India Inc backs second term for RBI Guv Raghuram Rajan

Naushad Forbes, president of the Confederation of Indian Industry (CII), echoed Finance Minister Arun Jaitley’s stand that personal attacks are unwarranted. “I would only repeat what Finance Minister has said that I don’t think personal attacks are warranted.

I don’t think they serve us well at all as a country. They in a sense actually are demeaning. So I agree with him 100 per cent,” he told PTI here. Forbes, who is part of a high-level industry delegation accompanying Jaitley on the six-day visit to Japan to drum up investments, said he did not take continuous attack by BJP MP Subramanian Swamy on Rajan seriously and treats his comments as noise that are part of a vibrant democracy.

“The Governor has been doing a great job for the country and we would certainly see it as a very positive move if he were reappointed,” he said. Rajan, appointed by the previous UPA government for a three-year term that began on Sept 4, 2013, has been under attack from some quarters in BJP, including its Rajya Sabha MP Subramanian Swamy.