Mumbai: Outgoing RBI Governor Raghuram Rajan, known for his outspoken ways, has no “immediate plans” to write a tell-all book on his experience as the central bank head, unlike his predecessor D Subbarao whose quite revealing memoir has just come out.
Rajan, who was accused by critics of keeping interest rates too high and was often seen as being critical of the government and its policies, making his tenure full of several controversies, said he rather plans to write on “academic issues” after leaving the Reserve Bank.
“I have no immediate plans to write a book on this subject,” he said when asked whether he would write a book similar to Subbarao's a few years down the lane.
“I will write on academic issues,” Rajan told a select group of journalists here.
He refused to take any questions on his decision not to seek a second term or on political criticism.
Subbarao, who served as RBI Governor for five turbulent years between 2008 and 2013, in his just-released book 'Who Moved My Interest Rate', has written about several occasions when he felt pressure from the then Finance Ministers P Chidambaram and Pranab Mukherjee to cut interest rates.
He also said “there is a price to pay, of course, for not falling in line”, referring to the government's refusal to accept his recommendations in appointment of Deputy Governors.
While a tussle has been noticed between the RBI Governor and the government for years, it is said to have escalated in recent years, while Rajan has often been seen as being critical of the government, including on non-economic matters.
