Love Jihad, killings don’t fit well with Modi’s emphasis on India rising: Rajan

New Delhi (PTI): Reserve Bank Governor Raghuram Rajan on Wednesday 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. I think the Finance Minister has said very clearly that these tend to distract rather than contribute. And clearly these are certainly worrisome features which have to be dealt with on the basis of law and order and so on.

“The emphasis that Prime Minister and Finance Minister have been putting on this being an economy which is trying to get it right and move forward on sustainable basis. I think that does not fit well with these kinds of incidents. And we need to figure out the way to reduce and certainly, I think, there is law and order issue there,” he told Karan Thapar on India Today channel.

He was asked whether India’s image was being impacted on incidents like love jihad, conversion, 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.

Replying to questions 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 said.

He said the media tends to emphasise differences rather than the large areas of commonality under competitive pressure for news.

Asked if he was open to a second term after 11 months when his term comes to an end, he said it was a hypothetical question. “I have not been offered one. We will cross the bridge when we come to it.”

On his larger than expected 0.50% cut in interest rate last week, Rajan said it was part of the process of getting investment.

Asked if the rate cut 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.”


  1. Love Jihad, killings don’t fit well with Modi’s emphasis on India rising: Rajan.


  2. Dear readers,

    It seems Reserve Bank Governor Raghuram Rajan days in office is numbered for criticising Modi’s ‘Development’ agenda.

    The rupee trend has returned to the levels pre-Narendra Modi days. The currency today fell to 64 against the dollar, its lowest in 20 months.Significantly, the last time the rupee hit the 64 level intra-day was 13 September 2013, the day the BJP declared Narendra Modi as its prime minister candidate. The decline in steel is particularly worrying — from 11.5 per cent at end of February 2014 to (-)4.4 per cent at end of February 2015.

    Unseasonal rain that has reportedly affected crops on 106 lakh hectares of land. Private flour millers have signed contracts to import 80,000 metric tonnes of Australian wheat.Petroleum prices which were hovering around 125 dollars per barrel have crashed to 55-66 dollars per barrel but the NDA government has not passed on the benefit to the consumers but earned Rs 62,000 crores and revised the excise duty thrice.The price of petrol must be reduced by Rs 25 per litre but Indians are forced to pay 62.01Rs/Ltr (Most Recent price change date: Tuesday, September 1, 2015) in his own state capital Gandhinagar.

    There is difference between corruption and allegation of corruption and the UPA government had taken legal actions like bringing the RTI Act, Lokpal Bill and whistle blower Act but the BJP government has not appointed the Lokpal and several key pots are lying vacant.

    Flagging subdued rural economy as a ‘credit negative’ for India’s sovereign rating, global giant Moody’s today said there are growing concerns about risk of policy stagnation and “some disappointment” has emerged over the pace of reforms under the Modi government.

    In terms of sheer numbers, RSS has grown in the first year of the Modi government, registering almost a 14% increase in its student shakha members alone. According to its annual report, the RSS has opened 6,000 new shakhas since April 2014, raising the total number to 51,330 from 44,982.Other than upward trend of ‘beef export’ due to blanket beef ban in India.

    Prices of essential commodities have seen a sudden rise this month and one has to shell out between 15 and 30 per cent more for them. The rates of pulses, rice and wheat have substantially increased while the prices of oils have shown marginal increase. The price of 1 kg moong dal, which was around Rs 130 per kg, has crossed the `154-mark this month.In the past BJP in the opposition is blaming Congress and now Union Women and Child Welfare Minister Maneka Gandhi blamed environmental degradation for spiraling prices of essential commodities, which has been burning a hole in the pockets of common people.

    Prices of essential commodities rise

    The NDA has already in power for more than 16 months,neither ‘Toilets’ became reality nor ‘black money’ returned.But common Indians are burning more from their savings for living.Modi government projecting the world proving to the Indian idiom “Hathi ke dant dekhane ke aur khane ke aur”(Elephant has two set of teeth-one to show off and the other to chew with) While ‘Dal’ has already beat ‘Murgi’ in the race BJP has made to rewrite another idiom “ghar ka daal” “Murgi barabar”.

    One hardcore RSS activist has been appointed with each minister and they are calling the shots.Now they are defining the economic policy subdue India into ‘dependent’ nation.

    Jai hind

  3. After the Hannover International industrial exhibition in April 2015, Mr. Sanjay Kirloskar (CEO of the Kirloskar Corporation) made a statement ” Growing Attacks on the Christians in India Dissuade Investors”.

    Now the Governor of the Reserve Bank of India is telling the same subject in a different tone. The Dadri lynching is heard around the world. After the lecture by Arun Jaitley at the Columbia University, he was questioned about the Dadri event, with a paled faced he said ” it was unfortunate”.

    I grew up with Hindus, later also with the Muslims, and those glorious days of fun and laughter together must come back to India for India’s prosperity, but
    the BJP party under the leadership of Mr. Modi has caused serious structural damage of religious harmony in India.

    2/3 of the world’s millionaires are religious, more than half of them identified as Christians. From the study of the non-partisan wealth research from the World Wealth, found that 13.1 millionaires are in the world, 7.4 million or 56.2% identify themselves as Christians, 6.5% as Muslims, 3.9% as Hindus, 1.7% as Jewish. 31.7% millionaires identify themselves as “other” which means other religions or no religion.

    The richest countries are also Christian countries. 7 of the 10 wealthiest countries -ranked by the number of millionaires-are Christian dominated.

    Mr. Modi’s tightlipped mentality is sending total confusion and doubt about the hidden personality, creating some doubts in the Christian and Muslim countries. While he is repeatedly visiting the Christian and Muslim countries, his party and sister party followers are playing a very unbearable attitude towards the Muslims and Christians of India.

    The Christian faith entered in India 2000 years back through the Apostle St. Thomas, now with a population over 33 million, and the Islam population, the 2nd largest in the world with over 172 million people. Though they are minorities, when some street goons play with them, that news will reach the Christian and Muslims nations, and it will create some adverse effect upon India’s dream to be transferred as the next China of the world.

    Very regrettably, Mr. Modi is getting very delinquent to address certain cardinal issues faced with the nation; especially the beef based friction now spreading all over India. As Mr. B.N. Pai has hinted, “His hidden agenda is Hindu vote Bank”,
    but the agenda will crack the bank if events are moving in this direction; and the big writing on the wall will be seen in

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