Is 'Shaktikanta Das' dangerous as RBI governor ? Sena shows some reasons

In a no-holds-barred assault, the Shiva Sena termed the appointment of new Reserve Bank of India (RBI) Governor Shaktikanta Das as “dangerous” with a potential to unleash ‘financial terror’ in the country. “The (BJP) government does not like people who speak the truth, but wants only those who ‘nod their head in agreement’. If this is the intention behind Das’ appointment, it signals the beginning of a ‘financial terror’ regime,” the Sena warned.

Sena said while the two previous RBI governors-Raghuram Rajan and Urjit Patel were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics, and is an IAS officer (bureaucrat) with specialisation in history. “He is known to applaud all good and bad policies of the Narendra Modi government. In fact, he had blindly supported the devastating demonetisation drive (November 2016), and remained unaffected by the peoples’ miseries then. When doubts were raised on the new pink-coloured Rs 2,000 currency notes, he made a laughable statement that those notes which bleed are genuine,” the Sena said in hard-hitting edits in the party mouthpieces, ‘Saamana’ and ‘Dopahar Ka Saamana.’

“Rajan had strongly opposed the demonetisation move and quit. Patel sacrificed his post to protect the RBI’s independence and even prevented the government from raiding its reserves. The current economic chaos witnessed in the country is directly because of flawed policies like note ban and GST implementation, resulting in high inflation and falling Rupee value,” said the Sena.

It pointed out that the post of governor of the country’s apex bank is “akin to sitting on a throne of nails and wearing a crown of thorns”, and hence Das’ top priority is to “safeguard the independence” of RBI besides convincing global investors of the same.“Das enjoys good relations with politicians, but his appointment as RBI head should not lead to any manipulation of the economy and end up as a ‘joke’… Here, he faces crucial questions like inflation and fiscal management. As the RBI Governor, will he be able to rein in the political elements who created the problems in the first place?” the Sena asked in the concluding part of the edits.

Is ‘Shaktikanta Das’ dangerous as RBI governor ? Sena shows some reasons

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