State News

Swamy as PM's political sniper

By IndianMandarins- 13 May 2016
870

swamy-as-pms-political-sniper   Newly-nominated Rajya Sabha MP and BJP leader Subramanian Swamy is a seasoned political warrior and hero of many battles. In his long and eventful career, he's stayed firm and faithful on the side of Hindutva, which helped guide his razor-sharp intellect and superior political skills into shaming political stalwarts like Ramakrishna Hegde and Amma, among others. He's now focused on Sonia Gandhi and Congress Party. Nothing could be better than this for BJP. Since the ruling party abysmally lacks political sharpshooters and snipers -look at the way the likes of Kejriwal, Nitish Kumar, and Didi get away by making the most atrocious statements against the PM and the party, the importance of Swamy can't be underestimated. However, there is a problem with Swamy: sometimes, but not all the time, he gets full of himself and does immense harm - because he is capable of doing immense good - to himself and his dearest cause of Hindutva. His long-running battle with Atal Bihari Vajpayee is well known. Because of that, he couldn't be accommodated in the first NDA government. Though there is no doubt that his accommodation in the Vajpayee administration would have been immensely good for the NDA and the country, it didn't happen because India's politics is largely governed by temperamental liking and disliking. And Swamy, in the two decades of the eighties and nineties had rubbed Vajpayee and Advani on the wrong side. The great warrior is showing up the same self-destructive streak again: instead of taking on the enemies of BJP and Hindutva, he's unnecessarily taken a pot shot at a constitutional authority. Instead of blaming Finance Minister Arun Jaitley for failing the economy with his lawyer's cleverness - the minister who has abandoned decision making and refers every issue to the Cabinet, he accused Reserve Bank of India Governor Raghuram Rajan for slow growth and unemployment. This has hurt the popularity of Swamy across the board. Even his most ardent admirers are taken aback at his 'unthoughtful outburst.' There is a general feeling among officials, banking experts, and economists that the governor is doing "exceedingly well" in the current scenario. V Kannan, former Chairman and Managing Director of Vijaya Bank, told a newspaper that  there was absolutely no case for Rajan to be relieved of his duties. He pointed out that the RBI Governor had performed exceedingly well in three critical areas - containing inflation (a mandate given to the Central Bank Governor), ensuring orderly change in the foreign exchange market, and bringing credibility to the Indian banking system (through a clean-up of balance sheets). "Now the confidence of the Indian banking system is back and Rajan's performance has been excellent," Kannan added. Further, the Governor has ensured that headline inflation fell from a level of over 9 percent when he began his tenure in 2013 to around 5 percent now. He has been cutting the repo rate (the rate at which the RBI lends to banks) although it has not been purely in line with the expectations of the Centre and the BJP. But expectations are expectations and the reality is reality. And the reality is that Swamy, in attacking Rajan, was possibly diverting the attention from what Adi Godrej had said this week about the economy - that it was hurt by the beef ban and the alcohol prohibition mania among other things. And let there be no doubt that it may suffer when Rajan retires in September this year. Because, then, there will be no wise voice left in the economic policy formulation and implementation. Of course, Rajan has earned a lot of enemies - those who have fleeced the banking system and yet want banks to extend credit to them in perpetuity are

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