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

Telangana govt proposes to give unfettered powers to forest officials, 'help' corporates

By Dr Palla Trinadha Rao*
The Telangana Government is contemplating to replace the Telangana Forest Act 1967 with a new law - the Telangana Forest Act (TFA) 2019, trampling the rights of adivasis ensured under the Scheduled Tribes and other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 (FRA Act 2006) and Panchayats Extension to Schedule Area (PESA) Act 1996 both of which are central acts.

RSS, Hindu Mahasabha were 'subservient' to British masters: Nagpur varsity VC told

Counterview Desk
Well-known political scientist Shamsul Islam, associate professor (retired), University of Delhi, in an open letter to the vice-chancellor of the Rashtrasant Tukadoji Maharaj Nagpur University, Dr Siddharthavinayaka P Kane, has taken strong exception to the varsity decision to include RSS’ “role” in nation building in the syllabus of the BA (history) course, citing instances to say that the RSS ever since its birth in 1925 with its Hindutva allies like Hindu Mahasabha led by VD Savarkar worked overtime to “betray the glorious anti-colonial freedom struggle”.

British companies export 'deadly' asbestos to India, other countries from offshore offices

By Rajiv Shah
“The Sunday Times”, which forms part of the powerful British daily, “The Times”, has raised the alarm that though the “deadly” asbestos is banned in Britain, companies registered in United Kingdom, and operating from other countries, “are involved in shipping it to developing nations”, especially India. India, Brazil, Russia and China account for almost 80% of the asbestos consumed globally every year, it adds.

One lakh schools closed down, draft policy 'seeks' commercialisation: Whither RTE?

By Our Representative
A national consultation on the new draft National Education Policy (NEP) with senior experts, teachers’ association representatives and other stakeholders at the India International Centre in New Delhi on July 11, organised by the Right to Education (RTE) Forum, has expressed serious concern over curtailment in the budgeted expenditure on education year after year, even as closure of more than one lakh schools over the "last few years."

Beijing-based infrastructure bank 'funding' India's environmentally risky projects

By Our Representative
A new civil society note has questioned the operations of the Beijing-based Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region, seeking to fund projects in India through the Government of India’s National Infrastructure Investment Fund (NIIF), calling it “a risky venture”.

Gender budgeting? Govt of India allocates just 2.1%, 0.73% for SC, ST women

By Rajiv Shah
The National Campaign on Dalit Human Rights (NCDHR), one of the most influential all-India Dalit rights networks, has taken strong exception to the manner in which the Government of India has undermined Gender Responsive Budgeting in the Union Budget 2019-20 for scheduled castes (SCs) and scheduled tribes (STs), pointing towards “wide gaps” between the goals and the situational reality of “the Dalit and Adivasi women on the ground.”

Universal healthcare? India lacks provisions to 'fight' non-communicable diseases

By Moin Qazi*
Universal health coverage (UHC) -- ensuring that all people receive proper and adequate health care without suffering financial hardship -- is an integral part of achieving the Sustainable Development Goals. It enables countries to make the most of their strongest asset: human capital.

Include all workers exposed to silica dust in anti-TB programme: Govt of India told

Counterview Desk
In a letter, sponsored by well-known civil rights organization, Occupational & Environmental Health Network of India and signed by more than 60 professionals and activists*, Dr Harsh Vardhan, Union Minister of Health and Family Welfare, Government of India, has been told that Indian policy makers shouldn't just acknowledge higher TB risk to mine and stone crusher workers, but also “other silica-exposed workers”.

Polygamy in India "down" in 45 yrs: Muslims' from 5.7 to 2.55%, Hindus' 5.8 to 1.77%, "common" in SCs, STs

By Rajiv Shah
Amidst All India Muslim Personal Law Board (AIMPLB) justifying polygamy, saying it “meets social and moral needs and the provision for it stems from concern and sympathy for women”, facts suggest the the practice is down from 5.7 per cent of Muslim families in 1961 to 2.55 per cent in 2006.

Mental health: India's 95% patients "deprived" of medical care, treatment gap 70%

By Moin Qazi*
Among the many challenges India faces, the most underappreciated is the ongoing mental health crisis. Mental illness is actually India’s ticking bomb. An estimated 56 million Indians suffer from depression, and 38 million from anxiety disorders. For those who suffer from mental illness, life can seem like a terrible prison from which there is no hope of escape; they are left forlorn and abandoned, stigmatized, shunned and misunderstood.