RBI Governor Raghuram Rajan Should Be Removed From His Post: BJP MP Swamy

NEW DELHI, May 12:Bharatiya Janata Party RS MP Subramanian Swamy on Thursday said  RBI governor Raghuram Rajan should be removed from his post as he is not fit for the nation.

As per reports Swami's comments came after it was reported that the RBI governor on Wednesday had said foreign banks have stopped opening branches in India as they need to set aside a lot more capital due to the country's 'higher risk' credit rating. Delivering a lecture at Cambridge University, London, the RBI governor also said foreign banks think it is 'not worth' opening banks.

As per reports Swamy said "In my opinion, the RBI governor is not fit for the Nation y. His move to increase the interest rates, so as to cut down inflation and stabilize the economy, has backfired and has badly affected the nation.'



Cross Town News is the no. 1 Weekly Newspaper and Online News Portal in J&K in term of serious News. The rugged Newspaper & Portal is with a substantial difference to read and presence to feel. This newspaper has a vision to deliver the real side of truth to the public . Since it’s inception in 2013 March, It has become No. 1 News medium for people of J&K. Cross Town News has a mission to deliver high quality news across the nation within fraction of time.

Subscribe Now

Subscribe to our weekly Newsletter.