The change in demonetisation discourse, from dirty to digital cash, is a tribute to the prime minister's communication skills and his magisterial control over public opinion.
The economy is showing steady expansion, with the IMF forecasting growth of 7.3 per cent in the fiscal year through March 2019 and 7.5 per cent in the next.
The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation.
Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
Demonetisation has not blown over in two quarters. Two years later, it is still hurting the real economy. Loss of 2% of GDP was spot on. That it was not a masterstroke became obvious in a few days. Almost each evening, Shaktikanta Das was on TV, changing the welter of regulations required to deal with a decision no one had thought through, much less war gamed. Given its impact on the economy, not possible to offer a Mea culpa, although no one talks about it any longer. As part of the overall management of the economy, it will show up on the EVMs next year.
Demonetisation has not blown over in two quarters. Two years later, it is still hurting the real economy. Loss of 2% of GDP was spot on. That it was not a masterstroke became obvious in a few days. Almost each evening, Shaktikanta Das was on TV, changing the welter of regulations required to deal with a decision no one had thought through, much less war gamed. Given its impact on the economy, not possible to offer a Mea culpa, although no one talks about it any longer. As part of the overall management of the economy, it will show up on the EVMs next year.