RBI Governor indicates interest in second term; says ‘more to do’

Rajan

Indicating his interest in a second term as RBI Governor, Raghuram Rajan said he has enjoyed every moment of the job but there is “more to do”, despite calls from some sections of the ruling BJP against any extension for him.

“There is a lot of fulfillment from making things actually happen for improving the environment… I have enjoyed every moment of the job,” Raghuram said.

Raghuram, whose current three-year term as the Reserve Bank Governor is ending this September, was asked about the “heat from the BJP and the government” on whether he should be given another term and about the politics happening on this matter.

To another question on whether he felt his agenda as the central banker would remain half-finished if the second term was not granted, Rajan said, “It’s a good question. I think we have accomplished a lot… I think that … I mean, there is always more to do”.

“Senior BJP leader Subramanian Swamy had suggested that Raghuram should be removed from the post of the RBI chief and accused him of being responsible for “unemployment and collapse” of industrial activity.

“In my opinion, the RBI Governor is not appropriate for the country. I don’t want to speak much about him. He has hiked interest rates in the garb of controlling inflation that has damaged the country… The sooner he is sent back to Chicago, the better it would be,” Subramanian Swamy had told reporters outside Parliament.

(Agency)

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