Subramanian Swamy

Subramanian Swamy, who had last month written twice to Prime Minister Narendra Modi seeking ouster of Rajan for keeping interest rate high, took to Twitter to criticise the Governor.

"Raghuram Rajan is doing a good job. The way in which he had controlled inflation keeping in mind the world economy is appreciable," Rathore told reporters here.

Refusing to comment on intense speculation over his tenure extension, RBI Governor Raghuram Rajan on June 8 said he has very "cordial" relations with Finance Minister Arun Jaitley and his long term desire is to go back to academia

When Rajan's name was cleared by the government for the top job at RBI in 2013, senior BJP leader Murli Manohar Joshi had given a notice of calling attention in Parliament asking how a foreigner could be appointed as the central banker. He had also said there were enough Indians to run the RBI.

"With inflation above target and likely to rise in the near-term, it seems more likely now that efforts to loosen policy have run their course," Shilan Shah, an economist at Capital Economics, said in a note last week.

The Chief Minister said PM Modi is monitoring, every month, the development with regard to construction of the proposed airport.

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.

In a letter to Prime Minister Narendra Modi, Swamy asked him to sack Rajan, charging that his insistence on high interest rate had led to recession in the domestic small and medium industries causing not only sharp decline in output but also massive unemployment of semi-skilled labour.

Congress claimed that that "vitriolic tirade" against RBI Governor by Subramanian Swamy has the "full backing" of NDA government and BJP

The Reserve Bank, Jaitley said, is an important institution which makes its own judgement.

Accusing Rajan of raising interest rate to the detriment of small and medium industries, Swamy said the Governor should have known the "inevitable consequence of rising and high interest rate and his policy was wilful and thus anti-national in intent".

Godrej's remarks comes at a time when there is speculation over Rajan's future, whose current three-year term as RBI chief ends this September, amid calls for his sacking by BJP leader Subramanian Swamy.

The Congress on May 18 came down hard on the BJP over Subramanian Swamy's "unprecedented" attack on RBI Governor Raghuram Rajan, saying Prime Minister Narendra Modi's silence showed "obvious complicity"

Asked about BJP MP Subramanian Swamy urging Prime Minister Narendra Modi to sack Rajan, alleging that he was "mentally not fully Indian", among other reasons, Singh asked "What about himself? (Swamy)".

In a poll conducted by CNBC-TV18 among the top bankers of the country, 100 percent believe that Rajan should get a second term as RBI Governor.

Indicating his interest in a second term as RBI Governor, Raghuram Rajan on May 13 said he has enjoyed every moment of the job but there is "more to do", despite calls from some sections of the ruling BJP against any extension for him

Congress spokesman Jairam Ramesh told reporters that both Swamy and Parrikar have "blatantly lied" in Parliament by creating a "web of deceit" in front of the people.

BJP leader Subramanian Swamy on May 11 moved the Delhi High Court seeking "immediate suspension" of flying licence granted to airline AirAsia India alleging that it had obtained it through "fraud".

A day after high-voltage debate on AgustaWestland issue, BJP leader Subramanian Swamy was today targeted in Rajya Sabha by Congress members who wanted to know how he got access to sensitive and secret files of CBI and ED and whether he had authenticated the documents quoted by him.

The controversial AgustaWestland chopper deal today triggered a stormy debate and trading of charges in the Rajya Sabha with the entire opposition pressing for a Supreme Court-monitored probe while Defence Minister Manohar Parrikar spoke of an "invisible hand" in preventing an investigation in UPA tenure.