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Monday, May 6, 2024
TopicCurrency

Topic: currency

Talk Point: Was the short-term disruption worth it? The answer is a qualified “no”

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?

Talk Point: Demonetisation hasn’t even attacked 1 per cent of the black money

Exactly a year ago, Prime Minister Narendra Modi announced an ambitious but enormously disruptive decision to invalidate Rs 1000 and Rs 500 notes, ostensibly...

Talk Point: One should not hyper-analyse a particular shot fired in a war

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?

Talk Point: SME sector is yet to see its output recover to pre-demonetisation levels

Economic activity in the informal sector are yet to recover from the shock as no job creation seems to have taken place in this sector.

RBI data isn’t enough to argue if demonetisation was a success or failure

It's premature to decide whether demonetisation is a success or failure, write economists Jagdish Bhagwati, Vivek Dehejia and Pravin Krishna.

Demonetisation data shows it failed on many counts, but had some long-term benefits

Since there were multiple objectives of demonetisation, one cannot completely say whether the experiment was a failure or a success.

On Camera

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.