Govt. takes decisions on merits and logic: Jitendra Singh on Rajan's second term

Minister of State in the Prime Minister's Office (PMO) Jitendra Singh on Sunday downplayed the Congress' allegations that Bharatiya Janata Party (BJP) leader Subramanian Swamy was responsible for Reserve Bank of India (RBI) Governor Raghuram Rajan's decision not to continue in office and said the government takes decisions on merits and logic.

Singh, however, said that the Finance Ministry would be the best to respond on this issue.

"I am not directly related to the matter. I don't know much about it. The concerned ministry and the concerned department would give reply to this. But as part of the government, I can say with confidence that the present government takes decision on the basis of merits and logic and doesn't do partiality," Singh told ANI.

Escalating his attack on the Congress for targeting the Centre, Singh said the grand old party, which has been in the Opposition for the last two years, is not yet able to digest its defeat.

"Being in the opposition, they should compromise this much and give the freedom to the government to take decisions," he added.

Justifying his earlier stand, Swamy earlier today escalated his attack on Rajan and alleged that the latter was a Congress 'agent'.

Swamy told ANI Rajan's decision only proved what he had always suspected, adding that the RBI Governor had been working in tandem with the Congress as their 'agent' since the BJP-led Centre came to power.

Rajan announced that he would return to the academic world at the end of his term on September 4, 2016, adding he will always be available to serve his country when needed and asserted that his 'successor' would take the nation to new heights.

Rajan is currently on leave from the Chicago Booth School of Business where he holds the post of Distinguished Service Professor of Finance.

Swamy, who has been one of the chief critics of Rajan, yesterday welcomed the latter's decision and said that he was not even getting a second term in the first place.