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

Importance of Bangladesh for India amidst 'growing might' of China in South Asia

By Samara Ashrat*  The basic key factor behind the geopolitical importance of Bangladesh is its geographical location. The country shares land borders with Myanmar and India. Due to its geographical position, Bangladesh is a natural link between South Asia and Southeast Asia.  The country is also a vital geopolitical ally to India, in that it has the potential to facilitate greater integration between Northeast India and Mainland India. Not only that, due to its open access to the Bay of Bengal, Bangladesh has become significant to both China and the US.

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.

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

'BBC film shows only tip of iceberg': Sanjiv Bhatt's daughter speaks at top US press club

By Our Representative   The United States' premier journalists' organisation, the National Press Club (NPC), has come down heavily on Prime Minister Narendra Modi for recent "attacks on journalists in India." Speaking at the screening of an episode of the BBC documentary “India: The Modi Question,” banned in India, in the club premises, NPC President Eileen O’Reilly said, “Since Modi came to power we have watched with frustration and disappointment as his regime has suppressed the rights of its citizens to a free and independent news media."

Chinese pressure? Left stateless, Rohingya crisis result of Myanmar citizenship law

By Dr Shakuntala Bhabani*  A 22-member team of Myanmar immigration officials visited Rohingya refugee camps in Cox's Bazar to verify more than 400 Rohingya refugees as part of a pilot repatriation project. Does it hold out any hope for the forcibly displaced people to return to their ancestral homes in the Rakhine state of Myanmar? Only time will tell.

Unlike other revolutionaries, Hindutva icon wrote 5 mercy petitions to British masters

By Shamsul Islam*  The Hindutva icon VD Savarkar of the RSS-BJP rulers of India submitted not one, two,or three but five mercy petitions to the British masters! Savarkarites argue: “There are no evidences to prove that Savarkar collaborated with the British for his release from jail. In fact, his appeal for release was a ruse. He was well aware of the political developments outside and wanted to be part of it. So he kept requesting for his release. But the British authorities did not trust him a bit” (YD Phadke, ‘A complex Hero’, "The Indian Expres"s, August 31, 2004)

China ties up with India, Bangladesh to repatriate Rohingyas; Myanmar unwilling

By Harunur Rasid*  We now have a new hope, thanks to news reports that were published in the Bangladeshi dailies recently. Myanmar has suddenly taken initiatives to repatriate Rohingyas. As part of this initiative, diplomats from eight countries posted in Yangon were flown to Rakhine last week. Among them were diplomats from Bangladesh, India and China.

40,000 Odisha adolescent girls ask CM: Why is scheme to fight malnutrition on paper?

By Our Representative  In unique a postcard campaign to combat malnutrition, aimed at providing dietary diversity, considered crucial during adolescence, especially among girls, signed by about 40,000 adolescent girls from over 10,000 villages, have reminded Odisha chief minister Naveen Patnaik that his government's Scheme for Adolescent Girls (SAG), which converged with Pradhan Mantri Poshan Shakti Nirman  ( POSHAN ) 2.0 in 2021, is not being implemented in the State.

Natural farming: Hamirpur leads the way to 'huge improvement' in nutrition, livelihood

By Bharat Dogra*  Santosh is a dedicated farmer who along with his wife Chunni Devi worked very hard in recent months to convert a small patch of unproductive land into a lush green, multi-layer vegetable garden. This has ensured year-round supply of organically grown vegetables to his family as well as fetched several thousand rupees in cash sales.

Over-stressed? As Naveen Patnaik turns frail, Odisha 'moves closer' to leadership crisis

By Sudhansu R Das  Not a single leader in Odisha is visible in the horizon who can replace Chief Minister Naveen Patnaik. He has ruled Odisha for nearly two and half decades. His father, Biju Patnaik, had built Odisha; he was a daring pilot who saved the life of Indonesia’s Prime Minister Sjahrir and President Sukarno when the Dutch army blocked their exit.