Raghuram Rajan unnerved by Swami Campaign against him
Lucknow: Unfazed by campaign of Bhartiya Janata Party leader Subramaniam Swami against him. The Reserve Bank of India Governor Raghuram Rajan made another critical comment against the government at the Centre just a couple of days after Swami wrote to the Prime Minister for his removal.
Addressing a meeting on Saturday he said the 'inspector raj' is not yet over whatever may be the claim of the government though he admitted that licence raj has been given a good-bye.
The continuance of the 'inspector raj' has largely affected the working of the small and medium industries, he said while advocating a change in the system . “Too many regulations create a lot of problems. There should be a self-regulation or certification system for at least such units. This will also help start-up industries”.
These suggestions have come in the wake of his “one –eyed king comment” which was interpreted as a caution for the government against self-praise. “Several measures have been taken but does not mean we have done whatever had to be done. We are like a one-eyed king among the blind,” he was quoted as saying.
His comment on the 'inspector raj', like the previous one, could not have pleased Swami. Political observers, however, believe that Swami’s attack was also directed against finance minister Arun Jailtley who has made no adverse against Rajan.