Skip to main content

Modi a mediocre leader, efficient in riots, economic adviser Subramanian had told US: BJP hardliner Swamy

Arvind Subramanian
By Our Representative
Close on the heels of the appointment of Urjit Patel, formerly with International Monetary Fund (IMF) and Reliance Industries Ltd, as the new Reserve Bank of India (RBI) governor, hardline BJP leader Subramaniam Swamy has stepped up his attack on Arvind Subramanian, chief economic adviser (CEA) of the Ministry of Finance, Government of India.
Swamy, who controversially criticized outgoing RBI governor Raghuram Rajan's alleged allegiance to the US being a green card holder, tweeted on Sunday that Subramanian called Prime Minister Narendra Modi “a mediocre leader, efficient in riots” and “asked the US to grill India in World Trade Organization for drub companies market access.”
Ending with the exclamation mark “tolerance!”, Swamy's tweet is followed by his supporters wondering as to why was Subramanian appointed CEA when he had “appealed to the US to initiate disputes against India before the WTO”. Another tweeted, “It's okay if he berated an individual not if he acted against Indian interests.” A third one called Subramanian a “US infiltrator”.
Others wondered why “blame Jaichands when they are being given a free run with open eyes rather than being nipped in the bud”, warning, this type of “tolerance” would “lead to intolerance by people in 2019”, so it would be “better to throw out” Union Finance Minister Arun Jaitley, the man who supposedly brought in Subramaniam “before people throw-out BJP”, and that Modi “blindly trusts Jaitley” or is “being blackmailed.”
Urjit Patel
This is the second time Swamy has attacked Subramanian. He had tweeted on June 22, “Who said to US Congress on March 13, 2013, the US should act against India to defend US pharmaceuticals interests? Arvind Subramaniam! Sack him!!”
Interestingly, Urjit Patel – known for long to be a protagonist of his predecessor Rajan – was spared of any criticism from Swamy, who said it would be “idiotic” to attack the new appointee. Swamy is known to have be in the front rank of those who attacked Rajan, who is has spoken out loudly against the atmosphere of “intolerance” in India under Modi.
Meanwhile, top British weekly “The Economist” August 20, 2016 has commented that Modi's decision to appoint Patel as RBI was “belated”, pointing out that appointment came “nine weeks after Rajan, the respected incumbent, surprised everyone by announcing he wouldn’t stay on the job for a second term.”
Saying that Patel, who was appointed as one of four RBI deputy governors by the previous UPA government in 2013, “The Economist notes, “Patel is thought to be of similar ilk to his current boss”, which should be “reassuring for investors”, who are “still baffled as to why Rajan, a former IMF chief economist with a good record as head of the RBI, was effectively sacked by Modi.”
The weekly says, “Patel’s remit at the RBI has been to help shape monetary policy”, adding “The newish inflation-targeting framework, which has been successful in stemming rising prices (helped by outside factors such as falling oil prices), is as much his as Rajan’s.”
It further comments, “Though he lacks the stature of Rajan, which probably helped fend off inevitable calls for lower interest-rates from ministers and industrialists, Patel is seen as just as hawkish as the outgoing governor. His appointment should alleviate fears that Rajan's exit was a ploy by Modi to hobble a fiercely independent central bank.”
Wondering, however, whether Patel “keeps the same amount of pressure on the banks” as Rajan did, wich would be “a vital test of the early stages of his three-year mandate” as new RBI governor, “The Economic” concludes, “Many hope the new governor will simply be a clone of the incumbent. But that would raise questions as to why Modi didn’t just stick with the original.”

Comments

fazal said…
This guy Suwarmanian Swamy lives up all the time to the acronym - BJP: Barking Jokers Party, a barking Joker in it indeed. poopmocnin(read reverse)was never been proved right. Just dikless impotent invented manufactured imaginations farted from mouth and speak from the fart place.

