New Delhi: Reserve Bank Governor Raghuram Rajan said Prime Minister Narendra Modi’s emphasis on India being an economy which is trying to get it right does not fit well with incidents like that of love jihad and killings.
“I think there are always issues on the fringe. Clearly these are certainly worrisome features which have to be dealt with on the basis of law and order and so on. He was asked whether India’s image was being impacted on incidents like love jihad, ghar vapsi and the recent killings, an apparent reference to the murder of a man in Dadri in Uttar Pradesh over rumours of eating beef.
On his relationship with Finance Minister Arun Jaitley, Rajan said it “has been of the highest order ever since he moved into the office that was when I first met him.” “It has been great. I think these reports of differences tend to exaggerate and sometime over-complicate what is essentially a very strong relationship,” he told Karan Thapar on India Today channel.
On his larger than expected 0.50% cut in interest rate last week was enough to boost growth rate, he said, “The real deficiency in our economy today is private investment is not picking up as it should at this stage of the cycle. The key concern of policy maker is how to get it started. How we get it going.” Inflation, he said, will be below the RBI target of 6% in January. -PTI
