Veerappa Moily hints at 'RSS-lobby' behind Raghuram Rajan's exit

June 19, 2016

Bengaluru, June 19: Blaming the adverse environment created by the BJP-led regime at the Centre for Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to not continue with his current post after the end of his tenure in September, former union minister Veerappa Moily on Saturday hinted at the RSS being involved in the entire matter.M-Veerappa

Moily criticised the saffron outfit for having embarrassed Rajan and said the latter was needed to steer the economy in times of global economic uncertainty.

"The reason is well known to him. But the manner in which some of these BJP leaders, including the commerce minister and one of the important BJP leaders Subramanian Swamy, and also the Nagpur RSS camp was lobbying against him, was the most unpleasant thing that happened in the country," Moily told ANI.

The senior Congress leader further said the present regime did not deserve a person of Rajan's stature to be working with them.

"Under the present regime, they do not deserve a person of his stature. He is a global person. We are endowed to him, he took all steps to keep the inflation down. They shouldn't have embarrassed him. His desire not to continue was compelled because of environment created by the BJP regime," Moily said.

"Under the present (economic) scenario, he was very much desired as he would have definitely taken the economy forward. It's a loss for country's economy," he added.

BJP leader Subramanian Swamy had last month triggered speculation by asking the Centre to deny Rajan a second term, saying his hawkish policies have ruined the Indian economy.

Swamy had in his letter to Prime Minister Narendra Modi accused Rajan of 'harming the nation's economy' and claimed that the latter was acting more as a disrupter of the Indian economy than the person, who wants the Indian economy to improve.

Moily said that Prime Minister Narendra Modi or Finance Minister Arun Jaitley should have made an attempt to curb elements in the BJP levelling false allegations against Rajan, including Swamy.

"The Prime Minister or the Finance Minister should have curbed these elements who are unnecessarily making allegations and charges against Raghuram Rajan," he said.

When asked specifically about Swamy's remarks on Rajan, the senior Congress leader said, "Swamy's allegations are baseless and he doesn't know much about the economy. NDA is out to disrupt economy of the country."

Meanwhile, Swamy welcomed Rajan's decision to leave his post, saying he was not even going to be offered a second term in the first place.

Swamy told ANI that Rajan made this decision in order to save his self respect.

"Was he getting a second term in the first place? How do we know that he was getting a second term? I have no information that he was getting a second term. So if he says he wants to go and wants to save his self respect, I have no problem. Let them pretend that he is giving up and going but as long as he goes, it's good," Swamy said on Saturday.

Earlier today, Rajan announced that he would return to the academic world 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.

"The approaching end of my three-year term and of my leave at the University of Chicago was, therefore, a good time to reflect on how much we had accomplished. I am confident my successor will take us to new heights with your help. I will still be working with you for the next couple of months, but let me thank all of you in the RBI family in advance for your dedicated work and unflinching support. It has been a fantastic journey together!" the statement said.

Comments

KhasaiKhaane
 - 
Monday, 20 Jun 2016

Guys, Chaiwala is a PM... now he will obviously try to appease his colleagues - Dhoodwala, Subziwala, Golgappe wala, Kinarewala,...
and not to forget - PanWala (Rajnath Singh)

MMS - \#MoNa becoming PM will be the biggest disaster for the country\"
Now we know why and we will see more..!"

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News Network
April 23,2020

Mangaluru, Apr 23: The scarcity of water in Kukkavu area of Belthangady town in Dakshina Kannada district has forced school-going children to dig a well with their hands.
The children studying in primary schools were seen lifting the heavy buckets of water from the well.

The residents were facing the water shortage from the past couple of days, amid the coronavirus lockdown.
A group of five adolescents managed to dug the well as deep as 12 feet within just a span of four days.

" We are facing water problem now. With the support of my five more friends, we dug this well. At the beginning we just found soil, then in the deeper layers, we also found stones. We got access to the water at 10 feet down," said Dhanush, a class 9th student, while speaking to news agency.

The shortage of water during the summer months is a perennial problem in across several states in India, and the growing population has only added to the woes.

In extreme conditions, poor have to draw water from small water holes.

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February 21,2020

Bengaluru, Feb 21: Historian Ramachandra Guha on Thursday refuted Karnataka home minister Basavaraj Bommai's claim that the latter had apologised for police allegedly manhandling him during an anti-CAA protest in the city, saying he received no such call or apology.

The writer further said even if such an apology had been offered, he would have rejected it.

"The Home Minister of Karnataka has claimed on the floor of the State Assembly that he apologised to me by phone for the manhandling by the Bengaluru police on 19th December 2019. This is false.

I received no such call or apology," Guha tweeted.

"Even if such an apology had been offered, I would have rejected it.

The imposition of Section 144 was illegal (as the Karnataka High Court has since held) and I was proud to be one of thousands of peaceful protesters who defied the States arbitrary action on that day," he said in another tweet.

During his reply to the debate on law and order situation in the state, Bommai on Wednesday claimed that he had apologised to Guha.

The minister was apologising to senior Congress MLA and former Speaker K R Ramesh Kumar for police serving him notice and detaining him along with others at Mangaluru airport in December for trying to enter the city despite restrictions following violence there.

Stating that anti-CAA protests have taken place peacefully across the state, he had said, there might have been minor discrepancies, like that with historian Ramachandra Guha, being manhandled during a protest.

"I have called and apologised to him," he had said.

Guha was detained on December 19 for staging a demonstration against the Citizenship Amendment Act and National Register of Citizens at the Town Hall here, in defiance of the prohibitory orders imposed in the city.

He was taken away by police personnel and led to a police vehicle parked nearby.

Leader of Opposition in the assembly and former chief minister Siddaramaiah said Bommai has committed a "perjury" in the House, and asked him to apologise to people and Guha in front of media.

"Bommai has committed a perjury on the floor of the House. It answers the question of where @BJP4India workers derive their motivation to spread fake news.

Bommai has insulted the people whom he represents," he tweeted and demanded that he apologize to people and Guha.

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April 24,2020

Bengaluru, Apr 24: Karnataka Chief Minister BS Yediyurappa on Thursday held a meeting with state officials to address the situation in the wake of COVID-19 pandemic.

Due to COVID-19, the prices of the crops have come down. It was instructed to buy those vegetables and keep them in cold storage and then sell. It was also instructed to export fruits, vegetables which cannot be kept for a long time to other states and countries.

Wherever there is a scarcity of drinking water, it was decided to supply water immediately.
Chief Minister Yediyurappa had earlier spoken to Union Minister Sadananda Gowda and took information regarding fertilisers.

As fertilisers' demand is less in the international market, the Union minister for fertilisers said that farmers will be given fertilisers at less than the actual price.

As some of the associations/guilds have violated the lease conditions by not starting the actual work which they have got the land for in Bengaluru, they have been instructed to return the land to the government where the lease conditions have been violated.

As far as the irrigation department is concerned, much water is stored in dams. It was decided to utilise the same for the cultivation of crops and for the purpose of drinking.

As far as the education department is concerned, it was instructed to give online training to students.

With the help of state television channel Doordarshan, it has been decided to teach students about the syllabus and other activities till the reopening of school.

The KSRTC has lost hundreds of crore due to the reduction in bus services due to COVID-19. So, they were instructed to use buses to transport goods to generate revenue.

The government also decided that salary for the doctors, who are working on a contract basis against COVID-19, will be increased significantly.

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