How does Narendra Modi’s demonetisation “surgical strike” help deal with the problem of black money in politics? The answer is simple: It doesn’t.
Either parliament has been misled by the government or claims about the supply of new currency by the RBI are flawed.
While both leaders have helped create a spectre of interactive political communication that shields the politician from any real accountability, Trump has turned immaturity into a political doctrine.
The telecom regulator also takes aim at India’s Universal Service Obligation Fund and says it should be tapped for providing free 100 MB to rural Internet users.
While citing the Wanchoo Committee’s recommendations on demonetisation, the prime minister conveniently left out that the committee was against voluntary disclosure and tax amnesty schemes.
Deposits in excess of Rs 5,000 will only be credited once, and that too after the depositor is questioned as to why the notes weren’t deposited earlier.
Trump’s protectionist policies, which will have global ripples, are bound to affect the financial stability of South Asian economies.
At stake is the eventual legal status of weapons that are activated without direct human intervention.
The greater and longer the pain of demonetisation, the greater is the degree to which one of its key premises is undermined.
Though India will be affected and the rupee may weaken, comforting levels of foreign exchange reserves will likely soften the blow. Emerging economies with high external debt measured in US$ will suffer more.
The apex bank has repeatedly said that there are enough new notes available in the banking system. But the numbers they are providing show a different reality.
The new black money disclosure scheme will start from December 17 and continue up to March 31, 2017.
Self-censorship by Amazon comes at a time when the company is worrying about regulatory and legal obstacles on the e-commerce front in India and when our political atmosphere is going through a particularly prickly phase.
Despite the hardships being faced by the working class due to the note ban, the rhetoric of fighting corruption and targeting the wealthy means they are bearing the pain in silence.
A move allegedly aimed at ending the generation of unaccounted income that has nothing to say about the funding of political parties is not credible.
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.
What are the technical, legal and jurisdictional issues around the recent Twitter and email hacks claimed by the ‘Legion Crew’, and what can targeted entities do to better protect themselves?
India falls well short of the pre-requisites needed to become a digital economy.
The RBI’s decision to support the note ban and its flawed implementation have exacted a price from the economy in general but the poor in particular.
Leveraging the job creation opportunity presented by the digital economy is a ‘natural fit’ for India, with demonetisation the perfect exercise for it.
There’s pain, both private and public, as dreams begin to shatter in the prime minister’s constituency post demonetisation.
Not only are villagers unable to access timely medical care because of the lack of cash, nutrition levels are falling, making people more vulnerable to illness.
Even as the Modi government pushes India towards a digital and cashless economy, the premier body for legally resolving cyber-fraud disputes is a practically non-functioning entity.
The scheme will give tax dodgers another chance to come clean by paying 50% of tax on the junked currency deposited in banks post demonetisation.
India should look to tap increasing Chinese foreign investments and imports, as well as make travelling in India more attractive for Chinese tourists.
Digital payments are largely one-sided click-wrap agreements that come with an absence of data and legal protection.
The impact of the contractionary demand shock triggered by the note ban will gradually radiate from cash-intensive activities to virtually every sector of the economy.
About 250 years ago, Bengal suffered a debilitating famine under colonial rule, partially brought on by changes in the colonial currency system.
Large companies have begun their ground work, but small and medium enterprises don’t seem ready for the new tax regime.
What do the hackers behind the Rahul Gandhi, Mallya and NDTV account breaches want? Are they all part of the same group? How did this happen? Why did this happen? The Wire breaks it down.
As demonetisation woes deepen, an Osmanabad bank does little to recover Rs 352 crores owed by two sugar factories, but threatens 20,000 farmers who owe it Rs 180 crores with public humiliation.
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.
Under fire from some of its members, the chartered accountant organisation has deleted its earlier ‘don’t question the government’ fatwa.
By embodying killers, we risk making violence more tantalising, training ourselves in cruelty and normalising aggression.
A look back at how demonetisation has affected everyday lives and the country’s economy since it was enforced.
In the India-Switzerland agreement, there is no sense of urgency to bring back the kind of black money that will increase tax revenues without burdening the common person.
S&P BSE Sensex and Nifty50 lost nearly 3.5% each. Only Mexico, Brazil and Philippines did worse at the global level, data show.
Chartered accountant K. Chitra gave up her comfortable job in the city to become an organic farmer. But the process of setting up and running a farm is far from easy, yet she perseveres in her goal to do something for society.
Nineteen billion notes of Rs 100, 50 and 10 denomination released so far, says the RBI. Would engaging foreign printing presses have helped with the Rs 500 and Rs 2,000 note supply crunch?
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crore of these right after.