Rajan snubs AAP on Rajya Sabha seat offer

Rajan snubs AAP on Rajya Sabha seat offer

Former Reserve Bank of India governor Raghuram Rajan has conveyed that he is not keen on a Rajya Sabha seat offered by the Aam Aadmi Party (AAP).

"I have no plans to leave my full-time academic job at the University of Chicago," Rajan told Deccan Herald.  Rajan  also added that he will continue to engage in variety of educational activities in India.

The AAP had approached Rajan offering him a seat in the Upper House of Parliament.  

Sources within AAP, who did not wish to be identified, said the party will not field its leaders for the three Rajya Sabha seats from Delhi that will fall vacant in January.

Rajan is currently Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business.

Rajan's name was also shortlisted for the Nobel Prize in economics recently. He was at the helm of India's apex bank between 2013 and 2016, where his initial task was cut out to control inflation and slide in the rupee caused because of Taper Tantrum.

Rajan had not applied for extension of his tenure at RBI when his tenure got over. Soon after he returned to academics. In recent past, he has aired his reservations about the note ban, that completes a year on Thursday.

AAP sources suggest that party's president Arvind Kejriwal is keen only on sending professional people to Rajya Sabha. The move to not field any party leader to the Rajya Sabha is also seen as an attempt to put an end to the intra-party rivalries. Kumar Vishwas, who has aired his discontent against the leadership is known to be one of the strong contenders.

Delhi has three representatives in the Rajya Sabha. As of now, the city-state is being represented by Janardan Dwivedi, Parvez Hashmi, Karan Singh, whose terms end in January.

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