Thursday, 23 May, 2019
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Topic: demonetisation

shagun notes

Modi govt nudged RBI for ‘shagun’ notes – Easing Hindu practices or irrational economics?

Before its disruptive demonetisation exercise in 2016, the Narendra Modi government was thinking of introducing bank notes of Rs 11 and Rs 21—denominations that are widely used for ‘shagun’ at weddings or other auspicious occasions.

Modi staying away from Parliament amounts to political obscenity

ThePrint view on the most important issues, instantly.
Indian currency notes

Nepal wants RBI to declare Rs 200, Rs 500 & Rs 2,000 currency notes as legal tender

RBI has only allowed the circulation of Indian currency notes of Rs 100 and less in Nepal & provides exchange facilities for bills of these denomination.
Indian Rupee

Before demonetisation, Modi govt nudged RBI to introduce ‘shagun’ Rs 11, Rs 21 bank notes

The proposal, however, was given a silent burial after RBI raised objections and the government turned its attention to demonetisation.
A man holds a Rs 2000 banknote | Dhiraj Singh/Bloomberg

Rs 2,000 note on its way out as govt looks to ‘cut tax evasion, hoarding’

A selection of the best news reports, analysis and opinions published by ThePrint this week.
Two thousand rupee banknotes | Dhiraj Singh/Bloomberg

India stops printing Rs 2,000 note, two years after its shock launch

The Modi government suspects the Rs 2,000 note is being used for hoarding, tax evasion and money laundering.

MSME loan restructuring has only postponed bad assets problem of banks

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The little guy is the Indian person of the year in 2018

The deeper problem is that no matter how many govt schemes there are for the poor, the system works more for the privileged, less for the little guy
Representational image

This is what global experts have found studying demonetisation, while Modi looks away

Economists have dug through data, & here’s what they found about shock that still lingers over India’s economy, politics, society & markets.
File image of Gita Gopinath | Andrew Harrer/Bloomberg

Demonetisation hit growth by 2% points, says paper by Gita Gopinath & 3 other experts

The paper says Q4 of 2016 saw a contraction in employment and nightlights-based output in India due to demonetisation.

On Camera

Shoppers walk through South City Mall in Kolkata | Brent Lewin/Bloomberg

Wrong to raise alarm over slowdown in India’s consumption

Consumption cannot bail out an ailing economy. It is the consequence of a good or bad economic environment, no matter which way we calculate GDP.
aap

Is AAP’s Arvind Kejriwal also guilty of treating Muslims as an unthinking votebank?

Days after Delhi voted in the Lok Sabha elections, AAP convenor Arvind Kejriwal said the Muslim vote “shifted” to the Congress at the last minute.

Defence

A Rafale fighter jet, manufactured by Dassault Aviation SA

Break-in at IAF’s Paris office handling Rafale procurement, cops probe espionage angle

The IAF's office in Paris houses the team that coordinates with Dassault Aviation on manufacture of Rafale jets and the weapons package onboard the aircraft.
Prime Minister Narendra Modi in Varanasi in 2014 | Commons

Pracharak Modi: The mask you see, is the man you get

India has its first leader who is unapologetic about belonging to the social and political Right. This is how Shekhar Gupta foresaw Modi’s five years in this National Interest within three months of his victory in 2014.