AMN /
RBI Governor Raghuram Rajan has said that he finds it easier to file his tax returns in India, as compared to the US. During a discussion at the Chicago Booth School of Business in London, Dr Rajan asserted that developed nations must do their part in tackling the problem of corruption as money taken out illegally from developing countries often find its way to places like London.
Replying to a question on whether corruption in India remained a big issue, he said, it is an important tax on the system which impedes good decision making and impedes economic growth.
Stating that it has come down significantly in India, Dr Rajan gave examples of railway ticketing and the tax department. He said, there is a very strong upsurge against corruption in India.
Indicating his interest in a second term as RBI Governor, Rajan said, he has enjoyed every moment of the job but there is more to do. Dr Rajan’s current three-year term as RBI Governor will end in September. The RBI Governor is currently on a visit to the UK for a series of lectures.
