India Raghuram Rajan: "I Warned PM Modi About Demonetisation And I left Because...

Raghuram Rajan: “I Warned PM Modi About Demonetisation And I left Because Govt Didn’t Ask Me To Stay”

The former governor of the Reserve Bank of India (RBI), Raghuram Rajan has revealed that he had warned the Modi government about their decision to implement demonetisation. For the very first time, Rajan has spoken about the so-called demonetization drive in an interview to The Times Of India.

raghuram-rajan-warned-pm-modi-about-demonetisation
Source: India.com

“Certainly at this point, one cannot in any way say it has been an economic success.”

I Do What I Do: On Reforms Rhetoric and Resolve

- Advertisement -

Rajan’s new book titled, “I Do What I Do: On Reforms Rhetoric and Resolve” is all set release next week. In the book, he has clarified his stand on demonetisation which he conveyed to the government in February 2016. The first conversation was verbally but then he himself wrote to the central government stating the time to prepare for such a move.

Demonetisation’s Aim Has Not Been Met

99 percent of the currency has been deposited back into the banks, clearly, the aim has not been met.

raghuram-rajan-warned-pm-modi-about-demonetisation
Source: Hindustan Times

“It would be fair to say the intent was good. But certainly at this point, one still cannot in any way say it has been an economic success.”

NDA Or UPA? Which Government Is More Decisive Than The Other?

Rajan, in a smart way, skipped this question as he said it would be inappropriate and a betrayal of trust.

NOW YOU CAN GET THE LATEST BUZZ ON YOUR PHONE! DOWNLOAD THE PAGALPARROT MOBILE APP FOR ANDROID

Next Story

Hilarious Memes Hit The Internet After Sunny Deol Joins BJP

Famous Bollywood actor Sunny Deol joins the Bhartiya Janta Party today. As per reports, the 62 years old Gadar actor is likely to be...

Share

More From PagalParrot