Former Union Finance Minister P. Chidambaram on Thursday hinted that the outgoing Reserve Bank of India (RBI) Governor Raghuram Rajan not seeking another term was due to the "mischievous interruption" by the government.
"As per the convention, the extension of the RBI Governor's term is only a formality. But it has been mischievously interrupted," Chidambaram said.
He was speaking at the book launch of 'Who Moved My Interest Rates?', written by former RBI Governor D. Subbarao.
Chidambaram said Subbarao's term as the RBI Governor was extended despite tension between them, as stated in the book.
"But now there is no tension between the government (NDA) and the RBI Governor (Rajan) but his term was not extended," he added.
--IANS
mm/tsb/vm
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app