saying that Patel was Rajan`s deputy for many years, which is why his next post should not feel new to him.
“He (Patel) has a PhD in economics and a degree from Yale, Raghuram Rajan had no degree in economics. After engineering, he did management. He did not have the general equilibrium regarding economics. Urjit Patel has been the deputy governor for so many years now, so this will not be new for him. I have high hopes from him,” Swamy said.
Rajan announced that he would return to academia at the end of his term on September 4, 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.
Swamy, who has been one of the chief critics of Rajan, welcomed the latter`s decision and said that he was not even getting a second term in the first place.
Swamy also told ANI that Rajan made this decision to save his self respect.
Finance Minister Arun Jaitley said that the Centre respected Rajan`s decision and appreciated the `good work` done by him.
Patel`s appointment had been made on the recommendation of the Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary Pradeep Kumar Sinha.
The committee undertook an extensive exercise to suggest a panel of names to the appointment committee of cabinet (ACC).He will be the eighth Deputy Governor to be made RBI Governor.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
CRATES TO CLASSROOMS: JAGUAR LAND ROVER MAKES 700 SCHOOL DESKS FOR CHILDREN IN RURAL INDIA
Accutest Biologics gets global Honour, India’s First Standalone Facility gears up to leverage growing global drug demand
Digit SQUAD Tech Day hosts the biggest tech influencers gathering in India
Hot Muggs launches `India Heritage’ traditional drinkware range with a twist
Subvention Schemes Ban – Only 8% of Total 280 Housing Projects Launched in Q2 2019 Affected
2014 The Global Indian New Network (TGINN)