In conversation with BJD MP Jay Panda.
Are banks expecting that some kind of restriction on cash withdrawals could become a more permanent feature of our system?
The Shekatkar committee report represents a starting point and makes a valuable suggestion – non-combat organisations must be reviewed and restructured.
The finance minister needs to begin to think of strategies to counter the negative impact of a tax war on business taxation.
After demonetisation, investors and those within the BJP intellectual community are confused: Will Modi take a socialist path or will he stick to being a market-friendly prime minister?
With the Regional Comprehensive Economic Partnership agreement, China has an opportunity to be an agenda-setter and demonstrate leadership on global trade.
The deal between the Gujarat state government and ONGC did not get the required approval from minority shareholders.
His sometimes low-key, yet determined manner of managing has worked wonders with TCS. Can he do the same, while cleaning up after the Mistry affair, with Tata Sons?
The prime minister could use the president’s suggestion that the poor need immediate relief after demonetisation, unveil radical measures in the upcoming budget and leave the Opposition speechless.
Is finance minister Arun Jaitley budgeting in the dark? One can’t have a strategy for economic revival without first estimating the economic impact of demonetisation.
To say that ‘agriculture’ has failed to keep up with the growth that the country has witnessed in the last 15 years is a clever ploy to cover up the neglect that has kept farmers impoverished.
The telecom regulator seeks to resolve the remaining aspects of net neutrality, namely speed and access.
Scholar who knew the task of an economist is not just to measure inequality but to find ways to reduce and eliminate it.
India clearly lacks the adequate infrastructure required for becoming a cashless system. Among BRICS nations, in this regard, it is a laggard.
While manufacturing emerged as the largest employer outside the agricultural sector in 2005-2013, livestock farming employed double the amount of workers during the same period.
Smaller informal economy players have totally lost out in this bizarre game, when they sold their currency at a discount only to help hawala dealers and middlemen make huge profits.
The Modi government’s key economist believes the Rs 400 crore figure oft quoted is an old statistic and one spread by P. Chidambaram. He is wrong.
When the RBI signed off on demonetisation, its central board had the lowest number of directors in 15 years and only three truly independent directors.
Over the last three decades, under China’s infrastructure-led public investment boom, total aggregate debt has grown from $2.1 trillion to $28.2 trillion.
Universalising pensions and maternity benefits is a rare case of consensus between the government, economists favouring basic income and civil society groups.
The greater and longer the pain of demonetisation, the greater is the degree to which one of its key premises is undermined.
Principles of social welfare and better governance do not necessarily contradict the several arguments in favour of universal basic income in the Indian context.
The new black money disclosure scheme will start from December 17 and continue up to March 31, 2017.
The first phase of Modi’s demonetisation exercise, until December 30, 2016, could be viewed as a “sunk cost”, after which the old notes be remonetised.
The celebrated economist says a progressive property and income tax, greater say for workers in companies and an education system that is less biased against the poor will do more to reduce inequality than the fashionable proposal of a ‘basic income’ for all.
Everyone knows why the previous governor of RBI had to leave. Urjit Patel understands the circumstances under which he assumed charge but has still risen to the occasion.
Stagnation of wages for low-skilled persons can be a possible economic variable shaping the pattern of voting behaviour that led to Donald Trump’s victory.
Perhaps the biggest casualty of demonetisation has been the central bank’s loss of autonomy as it has allowed the government to ride roughshod over it.
Even if Modi’s surgical strike on black money was Intended for the UP Polls, is this not acceptable?
Demonetisation could have a contractionary and deflationary effect if the government does not increase spending to compensate for extinguished currency.
The original assumptions underlying the decision remain unclear, but it seems to be causing considerable harm. Although popular right now, demonetisation may not end up being a good bargain.
Did the government count its chickens before they hatched? Demonetisation as a means of extinguishing black money may be a pipe dream now.
The worst hit sectors by demonetisation are the automobile, consumer and the realty sector. The banking sector, on the other hand, has had a differential impact.
Undertaking this demonetisation exercise is not merely an ‘inconvenience’ to those on the edge. It is a matter of life and death.
In an October speech, Reddy noted that there is “a subsisting interest in influential policy circles to keep a window for round-tripping” open.
Summers, a proponent of doing away with larger-value currency notes, says it is highly problematic for the government to expropriate from even a few innocent victims who do not manage to convert their money.
A SBI research report pointed towards rumours of demonetisation and the logistical nightmares that would follow. A RBI circular tried to prevent the chaos being seen at ATMs today. Were they not taken into account?
An equity firm has estimated that GDP growth will crash to 0.5% in the second half of the current financial year.
Will the supply of India’s vegetables and fruit falter before the new currency notes are widely circulated? And what will happen to farmer incomes in the short and medium-term?
After waiting for new currency notes for a few days, many small businesses have already started accepting old currency notes of 500 and 1000. This trend may increase in the coming days