-Ideas for India In this article, Pronab Sen, Country Director for the India Central Programme of the International Growth Centre, argues that India’s recent demonetisation has penalised virtually the entire informal sector, and perhaps damaged it permanently. At the stroke of the midnight hour of 9 November 2016, India lost 86% of its monetary base. The media – print, electronic and social – has been fulsome in its praise of Prime Minister...

-BBC India's latest crackdown on black money is turning out to be a nightmare for the poor and the middle class. Three days after 500 ($7) and 1,000 rupee notes were withdrawn as part of anti-corruption measures, hordes of panicky people are thronging banks and ATMS to deposit expired money and withdraw lower denominations to run their lives. The queues are getting longer and angrier, and despite the government's loud promises, banks and...

-Livemint.com Demonetization could cause temporary pain to those who have unaccounted incomes One of the biggest issues which helped Prime Minister Narendra Modi capture power in 2014 was the promise to crack down on corruption and black money. Midway in his tenure, he has announced scrapping of currency notes of Rs.500 and Rs.1,000 to curb black money and other illegal activities such as counterfeiting of notes and money laundering. Given the fact...

-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...

-The Times of India NEW DELHI: All government servants may get a 'shield' from prosecution as the Centre has okayed changes in the Prevention of Corruption Act to make it mandatory for investigating agencies like CBI to take its prior approval before initiating an investigation against them. Union minister of state for personnel Jitendra Singh on Thursday said the purpose behind mandating prosecution sanction for government officers under the anti-graft law was...