Though the Governor of the Reserve Bank of India (RBI) had decided to step down because of criticisms, Sri Lankan Central Bank (CB) Governor continues to hold on to his post, amidst severe allegations and criticisms, the Joint Opposition charged today.
UPFA MP Bandula Gunawardane said Reserve Bank of India Governor Raghuram Rajan stepped down due to criticisms over his fiscal management, higher rates of loan interests, economic stability and inflation, followed by bad loans.
“But in here, Central Bank Governor Arjuna Mahendran is accused of day light robbery in the Central Bank. Not once but twice. The repercussions of these transactions are severe, which will result in a financial crisis. The Central Bank obtained Rs. 29 billion in March this year for a higher rate of 14. 23%. Even the International Monetary Fund (IMF) had warned about the high rates of interest. Moody’s had also ranked Sri Lanka’s economic outlook as negative,” he said. (Lahiru Pothmulla)
Comments - 10
Roshan Tuesday, 21 June 2016 11:40 PM
Hello Bandula allegations and action on the way. Be ready to step down from Parliament and step into Welikada. Keep your hands clean before you point your fingers at others.
Yes Wednesday, 22 June 2016 03:03 AM
Asian countries are confronted with severe corruption.
Katie Wednesday, 22 June 2016 09:25 AM
Our Sri Lankans have no shame. Agree that Mahendran should not be reappointed but Bandula is crying foul now as though he was a clean man. His integrity is also questionable. There are people like Rienzie Wijetilleke, Mahendra Amarasuriya and the likes who were good financial people select from them because they are neutral people.
karsha Wednesday, 22 June 2016 12:29 PM
Dear Hon. MP Mr. Bandula G. Did your former boss do that?
Konde bandapu cheena Tuesday, 21 June 2016 05:51 PM
Indiyawe ehema unata Lankawe eheme wenne neha,
Person of Interest Tuesday, 21 June 2016 06:03 PM
and we want a fair investigation on him!!!
Boonda Tuesday, 21 June 2016 06:04 PM
The comments in India is that the uneducated Modi can't work with RBI governer and so it goes well too in SL with JO too.
sobers Tuesday, 21 June 2016 06:15 PM
It is better for you to take over the post as you could organise to feed a family of four with Rs.2500.00.
Silva Tuesday, 21 June 2016 06:20 PM
Very very disappointing, PRES and PM, dont we have any suitable candidates in Sri Lanka to replace this guy ? ?
Raj Tuesday, 21 June 2016 07:05 PM
The teacher has not understood the reason for departure of Rajan. Teacher says Inflation and Bad debts. Actually Rajan brought down the Inflation drastically after he took office in 2013. And bad debts - He started cleaning up state banks and people who created large Non-performing assets to the state banks! This cleaning up made certain large industrial groups Unhappy!!
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