-Scroll.in Even the long-term benefits of the move seem to be outweighed by the heavy costs and disruption it would cause, particularly for the lower income groups. The demonetisation of Rs 500 and Rs 1,000 Currency notes came as a surprise to almost everyone. The details of re-monetisation are still to become entirely clear. What follows is a set of personal opinions of likely outcomes arising from this move to demonetise. Each...
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Here's What Raghuram Rajan Thinks Of Currency Demonetisation -Rimin Dutt
-Huffington Post It's not what most people are saying The government's Currency swap plan to withdraw Rs 500 and Rs 1,000 bank notes from circulation as a way to demonetise is being hailed by many banks and experts as the ultimate weapon against black money. However, demonetisation, as a strategy, isn't new and has been tried before with limited success. Here's what former Reserve Bank of India governor Raghuram Rajan once said during...
More »Demonetization: Witless and Anti-People -Prabhat Patnaik
-TheCitizen.in NEW DELHI: Narendra Modi went on national television at 8 p.m. on November 8 to announce that from midnight of that very date, i.e. in a mere four hours’ time, 500 and 1000 rupee notes would cease to be legal-tender. The justification advanced for this bizarre move was that it would strike at “black money”. An additional argument was thrown in, to the effect that fake Currency notes used by “terrorists”...
More »Rs 500 and Rs 1000 notes scrapped! Don't panic, here is your full guide on what to do at banks and ATMs
-The Financial Express In one, quick, out-of-the-blue stroke, the Modi government has rendered your existing Rs 500 and Rs 1000 Currency notes worthless! In one, quick, out-of-the-blue stroke, the Modi government has rendered your existing Rs 500 and Rs 1000 Currency notes worthless! And, that must have surely left you wondering what you will do with your stash of money in denominations of Rs 500 and Rs 1000. While there will be...
More »Towards a kerosene-free India -Abhishek Jain
-The Hindu With clean energy access a high priority for India, we must look beyond kerosene, ensuring alternatives After the success of Direct Benefit Transfer (DBT) for liquefied petroleum gas (LPG)/cooking gas, the government has now decided to launch DBT for kerosene (DBTK), starting with pilots in the State of Jharkhand. While the move is well-intentioned, it may not be simple to implement at scale, and may even fail to eliminate the...
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