The IMF had on Friday expressed concerns over the reports of growing interference of the Narendra Modi government in the Reserve Bank of India.
Swadeshi Jagran Manch (SJM) — the economic wing of Rashtriya Swayamsevak Sangh (RSS) — on Saturday (November 3) asked the International Monetary Fund (IMF) to not interfere in the internal affairs of India. The IMF had on Friday expressed concerns over the reports of growing interference of the Narendra Modi government in the Reserve Bank of India (RBI).
The IMF should pay more attention to the troubled economies of the world instead of a booming economy like India, said Dr Ashwani Mahajan, the SJM national co-convener.
Talking to India Today, Dr Mahajan said, "Our systems work under the law and the RBI Act at present and we know how to maintain autonomy." He said the IMF should look after those economies that are defaulters. "Ours is a growing economy due to the policies of Modi government. Our foreign reserves are very high and we are also among the world’s top six economies in terms of GDP," he said.
Reacting to the RBI officials going public against the government alleging interference, Dr Mahajan said that while the government has exercised restraint, some officials are still breaking norms. "Whatever their grievances are, they should be kept before the board and not made public," he said.
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