-The Indian Express Far from reducing opacity in how politics is financed, this new vehicle merely legitimizes it. It is an open secret that political finance in India is, to put it mildly, a sordid affair. When it comes to political contributions, opacity reigns. The situation is not much better when it comes to expenditure, as candidates regularly declare laughably small amounts of campaign spending in order to give the appearance...
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Paradise Papers: Seven Steps Modi Must Take Against Black Money -Prashant Bhushan and Yogendra Yadav
-TheWire.in Given his government’s record of inaction, however, the latest disclosures are also likely to sink without a trace. The ‘Paradise Papers’ expose carried out by the Indian Express in collaboration with a German newspaper and the International Consortium of Journalists (ICIJ) once again reveals the extent of the black money menace and the lack of political will to take it on. By now it is clear that the Narendra Modi government...
More »Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag
-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...
More »Demonetisation is a Clear Case of How Public Policy Should Not be Made -Arun Kumar
-TheWire.in Demonetisation as a means of tackling the black economy was destined to fail. What’s worse is that its ripple effects are having severe adverse effects on India’s economy. That 99% of the currency demonetised found its way back to the RBI has been known for some time. The surprise is why it took so long for the announcement to be made. An article in the Economic and Political Weekly in June...
More »RBI says 98.96% of Rs 500, Rs 1000 notes returned after demonetisation -Gopika Gopakumar
-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...
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