Union Minister Rajeev Chandrashekar criticized former RBI governor Raghuram Rajan for damaging the entire banking system

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Rajeev Chandrashekar: Union Minister Rajeev Chandrashekar strongly criticized former RBI governor Raghuram Rajan on Friday, accusing him of causing extensive damage to the banking system during his tenure. During a press conference in the morning, Chandrashekar dismissed concerns about Artificial Intelligence posing a threat to jobs in its current state and expressed his disapproval of the newly formed Congress government in Karnataka.

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“He needs to make up his mind about whether he is a politician or a failed economist, because it is well-known that he wreaked havoc on the entire banking system and the financial sector during his time as RBI governor,” the Union Minister remarked.

Last week, another union minister, Ashwini Vaishnaw, also criticized Raghuram Rajan for his pessimistic outlook on growth in certain sectors. Vaishnaw, who handles crucial portfolios such as railways, communications, electronics, and information technology, stated that Rajan’s perspective shifted when he entered the realm of politics.

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Raghuram Rajan

Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.

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  1. RR is not a failed politician. He is a shrewd opportunist. His utterances during his meeting with Pappu in the BharatTodo yatra were mischievous and measured in a way that they suited the the party from whom he was bestowed with position. And about a failed economist also, I have my own reservations. A case of mis-utilised intelligence.

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