“Raghuram Rajan is an employee of the Government of India. We don't select employees on the basis of popular vote,†he said.
Union Finance Minister Arun Jaitley
New Delhi: BJP MP Subramanian Swamy, who ran a tirade against Rajan, said the Reserve Bank head is a government employee and is not selected on the basis of popular vote.
“Raghuram Rajan is an employee of the Government of India. We don't select employees on the basis of popular vote,” he said.
Former Finance Minister P Chidambaram said he was “disappointed and profoundly saddened” by Rajan's decision against a second term, but was not surprised by the development.
However, Union Finance Minister Arun Jaitley said government appreciates good work done by RBI Governor Raghuram Rajan and respects his decision.
( Source : Deccan Chronicle with agency inputs )
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