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Why Demonetisation Will Not Eliminate Black Money or corruption -Abusaleh Shariff and Amir Ullah Khan

-TheWire.in Demonetisation will only affect those who conduct transactions in cash, are not a part of the formal banking system or have not converted their cash into assets. The government’s demonetisation of Rs 500 and Rs 1000 notes is a contentious issue, but is understandable. Such schemes may have not worked in the past, but a political commitment had to be honoured. The question is not whether the government is right for...

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Amid black cash hunt, Supreme Court moved on political gifts -J Venkatesan

-The Asian Age Prashant Bhushan has filed this application in the pending petition challenging the arbitrary appointment of the CVC. New Delhi: Common Cause organisation has approached the Supreme Court regarding bribes paid to prominent politicians by corporate groups, as revealed during the raids by income tax department and the CBI in 2013 and 2014. Advocate Prashant Bhushan has filed this application in the pending petition challenging the arbitrary appointment of the chief...

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India needs strategy for dal production; here?s why -Yoginder K Alagh

-The Financial Express There is by now substantial agreement amongst analysts that a strategy for dal production which ensures supplies and a reasonable degree of self-reliance is sorely needed, and the country cannot go from one crisis to another without a well-worked-out policy. However, the discussion is flawed on its assessments of what governments can and cannot do and on the lack of a short and medium strategy to enhance production....

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Shock and oh damn -Pronab Sen

-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...

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How India's currency ban is hurting the poor -Soutik Biswas

-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...

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