September 13, 2026 06:26 am (IST)

Make this your homepage

News

India-UAE Comprehensive Strategic Partnership in focus: Modi meets Abu Dhabi Crown Prince on BRICS sidelines | Xi Jinping lands in India for BRICS; big Modi meeting set for New Delhi | ‘Hospitality on another level’: South African official stunned by India’s BRICS hosting | Suvendu Adhikari eats fish bhog at Kalighat Temple amid Bageshwar Baba row | Bangladeshi Hindu monk Chinmoy Krishna Das breaks down emotionally as he gets 5-hour parole to attend mother’s funeral | Sheikh Hasina’s daughter Saima Wazed quits WHO post amid fraud allegations | After days of silence, China confirms Xi Jinping’s India visit for BRICS Summit | Big setback for Abhishek Banerjee as CID arrests aide Sumit Roy | Firebrand Tukaram Mundhe’s Food Safety Blitz Hits ISKCON Juhu, 3 Licences Suspended | Vande Mataram row erupts in INDIA bloc: Congress objects, ally NC hits back, BJP pounces

Raghuram Rajan refuses to speculate on his reappointment

India Blooms News Service | | Jun 07, 2016, at 08:17 pm

Mumbai, Jun 7 (IBNS): RBI governor, Raghuram Rajan, on the sidelines of the press conference regarding the monetary policy review, on Tuesday, said that he did not want to spoil the fun the media is having speculating about his reappointment by the Union government.

"It would be cruel of me to spoil all the fun the press is having," said Rajan reading out from a written statement.

I’m intrigued by all the letters I’m supposed to have written,” he said.

Rajya Sabha member Subramanian Swamy had written to the Prime Minister, seeking immediate removal of the Governor from his post, the media had reported.

Rajan pointed out, "the decision is reached after detailed discussion between the government and the incumbent. I cannot do better than point you to the statements made by the finance minister and the prime minister."

Days before the monetary review presentation, Union Finance Minister Arun Jaitley had refused to discuss the reappointment and said a decision will be taken when the time arrives, media reported.

Rajan's current tenure ends in September.

Also, the second monetary policy review presented on Tuesday by Raghuram Rajan is likely to be the last such presentation by any RBI governor if the new arrangement -- where a six-member monetary policy committee will decide on the rate-setting -- is implemented from the next policy in August, according to media reports.

The bill to set up a monetary policy committee has been approved by parliament, reported NDTV. A six-member monetary policy committee will set interest rates - three members will be nominated by the government and three by the RBI. The governor will have a casting vote.

#Raghuram Rajan # RBI Governor #RBI

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.

India
International

Related Images

In Images: Narendra Modi meets Xi Jinping amid BRICS Summit Sep 13, 2026, at 01:28 am

In Images: PM Modi, world leaders gather for group photo during BRICS Summit Sep 13, 2026, at 01:23 am

In Images: PM Modi joins BRICS leaders for group photograph in New Delhi Sep 12, 2026, at 01:18 am