QBullet: Cabinet Rejig Likely; Swamy’s Attacks Cause BJP Hostility

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6 min read
Subrmaninan Swamy (Photo: Reuters)

1. Longer Term for RBI Governor, 3 Years Not Enough: Raghuram Rajan

Citing longer tenures for counterparts in other countries, the RBI governor, Raghuram Rajan, said that 3 years is too short a term for the chief of the central bank, reported Hindustan Times.

Three years is too short a term. In the US, it is a minimum of four years. There are many countries where the central bank governor gets a five-year tenure. But ultimately, it is for the government to decide the length of the term of the RBI governor.
Raghuram Rajan

According to the report, Rajan also met Finance Minister Arun Jaitley on Thursday ahead of the government’s plan of putting together a six-member panel on monetary policy. Following the meeting, Rajan said:

The finance ministry and RBI keep talking all the time.

2. Swamy’s Comments Against BJP Continues to Add to Hostility Against Him

Subramanian Swamy’s Twitter diatribe against senior party leaders that include Finance Minister Arun Jaitley seems to imply Swamy has bitten off more than he can chew, according to The Indian Express.

The report points out how Swamy is slowly eroding his support by other BJP leaders citing the recent Times Now interview of Prime Minister Narendra Modi where he said:

Vyavastha se upar kisi ko bolne ka haq nahi hai…(No one has the right of going above the system.)
Narendra Modi

Another BJP leader also commented on Swamy and his caustic remarks against fellow party members and said:

Swamy believes that after PM Modi he is the most liked Sangh Parivar leader, this gives him super confidence. He seriously believes that he knows how to fix economic problems of India and deserves a ministry.

3. Indian Money in Swiss Banks at an All-Time Low at Rs 8392 Cr

As the amount of Indian money in Swiss Banks fell by a third of its original number and reached Rs 8392 crores, The Indian Express pointed out how this could be a result of the Modi government’s efforts to cut down on the circulation of illicit funds, eventually bringing an end to them.

Swiss President, Johann Schneider-Amman backed India in its efforts to combat the issue of black money.

Combating the menace of black money and tax evasion is also our shared priority. We discussed the need for an early and expeditious exchange of information to bring to justice the tax offenders.
Johann Schneider-Amman, Swiss President

4. 5-Hour Assessment of Ministers by Modi Suggests Likely Cabinet Reshuffle

Prime Minister Narendra Modi. (Photo: Reuters)
Prime Minister Narendra Modi. (Photo: Reuters)

Speculation continues to run rife that Narendra Modi, who became the Prime Minister in May 2014, may carry out his first major ministerial reshuffle on 1 July. NDTV reported about a five-hour-long assessment of the ministers that the Prime Minister conducted on Thursday.

Additionally, BJP’s recent decision to drop two ministers from the Madhya Pradesh government on grounds that they have crossed 75 years of age has triggered another round of speculations that such a yardstick could be applied in the much-talked about Union Cabinet reshuffle that is likely to take place soon.

5. Boris Johnson Opts Out of UK PM Race

Boris Johnson (Photo: AP)
Boris Johnson (Photo: AP)

After being the face of the Leave campaign for the Brexit referendum of 23 June, Boris Johnson announced on Thursday that he will not be running for Prime Minister. Reporting the new turn of events, CNN quoted Johnson as saying:

Having consulted colleagues and in view of the circumstances in Parliament, I have concluded that that person (Prime Ministerial candidate) cannot be me.
Boris Johnson

CNN’s Robin Oakley further commented on this development and said that “undoubtedly (people are) going to feel let down that he’s not standing... Something’s gone badly wrong here.”

6. After Busting ISIS Module in Hyderabad, NIA Links it to Paris, Brussels

Suspected ISIS operatives have been denied bail. (Photo: Agencies/Altered by <b>The Quint</b>)
Suspected ISIS operatives have been denied bail. (Photo: Agencies/Altered by The Quint)

On Wednesday, the National Investigation Agency arrested five and detained six, including a techie in Hyderabad. The arrests were believed to have foiled the efforts of a potential terrorist module with links to the Islamic State.

A report by The Times of India now claims that the NIA has managed to conclude that the Hyderabad explosives were linked to Paris and Brussels terror attacks. According to TOI, the authorities found an explosive called triacetone triperoxide (TATP) in the basement of the house the NIA raided on Wednesday. The same lethal explosive was used by bombers in the Paris and Brussels attacks.

7. Labour MP Jeremy Corbyn Under Fire for His Anti-Semitic Comments

Britain’s Labour party leader Jeremy Corbyn is under fire for his comment at the recent launch of the  party’s antisemitism report. (Photo: AP
Britain’s Labour party leader Jeremy Corbyn is under fire for his comment at the recent launch of the party’s antisemitism report. (Photo: AP

Jeremy Corbyn compared Israel to “various self-styled Islamic states and organisations” at the launch of an antisemitism report by the Labour party, reported The Telegraph.

Our Jewish friends are no more responsible for the actions of Israel or the Netanyahu Government than our Muslim friends are for those of various self-styled Islamic states or organisations.
Jeremy Corbyn

The comment sparked off an outrage leading another Labour MP, Ruth Smeeth, to demand Corbyn’s resignation.

I call on Jeremy Corbyn to resign immediately and make way for someone with the backbone to confront racism and anti-Semitism in our party and in the country.
Ruth Smeeth

8. Sheena Bora Case: CBI Runs into Trouble with Bombay HC Over Statement of Indrani’s Driver

On Thursday, the Bombay High Court came down heavily on the CBI and a special CBI court judge for unnecessarily withholding from an accused in the Sheena Bora murder case, a copy of a statement made by Indrani Mukerjea’s driver, Shyamwar Rai under Section 164 of the Criminal Procedure Code (CrPC).

In its scathing eight-page order, passed after the hearing of a petition by Sanjeev Khanna, Indrani’s former husband, Justice Sadhana Jadhav said that the “procedure adopted by the investigating agency (the CBI) could not be justified in any manner.”

9. Ahead of Assembly Polls, Kairana is the New Frontier of UP Politics

As communal tension continues to mount in Kairana, a report in The Indian Express points out how it is reminiscent of communal violence that had been earlier been witnessed in the area in 2013. The region is fraught with anxiety just ahead of the assembly polls in 2017.

BJP’s Rupendra Saini, party’s president from Muzaffarnagar said commented on the issue, saying:

For now, these are only small incidents. But issues like this become bigger later on. The police here, under the Samajwadi Party government is clearly one-sided. There have been several incidents like this in Sikanderpur, Charthawal, Khatauli and so on.

According to the report, Bacchi Saini of the Samajwadi Party said that such incidents are deliberate.

Nobody wants such problems. There are certain miscreants who create such things to vitiate the atmosphere, particularly before the elections. However, we will not let this happen.
Bacchi Saini
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