Subramanian Swamy

"In the Raghuram Rajan case, the whole media was motivated by forces outside this country to support him. They said the stock markets will collapse if he goes. The stock markets are not collapsing, it's gone up in fact.

The Congress leader further said there was no fixed "qualification" for the post and added that an IAS officer, an economist or even an outsider could become RBI Governor.

He was apparently referring to the series of strident attacks by BJP MP Subramanian Swamy on Reserve Bank Governor Raghuram Rajan which virtually forced him to declare that he was not keen on a second term.

Swamy has accused them of allegedly conspiring to cheat and misappropriate funds by just paying Rs 50 lakh by which YI obtained the right to recover Rs 90.25 crore which Associated Journals Pvt Ltd (AJL) owed to the Congress party.

Ruling on an appeal filed by Congress leaders and the company Young India Ltd, Justice P S Teji observed that the lower court orders violated the "principle of natural justice" and the right to life and liberty under the Constitution.

"Only an illiterate in economics or a person with a nasty mission to undo India would hold a different view," Swamy tweeted.

Government is likely to announce successor to Raghuram Rajan, the outgoing governor of RBI, after Prime Minister Narendra Modi returns from his five-day, four nation tour of Africa, a top official said on July 5

BJP MP Subramanian Swamy has written to Union Home Minister Rajnath Singh making a case for Centre going in for an appeal against the Madras High Court judgement allowing Sun TV network of Maran brothers to participate in private FM radio auction

"Domestic markets have put their faith behind the Indian central bank as a credible and independent institution, pinning hopes that Governor Rajan's successor will also prioritise inflation over other economic objectives," it said.

The Rajya Sabha member, who consistently attacked RBI Governor Raghuram Rajan and then took potshots at Finance Minister Arun Jaitley, has been lying low after the BJP leadership indicated its unhappiness and Modi voiced disapproval of his conduct.

Congress on June 27 took a veiled dig at Subramanian Swamy describing the controversial BJP MP as "nuclear fissile material" brought in Parliament by the ruling party which was bound to "implode" it

Disapproving of inappropriate comments made by Swamy, Prime Minister Narendra Modi said the fondness for publicity will not ensure success of the nation.

The four short-listed candidates are: Reserve Bank of India Deputy Governor Urjit Patel, former deputy governors Rakesh Mohan and Subir Gokarn and State Bank of India Chair Arundhati Bhattacharya.

The Prime Minister's comments assume significance in the context of Finance Minister Arun Jaitley and the BJP distancing themselves from Swamy's recent attacks on Rajan, CEA Arvind Subramananian and Economic Affairs Secretary Shaktikanta Das.

Jaitley, who began a five-day visit to China on June 24 primarily to attend the first meeting of the Board of Governors of the USD 100-billion Asian Infrastructure Investment Bank (AIIB), returned here last night.

Congress today said Subramanian Swamy wants to become the Finance Minister and termed his diatribe against Arun Jaitley as an "open war".

BJP MP Subramanian Swamy today virtually launched direct attacks on Finance Minister Arun Jaitley issuing threat of a "bloodbath" on being asked to show restraint and discipline, remarks that have not gone down well with the party.

Last week, Rajan, 53, announced that he will not seek renewal of his position as RBI Governor when his term expires in September and "will be returning to academia".

Unfazed by the government and BJP distancing themselves from his remarks, Subramanian Swamy continued his attack on Chief Economic Adviser Arvind Subramananian while dismissing Finance Minister Arun Jaitley's counsel for restraint

"I think there a property deal case pending against him (Das) for assisting PC swallow Mahabalipuram prime locations," Swamy tweeted today.