TRENDING

'Draconian' Kerala health law follows WHO diktat: Govt readies to take harsh measures

By Dr Maya Valecha*  The Governor of Kerala has signed the Kerala Public Health Bill, which essentially reverses the people’s campaign in healthcare services in Kerala for decentralisation. The campaign had led to relinquishing of state powers in 1996, resulting in improvement of health parameters in Kerala. Instead, now, enforcement of law through the exercise of power, fines, etc., and the implementation of protocol during the pandemic, are considered of prime importance.

Reject WHO's 'draconian' amendments on pandemic: Citizens to Union Health Minister

By Our Representative  Several concerned Indian citizens have written to the Union Health Minister to reject amendments to the International Health Regulations (IHR) of the World Health Organization (WHO) adopted during the 75th World Health Assembly (WHA75) in May 2022, apprehending this will make the signatories surrender their autonomy to the “unelected, unaccountable and the whimsical WHO in case of any future ‘pandemics’.”

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah*   The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual. 

Bihar rural women entrepreneurs witness 50% surge in awareness about renewal energy

By Mignonne Dsouza*  An endline survey conducted under the Bolega Bihar initiative revealed a significant increase in awareness of renewable energy among women, rising from 25% to 76% in Nalanda and Gaya. Renu Kumari, a 34-year-old entrepreneur from Nalanda, Bihar, operates a village eatery that serves as the primary source of income for her family, including her husband and five children. However, a significant portion of her profits was being directed toward covering monthly electricity expenses that usually reach Rs 2,000. 

Work with Rajasthan's camel herders: German scientist wins World Cookbook Award 2023

By Rosamma Thomas*  Gourmand World Cookbook Awards are the only awards for international food culture. This year, German scientist  Ilse Kohler Rollefson , founder of Camel Charisma, the first of India’s camel dairies, in Pali district of Rajasthan, won the award for her work with camel herders in Rajasthan, and for preparing for the UN International Year of Camelids, 2024. 

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

Why is electricity tariff going up in India? Who is the beneficiary? A random reflection

By Thomas Franco*  Union Ministry of Power has used its power under Section 11 of the Electricity Act, 2003 to force States to import coal which has led to an increase in the cost of electricity production and every consumer is paying a higher tariff. In India, almost everybody from farmers to MSMEs are consumers of electricity.

'Pro-corporate agenda': Odisha crackdown on tribal slum dwellers fighting for land rights

By Our Representative  The civil rights network Campaign Against State Repression (CASR), even as condemning what it calls “brutal repression” on the Adivasi slum dwellers of Salia Sahi in Bhubaneshwar by the Odisha police, has said that the crackdown was against the tribals struggling for land rights in order to “stop the attempts at land-grab by the government.”

Deplorable, influential sections 'still believe' burning coal is essential indefinitely

By Shankar Sharma*  Some of the recent developments in the power sector, as some  recent news items show, should be of massive relevance/ interest to our policy makers in India. Assuming that our authorities are officially mandated/ committed to maintain a holistic approach to the overall welfare of all sections of our society, including the flora, fauna and general environment, these developments/ experiences from different parts of the globe should be clear pointers to the sustainable energy pathways for our people.

Hazrat Aisha’s age was 16, not 6: 'Weak' Hadith responsible for controversy

Sacred chamber where Prophet and Aisha used to live By Dr Mike Ghouse* Muslims must take the responsibility to end the age-old controversy about Hazrat Aisha’s age at the time of her marriage to the Prophet (pbuh) – it was 16, not 6 (minimum was 16, Max 23 per different calculations). The Hadiths published were in good faith, but no one ever checked their authenticity, and they kept passing on from scholar to scholar and book to book.  Thanks to 9/11, Muslims have started questioning and correcting the Hadiths, Seerah, and mistranslations of the Quran. Now, the Ulema have to issue an opinion, also known as Fatwa, to end it and remove those Hadith entries. Mustafa Akyol, a scholar of Islam, implores Muslims to stop deifying “the received traditions” and critically study their religious past, shedding rigid legalism and close-mindedness. Someone else used the phrase “copycat Muslims” to identify scholars who copied what was given to them and passed it on without researching or questioni