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Politicians must restrain from making comments on 2nd term of Rajan: Assocham

Reacting strongly against comments made against RBI governor Raghuram Rajan by some sections of the BJP, industry body Assocham said on Friday that politicans should not make such adverse comments against a man with impeccable rack record and leave the decision to Prime Minister Modi to decide.


 Politicians must restrain from making comments on 2nd term of Rajan: Assocham

Zee Media Bureau

New Delhi: Reacting strongly against comments made against RBI governor Raghuram Rajan by some sections of the BJP, industry body Assocham said on Friday that politicans should not make such adverse comments against a man with impeccable rack record and leave the decision to Prime Minister Modi to decide.

"Surely, it is the prerogative of the government to appoint and re-appoint a person to the coveted position of the RBI Governor, but the kind of media statements being issued about Rajan by senior politicians do not augur well for the country's financial system, which is passing through a challenging time because of unprecedented levels of stressed assets in the banks," the chamber said.

It said Rajan enjoys "an impeccable track record" as a top-order world economist while he has brought in loads of respect and goodwill to the Indian financial system as the head of the Reserve Bank.

Assocham, the statement further said, "would only urge restraint on the part of senior politicians and others and leave it to the good wisdom and judgement of Prime Minister Narendra Modi so far as the re-appointment of the RBI Governor is concerned".

(With PTI inputs)

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