-Business Standard Indian economy is showing signs of distress all around and economists are not off the mark in their assessment When Prime Minister Narendra Modi addressed the nation on November 8 and announced his government’s big move to tackle black money, currency counterfeiting and terror funding by banning old currency notes of Rs 500 & Rs 1,000, there were murmurs of protest. Since then, economists like Amartya Sen, Kaushik Basu and many...

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

The term 'development' holds a positive connotation for most policymakers. However, there are examples abound, which indicates that development also cause enormous misery to the people, particularly the poor and the marginalized. Take for instance, the organizing of 2010 Commonwealth Games, due to which massive infrastructural development in the national capital was undertaken when Sheila Dikshit was the Chief Minister of Delhi. It has been estimated that almost 2 lakh...

-The Economic Times Until a couple of weeks ago, few had heard about Anil Bokil or the socioeconomic thinktank he founded, the Arthakranti Pratishthan. On the street, he would not even have invited a fleeting glance. This changed after the evening of November 8, when Prime Minister Modi announced his plans to “demonetise” Rs 500 and Rs 1,000 notes. Arthakranti Pratishthan has been credited with sowing the seeds of “demonetisation” in the...

-CounterCurrents.org While much has been written and said about the demonetisation move by the government, the question of its legality has received scant attention. The issue however is not the desirability or the economic viability of the decision and the undoubted public and national interest it serves. The goal of eliminating black money from circulation is undoubtedly in public interest. While I unambiguously support the policy of removing black—untaxed—money from the...