Debate Highlights

Was Raghuram Rajan Warned About UPA's 11th Hour 20:80 Gold Scheme Sabotage? Here Are Arnab Goswami's Views

Written By Ankit Prasad | Mumbai | Published:

On Wednesday, Republic TV accessed documents from the India Bullion and Jewellers Association that proved that then RBI governor Raghuram Rajan had been warned about the potential consequences of an 11th hour change by the UPA government that allegedly "sabotaged" its own 20:80 Gold Scheme.

The letters revealed that the policy change, which was notified by the RBI mere days in the days between the 2014 election results and the Modi government's swearing in, had given an advantage to private players. It also described in detail a circular/fictitious Gold export modus operandi and warned of serious consequences for the economy if action wasn't taken.

Here are the complete contents of the letter to Raghuram Rajan.

On Wednesday's primetime edition of The Debate, Republic TV's Editor-in-Chief Arnab Goswami aired his views on the matter. 

Watch what he had to say in the video above.