Subramanian Swamy opposes Shaktikanta Das' appointment as RBI governor, says he 'has worked closely in corrupt activities with P Chidambaram'

BJP MP Subramanian Swamy on Wednesday said that Shaktikanta Das' appointment as the Reserve Bank of India (RBI) governor is wrong and added that he has written a letter to Prime Minister Narendra Modi against this decision.

Swamy alleged that Das "has worked closely in corrupt activities with P Chidambaram and even tried to save him in court cases."

On Tuesday, the government appointed former bureaucrat Das as the new governor of the RBI after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank.

File photo of Subramanian Swamy. PTI

File photo of Subramanian Swamy. PTI

Das, 61, who was the first to field questions on the shock November 2016 decision to junk 86 percent of currency in circulation, will have a three-year tenure. He is the 25th governor of the 83-year-old institution.

He has often favoured a cut in interest rates by the central bank.

Swamy had raised concern over the resignation of Patel on Monday while asserting that it will be bad for the Indian economy.

Commenting on the abrupt resignation of Patel, about 10 months before the end of his tenure, Swamy said: "His resignation will be bad for our economy, RBI and the Government. He should at least stay till July until the next government comes to power. Prime Minister (Narendra) Modi should call him and find out the reason and dissuade him from leaving in the larger public interest."

Asked about Patel's differences with the finance ministry, Swamy said it always happens whenever an "independent, non-rubber stamp" RBI governor is there.

-- With inputs from agencies

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Updated Date: Dec 12, 2018 12:13:33 IST

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