This Article is From Jul 04, 2016

Rajan Had Every Right To Speak Out, India Is Loser: P Chidambaram to NDTV

Rajan Had Every Right To Speak Out, India Is Loser: P Chidambaram to NDTV

Former Union minister P Chidambaram said Raghuram Rajan had every right to speak on issues that weren't strictly within his brief.

Highlights

  • Mature people disagree, but they don't abuse each other: P Chidambaram
  • Rajan spoke on issues in public domain, the former minister said
  • "Central bank governors have spoken of things in past," he said
New Delhi: As controversy continues to rage over the exit of Raghuram Rajan as the Reserve Bank Governor, former finance minister P Chidambaram has told NDTV he believes Mr Rajan had every right to speak out on issues that weren't strictly within his brief.

"Two mature people can disagree, but that doesn't mean one has to abuse the other, question the other's patriotism, question the other's intellectual capability. That is where I think he felt deeply hurt and decided to quit. India is the loser," he said.

Asked about criticism that Mr Rajan had exceeded his brief, Mr Chidambaram said, "What is the RBI governor's brief? Where is it written? He is an acknowledged academic, author and intellectual. He spoke on issues which are in the public domain".

"He said only tolerant societies can move forward fast. You cannot have a high degree of intolerance. With one section of people living in fear and still hope for inclusive growth. Why not? What is wrong in these words? Did he use abusive language? Did he maim anyone?" Mr Chidambaram said.

"Central bank governors have spoken about things in the past. Alan Greenspan spoke," he added.
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