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Topic: demonetisation

RBI Headquarters in Mumbai

India set to patch up with Nepal over currency crisis, make high-value notes legal tender

RBI will soon issue a notification allowing the circulation of Rs 2,000, Rs 500 and Rs 200 notes in Nepal.
Queues outside an ATM after demonetisation was announced

It’s time policy makers acknowledge the real problem facing India’s shadow banks

The collapse of the highly rated infrastructure operator-financier IL&FS Group exposed the fault lines under Indian shadow banks’ impressive credit edifice.
Modi

By 2017, Modi had belied the hopes he raised in 2014

Modi rapidly expanded same welfare schemes he had called a leading symbol of India’s economic underachievement under the Congress.

Can 2019 budget revive economy & win back note ban/GST-hit voters or too little, too late?

Acting Finance Minister Piyush Goyal delivered the 2019 interim budget Friday. The budget included several pre-poll promises such as income support for farmers, pension plans for the unorganised sector, and tax relief for the lower middle class. ThePrint asks: Can 2019 budget revive economy & win back note ban/GST-hit voters or too little, too late? Sops become fiscally unmanageable if their long-term soundness is not thought through Renuka Sane Associate Professor, NIPFP The interim budget has provided social security coverage for workers in the unorganised sector. A pension scheme has been promised that will provide an assured monthly pension of Rs 3,000 per month. The government has also promised a rural employment scheme. In the short run, this might provide cheer to unorganised sector. Social security might smooth consumption for really poor households, and allow them to become entrepreneurial and take risks that might have benefits for the economy. However, it is not clear what the mechanics of...
President Ramnath Kovind with Prime Minister Narendra Modi | PTI

President Kovind delivers a prime ministerial speech that would make Modi proud

In his address to Parliament, President Ram Nath Kovind praised demonetisation, surgical strikes & Rafale, and made many comparisons between pre- & post-2014.
Narendra Modi

Demonetisation made homes affordable to youth, says PM Modi

PM Narendra Modi was speaking at a gathering after laying the foundation stone for extension of the new terminal at Surat airport in Gujarat.
Congress leader P. Chidambaram at the conference | Manisha Mondal/ThePrint

Govt’s ‘malicious negligence’ to blame for National Statistical Commission resignations: Chidambaram

Senior Congress leader Chidambaram said the resignations marked the death of another "venerable" institution under Modi's watch.
Indian two thousand and five hundred rupee banknotes|: Dhiraj Singh/Bloomberg

May need more currency as GDP size increasing, says RBI

Demonetisation caused a shrinkage in currency, but a growing GDP could require more currency in the system. 
1,000 rupee notes that were banned due to demonetisation

41 years ago, Morarji Desai’s govt also demonetised high value banknotes

On 16 January 1978, the Janata Party-led government demonetised Rs 1,000, Rs 5,000 and Rs 10,000 banknotes to weed out black money.

India is yet to recognise the soft power of making its rupee an international currency

We must look North—and see the rise of the renminbi.

On Camera

PM Narendra Modi | Suraj Singh Bisht/ThePrint

4 reasons why Modi remains in the hunt for a second term

Without these 4 factors, Modi & BJP’s fortunes would have been sunk by govt's dismal performance on the economy, jobs & reckless steps like demonetisation.
GoT

Did the last season of Game of Thrones let down its legions of fans?

Many Game of Thrones fans across the world have demanded a remake of the 8th season of Game of Thrones saying the script didn’t match their expectations.

Defence

After 10-year wait, defence ministry to grant ex-servicemen status to military nurses

Military nurses had been seeking to be treated at par with other military officers, including doctors.
Illustration: Soham Sen | ThePrint

If Pragya Thakur wins this Thursday, Modi is in for an embarrassing 5 years

Never has one constituency had such a bearing on Indian nationalism and the pretence of a Gandhian polity. So what if PM Modi doesn’t forgive her in his heart?