"That the government is willing, at a delicate economic juncture, to let go of one of the finest minds in its economic policymaking team, raises questions for which it is yet to offer any convincing answers," wrote The Indian Express. Besides his accomplishments as central bank governor- particularly his work to curb soaring inflation- the paper also noted how Mr. Rajan "brought in a refreshing approach in terms of voicing his opinion on a range of public issues."
An editorial published in Mint, a financial daily, criticized the way in which some politicians of the ruling party assailed Mr. Rajan in recent months. "No central bank governor has had to face the sort of personal attacks that Rajan has been subjected to." The paper said that even though these were led by Subramanian Swamy, a member of the Prime Minister Narendra Modi's Bharatiya Janata Party, the "final responsibility for not standing by Rajan should rest with Prime Minister Narendra Modi and Finance Minister Arun Jaitley."
The reaction of the leaders in academics, business and industry was one of disappointment. "We are losing one of the most skillful financial economic thinkers in the world," said Nobel Laureate Dr. Amartya Sen. Infosys co-founder Narayana Murthy expressed sadness over Mr Rajan's decision and said the RBI chief deserved more dignity than what he was treated with. "It is sad that the country lost services of a highly accomplished economist at this point of time we in India want 10 per cent growth rate and 10 million jobs. India was lucky to have had the services of an outstanding economist like Rajan as the Governor of RBI. His performance was acclaimed not just in India but throughout the world", said Mr. Murthy. Similarly Biocon chairperson and managing director, Kiran Mazumdar-Shaw tweeted, "RBI Governor Raghuram Rajan not seeking second term- academic gain, RBI loss. He leaves a legacy of economic stability". HDFC chairman Deepak Parekh said, "It's a pity to lose him. I'm wondering what has precipitated this action by the governor. I am sure the government, at the right time, would have considered giving him another two years term as most governors have got."
All were wondering why the government had not announced a second term for Rajan well in advance. The Prime Minister had publicly praised the RBI Governor for "perfectly" explaining complex economic issues to him in regular one-on-one meetings. Speaking at a function to mark 80 years of the Reserve Bank of India (RBI) on April 1, 2015, PM Modi expressed satisfaction over the role played by the central bank under Governor Rajan. "There is lot of similarity between the thinking of the RBI and government... This is absolutely essential. As a representative of the government, I express my satisfaction. RBI is performing its role and I congratulate Raghuramji and his team," he said. Even though he was appointed by the UPA II government he had built up good rapport with the new government and he was doing his job excellently according to the experts.
It is difficult to understand why all on a sudden Subramanian Swamy, a BJP Rajya Sabha MP, started unleashing baseless criticism on Raghuram Rajan. In a series of letters to Prime Minister Narendra Modi, Mr. Swamy had demanded dismissal of Mr. Rajan, arguing that he is not "fully mentally Indian" and had been sending confidential and sensitive financial information around the world. As a response to the attack of Swamy on Raghuram Rajan the Finance Minister Arun Jaitley said that the debate should be about the issues and policies, and not about the personalities.
From the silence on the part of government and of the BJP, one may conclude that since Raghuram Rajan was appointed by the UPA government and he spoke openly against the 'intolerance' the Sangh Parivar is not happy with him. It appears that Subramanian Swamy was used by the Sangh to target Rajan. What is important for the parivar is not the health of the economy but implementation of its exclusive ideology. It will not spare anyone who stands in the way of realizing its goal. BJP cannot pretend that PM Modi is oblivious of this game.
It has been a strategy of the Sangh Parivar to speak in different voices, especially after Narendra Modi became the Prime Minister of India. The PM presents himself as a man fully committed to the development of the country and always speaks about development, good governance, empowerment, harmony etc. while the members of the right wing organizations indulge in hate speech against the minorities. During the recently concluded BJP National Executive Committee meeting in Allahabad Modi listed seven points that party leaders and workers have to keep in mind in their daily dealings and behaviour: sevabhav (service), santulan (balance), saiyam (restraint), samanvaya (coordination), sakaratmak (constructive), samvedana (sensitivity) and samvad (dialogue). "These should reflect in your behaviour and policies," Modi was quoted as having said. At the same time Sangeet Som, BJP MLA from UP and Hukum Singh, MP and others light communal fire in UP as a preparation for the assembly election next year.
Hukum Singh, BJP MP had raised the issue of "Hindu exodus" from UP town, Kairana because of the threat from the Muslims, but later backed off saying that it "is a law and order problem and not a communal issue." Many impartial studies, including study by Indian Express team, has brought to light that the migration from the town was not due to any threat from the Muslims but due to the search for better opportunities of job, education etc. In spite of brining to light the real reasons for the migration of families, the RSS is bent upon making it a communal issue. The latest edition of the RSS mouthpiece 'Organiser' talks of "human rights violations" against Hindus while putting forth the theory that several villages are undergoing a "demographic change". The RSS mouthpiece has also hinted at an "ISI connection" in this "demographic offensive" unleashed by a particular community.
The Sangh Privar focuses more on tarnishing the image of the Muslims, Christians and the Communists than the welfare and wellbeing of Hindus because they are the enemies of the nation according to the teachings of Guru, MS Golwalkar. PM Modi and most of his ministers have been moulded in the ideology of RSS. The goal of RSS is Hindu Rashtra and that is why Union Minister Ram Shankar Katheria on Saturday, 18th June 2016 said that ' bhagwakaran' (saffronisation) of education will definitely take place in India. Speaking at an event in New Delhi, Katheria, who is Minister of State in the HRD ministry, went on to say that saffronisation and ' sanghwad' will be good for the country and is inevitable. No one from BJP has either condemned or refuted the statement of the minister. Intelligent people should understand the games played by the different components of the Sangh Privar.
It was reported in the media that Indian Catholic Church officials have asked Prime Minister Narendra Modi to personally lead a delegation to the September canonization ceremony of Mother Teresa at the Vatican. Cardinal Baselios Cleemis, president of the Indian Catholic Bishops' Conference met with Modi on April 25 in New Delhi. He also asked the prime minister to formally invite Pope Francis to visit India.
Last week, BJP MP, Yogi Adityanath has accused that Nobel Laureate Mother Teresa was part of a "conspiracy for Christianisation of India". "Teresa was part of a conspiracy for Christianization of India. Incidents of Christianization had led to separatist movements in parts of North-East, including Arunachal Pradesh, Tripura, Meghalaya and Nagaland," the Gorakhpur MP said. He was addressing a Ram Katha programme in UP on Saturday, 18th June.
The same accusation was made at Mother Teresa by the RSS Sarsangchalak, Mohan Bhagwat, a year ago. PM Modi, Yogi Aditynath, Mohan Bhagwat, Sangeeth Som, Hukum Singh and Ram Shankar Katheria belong to the same family. Are not the leaders aware of the symbiotic relationship between BJP and RSS? Are the leaders of the Church prudent enough to judge the games played by the members of the Sangh Parivar?
Published by HT Syndication with permission from Indian Currents.
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