Demonetisation was a courageous policy decision fraught with high risks. The purported objectives of the decision were to eliminate fake currency, weed out black money, and address tax evasion. Later, digitisation of the economy was also added to the list of objectives. How has demonetisation fared on these objectives?
One year later, it is clear that the economic upside to demonetisation—if there is one—is a long-term proposition. How the government is going to ensure long-term gains is still unclear.
Exactly a year ago, Prime Minister Narendra Modi announced an ambitious but enormously disruptive decision to invalidate Rs 1000 and Rs 500 notes, ostensibly...
Demonetisation was the first major formal recognition by the Government of India that the issue of black money needs to be tackled decisively. What has India gained and lost from demonetization and what are the lessons learnt?
After the drama, we are now looking back not-so-fondly at demonetisation. We still have no answer to why there is a Rs 2,000 note and no Rs 1,000 note.
Over generations, Bihar’s bane has been its utter lack of urbanisation. But now, even Bihar is urbanising. Or let’s say, rurbanising. Two decades under Nitish Kumar have created a new elite in its cities.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Whethere Demonatisation and GST are a success or not is not important. What is important is that the Leader has the courage and conviction to lead from the front. Mr. Modi is a Leader.
Whethere Demonatisation and GST are a success or not is not important. What is important is that the Leader has the courage and conviction to lead from the front. Mr. Modi is a Leader.