The former RBI governor, who participated in the 'Bharat Jodo Yatra' of Rahul Gandhi, has repeatedly made doomsday predictions about India's economic growth (only to fail each time).
Recently released repport report by Canadian government read, "Budget 2024 announces that the government is exploring new measures to expand access to alternative financing products, like halal mortgages. This could include changes in the tax treatment of these products or a new regulatory sandbox for financial service providers while ensuring adequate consumer protections are in place."
Only Raghuram Rajan himself can explain the reasons and motives, I can only speculate. My guess is, that he is desperate to become India’s next PM if not FM
Raghuram Rajan claimed that as government can find out who donated money to opposition parties, cash is used for election purposes giving context of money recovered from premises linked to Congress MP Dhiraj Sahu
Talking about the former RBI Governor, the minister said, "So, this kind of shadow-boxing Raghuram Rajan is doing is not a fair thing. He is a very well-accomplished economist. I request him to stay as an economist or turn into a politician."