-The Indian Express Ban on Rs 500, Rs 1000 notes deals with stocks of black money. But push to a cashless economy is premature. The sudden and dramatic announcement by the prime minister banning Rs 500 and Rs 1,000 notes issued by the Reserve Bank of India has a number of objectives. Among them are tackling counterfeit notes, curbing black money and restricting finance for subversive activities. While progress will be made by...
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In one stroke, demonetisation has shaken the trust our monetary system is based on -Devangshu Datta
-Scroll.in Even the long-term benefits of the move seem to be outweighed by the heavy costs and disruption it would cause, particularly for the lower income groups. The demonetisation of Rs 500 and Rs 1,000 currency notes came as a surprise to almost everyone. The details of re-monetisation are still to become entirely clear. What follows is a set of personal opinions of likely outcomes arising from this move to demonetise. Each...
More »Rs 500 and Rs 1000 notes scrapped! Don't panic, here is your full guide on what to do at banks and ATMs
-The Financial Express In one, quick, out-of-the-blue stroke, the Modi government has rendered your existing Rs 500 and Rs 1000 currency notes worthless! In one, quick, out-of-the-blue stroke, the Modi government has rendered your existing Rs 500 and Rs 1000 currency notes worthless! And, that must have surely left you wondering what you will do with your stash of money in denominations of Rs 500 and Rs 1000. While there will be...
More »The overrated urban spinoff -Raghav Gaiha
-The Indian Express Agriculture’s contribution to poverty reduction is five times more than that of metropolitan centres Speaking at the third BRICS Urbanisation Forum in Visakhapatnam on September 14, Deputy Chairman of the Niti Ayog, Arvind Panagariya, announced that “Without cities we can’t grow rapidly”. He added, “urbanisation plays an important role in poverty alleviation”. Both claims are exaggerated and somewhat misleading. A recent report prepared for the UN points out that, over...
More »Dropout pill: Aadhaar tabs on all students -Basant Kumar Mohanty
-The Telegraph New Delhi: The Centre plans to track every student enrolled in every private or government school in the country by their Aadhaar numbers to keep tabs on dropout rates. Those among the 26 crore students who do not have Aadhaar cards will be given a unique 18-digit number by which they will be tracked till they get their Aadhaar numbers. The idea behind the ID-based tracking system is to log the...
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