December 19, 2024 02:47 (IST)
Follow us:
Raghuram Rajan refuses to speculate on his reappointment
Mumbai, Jun 7 (IBNS): RBI governor, Raghuram Rajan, on the sidelines of the press conference regarding the monetary policy review, on Tuesday, said that he did not want to spoil the fun the media is having speculating about his reappointment by the Union government.
"It would be cruel of me to spoil all the fun the press is having," said Rajan reading out from a written statement.
I’m intrigued by all the letters I’m supposed to have written,” he said.
Rajya Sabha member Subramanian Swamy had written to the Prime Minister, seeking immediate removal of the Governor from his post, the media had reported.
Rajan pointed out, "the decision is reached after detailed discussion between the government and the incumbent. I cannot do better than point you to the statements made by the finance minister and the prime minister."
Days before the monetary review presentation, Union Finance Minister Arun Jaitley had refused to discuss the reappointment and said a decision will be taken when the time arrives, media reported.
Rajan's current tenure ends in September.
Also, the second monetary policy review presented on Tuesday by Raghuram Rajan is likely to be the last such presentation by any RBI governor if the new arrangement -- where a six-member monetary policy committee will decide on the rate-setting -- is implemented from the next policy in August, according to media reports.
The bill to set up a monetary policy committee has been approved by parliament, reported NDTV. A six-member monetary policy committee will set interest rates - three members will be nominated by the government and three by the RBI. The governor will have a casting vote.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
New Parliamentary Committee on 'One Nation One Election' to have Anurag Thakur, Priyanka Gandhi
Wed, Dec 18 2024
PM Modi condoles loss of lives in Mumbai boat mishap
Wed, Dec 18 2024
13 killed as Navy speedboat collides with ferry near Mumbai
Wed, Dec 18 2024
My quitting won't help Congress: Amit Shah on resignation demands amid Ambedkar row
Wed, Dec 18 2024
Indian PM Narendra Modi to visit Kuwait this weekend
Wed, Dec 18 2024