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10 Big events that shocked India in 2016
Resignation of Raghuram Rajan...
Raghuram Rajan resigned as the RBI governor on 4 September 2016. He earned rockstar status in the financial industry for his achievements, which include lowering runaway consumer prices and stabilizing the exchange rate. On demonetization, he said: It is not that easy to flush out the black money. I would focus more on the incentives to generate and retain black money. A lot of incentives are on taxes. My sense is the current tax rate in this country is for the most part reasonable.
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