-BusinessToday.in Two years PRIor to demonetisation, the currency, as well as the nominal growth in the economy, was in the range of 10-12 per cent. But in the last two years, currency in circulation has grown by 14-16 per cent whereas the nominal GDP growth has been lower. Five years after demonetisation, the cash in the system is back at a much higher level. The government had demonetised the high-value notes of...
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Why Modi laughed so much in the wake of Demonetisation -Ranjona Banerji
-National Herald Why do we cry now that this government doesn’t care about those who suffered and died from Covid? They felt nothing as millions of Indians struggled after notebandi on Nov 8, 2016 The anniversary of Narendra Modi’s demonic demonetisation is tomorrow, November 8. If people really ever believed that “Acche din” (good days) and “vikas” (development) were on their way, they knew in their heart of hearts at 8 pm...
More »Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this? -TR Bhat
-Scroll.in There must be consultation and greater co-ordination between the Reserve Bank as the regulator of money supply and the government as the sovereign. While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of India as the PRIncipal regulator of money supply in India. In understanding the controversial conduct...
More »The long road to timely MGNREGA payments -Rajendran Narayanan and Anuradha De
-The Hindu There remain delays in the stage where the Central government transfers wages to the workers’ accounts There is a famous parable of the 13th-century mystic Mullah Nasruddin. He was once spotted under a street light searching frantically for a key that he had lost. A passer-by noticed the frazzled Nasruddin and stopped to help him. After both of them spent a long time searching for the key, the exasperated passer-by...
More »‘Jai Bhim’ director Tha Se Gnanavel: ‘More brutal than lock-up torture is the silence of society’ -Nandini Ramnath
-Scroll.in The Suriya-led legal drama is based on an actual incident of police brutality in Tamil Nadu. Tha Se Gnanavel’s phone has been ringing non-stop ever since his movie Jai Bhim started streaming on Amazon PRIme Video on November 2. “I thought people would say this is a good film, but the response has been far more than expected,” Gnanavel told Scroll.in. “The film has now has led to a discussion. In...
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