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Note ban was reason Raghuram Rajan left: Chidambaram

Note ban was reason Raghuram Rajan left: Chidambaram
New Delhi, Feb 10 (IANS) Former Finance Minister and senior Congress leader P. Chidambaram on Friday said that a five-page letter speaking against demonetisation was submitted to the Centre by "someone in the Reserve Bank of India" on the day Raghuram Rajan stepped down from the post of Governor of the apex bank.

Chidambaram dared the government to make the letter public.

Chidambaram made this comment at an event organised to launch a book written by him -- 'Fearless in Opposition, Power and Accountability'.

 

"If the government is transparent, it should make that note (letter) public. The note was written on behalf of RBI. It was about demonetisation arguing why it should not be implemented," Chidambaram.

Chidambaram said demonetisation was one of the reasons why Rajan left.

"They (government) made it so difficult for Rajan to continue and, in retrospect it appears, one of the reason he was made to leave. They wanted to demonetise currency and Raghu was opposed it," Chidambaram said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Note ban was reason Raghuram Rajan left: Chidambaram

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.