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Tag: demonetisation exercise

4 Results

  • More embarrassment

    More embarrassment

    November 8, 2016, is fast beginning to “rival” June 25, 1975, as a Black Day in Indian democracy. Like Banquo’s ghost, the demonetisation exercise (fiasco?) keeps cropping up to cause considerable embarrassment to the government in general, its finance managers in particular. So while the ATM that dispensed “toy” notes in South Delhi may turn …

    February 23, 2017
  • More embarrassment

    More embarrassment

    November 8, 2016, is fast beginning to “rival” June 25, 1975, as a Black Day in Indian democracy. Like Banquo’s ghost, the demonetisation exercise (fiasco?) keeps cropping up to cause considerable embarrassment to the government in general, its finance managers in particular. So while the ATM that dispensed “toy” notes in South Delhi may turn …

    February 23, 2017
  • RBI’s annus horribilis

    RBI’s annus horribilis

    The demonetisation exercise has caused economic mayhem in India. This has been discussed threadbare in the media. In the last year, the Reserve Bank of India introduced a new monetary policy regime with some fanfare. Among other things, the RBI was to be given more autonomy in the conduct of policy. Through the demonetisation decision …

    January 17, 2017
  • Economists question benefits of demonetisation exercise

    Economists question benefits of demonetisation exercise

    With the government expected to get almost entire Rs.14 lakh crore demonetised currency back into the system by December 30 deadline, economists are now questioning the benefits of the demonetisation exercise. Around Rs.11.55 lakh crore has come back to the banks, Reserve Bank of India (RBI) Governor Urjit Patel said on Wednesday. The government expects …

    December 7, 2016