Nepal has banned Indian notes because New Delhi is refusing to exchange old demonetised currency since Kathmandu hasn’t acted on its demands for Madhesis.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
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.
The Govt of India, as stated by Rakesh Sood, distinguished fellow at the Observer Research Foundation and India’s former ambassador to Nepal, has been wrong in not accepting the request of Govt of Nepal in exchanging the Demonetised Currency with the currency that has replaced it as it has done for all of us in India as also for the currency held with other neighbouring countries where also the Indian Currency is accepted for the normal usage.
The reasons for the Govt of PM Modi to do what it has done vis-a-vis Govt of Nepal is not just about the Madehsi issues but also that it believes that it will obliterate whatever amount that it sees as the benefit of Demonetisation and the addition to its coffers.
The Govt of India, as stated by Rakesh Sood, distinguished fellow at the Observer Research Foundation and India’s former ambassador to Nepal, has been wrong in not accepting the request of Govt of Nepal in exchanging the Demonetised Currency with the currency that has replaced it as it has done for all of us in India as also for the currency held with other neighbouring countries where also the Indian Currency is accepted for the normal usage.
The reasons for the Govt of PM Modi to do what it has done vis-a-vis Govt of Nepal is not just about the Madehsi issues but also that it believes that it will obliterate whatever amount that it sees as the benefit of Demonetisation and the addition to its coffers.