Raghuram Rajan, former governor of the Reserve Bank of India (RBI), speaks during a news conference in Mumbai, India (Photographer: Prashanth Vishwanathan/Bloomberg)  

Did The Government Use Raghuram Rajan’s Exit To Push Through The Demonetisation?

The government’s November 8 announcement to withdraw notes of Rs 500 and Rs 1,000 took the nation by surprise. It meant that 86 percent of the country’s currency, by value, would become invalid ove...