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Tackling black money
17/11/2016

On November 8, the US elected Donald Trump, and our government decided to trump black money. The move to discontinue the higher denomination notes in circulation is bold. However, boldness is not a virtue in and of itself. It needs good company. The decision creates some benefits, but it …

The Modi government's hit on black money may well go down as one of India's biggest economic blunders, or his greatest achievement. How quickly things will normalize remains to be seen. Whether one agrees with the move or not - it's implementation has surely been bungled badly and the collateral …
A note on demonetization
16/11/2016

Impact of demonetization
16/11/2016

The demonetization of Rs 500 and Rs 1000 amounts to a significant monetary tightening especially for the informal sector and is likely to affect production and economic activity in this quarter. Rs 500 notes constitute the bulk of the currency used for transactions in the Indian economy. Along with …
Impact of Demonetization: What to expect?
16/11/2016

The demonetisation of the 500 and 1000 rupee denomination notes has removed 86 per cent of the currency from circulation. It is argued that there are agents in the economy who are hoarding currency as a method for storing savings, especially by people earning unaccounted or illegal incomes. Demonetisation has …