Rajan Cautious on Panama Papers as Modi Hunts for India Cash

  • Modi set up probe to investigate citizens named in reports
  • So-called `black money' has been a hot topic in India politics

The Impact of Monetary Policy in India

India’s central bank Governor Raghuram Rajan urged caution on drawing premature conclusions a day after the government announced an investigation into the reported offshore accounts of hundreds of citizens, from Bollywood stars to business tycoons.

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