On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...
It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency notes. With hindsight, it’s clear that the high-decibel crusade supposedly aimed at unearthing black money and...
Was demonetisation a good idea, badly implemented? I have heard this from the supporters of the regime but, to my surprise, even friends who are otherwise critical believe this to be true.
Changing goal posts has been a hallmark of the precariously conceived and insensitively implemented demonetisation, second anniversary of which was yesterday (Nov 8). Finance Minister who declared Nov 8 as Anti Black Money Day...
In a paper that Desmond Fernandes and I wrote in the late 1990s, entitled “Deep Politics, Liberalisation and Corruption: The Mangalore Power Company Controversy”, a paper that exhaustively discussed implications to India due to...