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  4. Decision on Raghuram Rajan not to be influenced by ‘other factors’: Arun Jaitley

Decision on Raghuram Rajan not to be influenced by ‘other factors’: Arun Jaitley

Union Finance minister Arun Jaitley today said that the government and the RBI are responsible institutions and decisions will be taken without being influenced by “any other factor”.

India TV Business Desk India TV Business Desk Updated on: May 17, 2016 21:36 IST
File photo of RBI Governor Raghuram Rajan and Finance
File photo of RBI Governor Raghuram Rajan and Finance minister Arun Jaitley

New Delhi: In signs of some welcome support for the Reserve Bank of India Governor Raghuram Rajan, Union Finance minister Arun Jaitley today said that the government and the RBI are responsible institutions and decisions will be taken without being influenced by “any other factor”.

He was responding to a query on BJP MP Subramanian Swamy's demand for immediate sacking of RBI Governor Raghuram Rajan.

"I think what is important are issues not personalities. Secondly whether what happens to the RBI Governor second term or no second term, what his own views on the issue are, are these matters to be discussed in public," he said.

Also read: Swamy seeks ouster of RBI Guv Rajan, says he is not 'mentally fully Indian'

The government, he said, is a very responsible institution and so is RBI. "We will take our decisions without being influenced by any other factor," he told ET Now news channel.

He was asked about Swamy writing to Prime Minister Narendra Modi seeking immediate sacking of the former IMF Chief Economist alleging that Rajan he was "mentally not fully Indian" and has "wilfully" wrecked the economy.

Jaitley said the Reserve Bank and the Finance Ministry have "very mature level of consultation" and it wasn't fair to comment on them.

"I can tell you, the RBI and the finance ministry, I have always used this word very consciously, (have a) very mature level of consultation and its not fair that any one of us to commenting on those issues that we discussed in public space," he said.

(With PTI inputs)

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