In recent times, reports suggest that the Swadeshi Jagran Manch (SJM) may have been responsible for the premature end of the career of Subhash Chandra Garg who was the finance secretary of India for five months – from March to July 2019. He was shifted to the power ministry thereafter.
RSS officials and SJM economists reportedly met with the government to consult whether India should issue government bonds abroad to rake in foreign capital, a strategy which was red-flagged by previous RBI governors. The BJP government, which was initially on board with the plan, has now decided to review its decision.
When contacted by the media, Ashwani Mahajan, National Co-Convener of SJM refused to speak about the meeting. On the foreign currency bonds proposal, he said, that it is a risk not worth taking.
This incident aside, in the last year alone, SJM has criticised NITI Aayog for “killing jobs”, told the RBI that its profits belong to the government, tried to stop the Walmart-Flipkart deal, and wrote to the Prime Minister to take away China’s Most Favoured Nation status, among other things.