With P Chidambaram under scanner, Raghuram Rajan makes this revelation about 80:20 gold scheme
Raghuram Rajan was RBI Governor during that time and P Chidambaram was Union Finance Minister. In a statement, the commerce ministry said it will examine the circumstances as to why private parties were benefitted by allowing to import gold under 80:20 scheme by the UPA government when the government was in transition and will take necessary action against the persons involved.
Amid questions being raised over the 80:20 gold import scheme, former RBI Governor Raghuram Rajan said "objective criteria" was followed in liberalising the gold scheme. Image source: PTI