The cryptocurrency is now starting to challenge gold as the investment of choice.
While Modi’s statements about the economy fall flat when compared to data, most of the promises the prime minister made are simply new packaging on old schemes.
Calculations based on the meagre numbers the RBI has released prove that the government’s aim of extinguishing black money has fallen flat.
A daily round-up on the human impact of demonetisation.
Even if Modi’s surgical strike on black money was Intended for the UP Polls, is this not acceptable?
Patel spoke to PTI about the measures being enacted by the RBI and government to ease the process of demonetisation and the reasons behind the move.
The Modi government has reneged on a significant compromise on national language made during the constituent assembly debates – the Munshi-Ayyangar formula.
P. Chidambaram discusses how demonetisation has impacted our economy, what he would have done had he been finance minister now and more.
The government will introduce the new notes with more security features, while the notes of lower denominations will continue to be legal tender.
In this Facebook live session, M.K. Venu, one of the founding editors of The Wire, discusses the political economy of this decision and answers questions from viewers in realtime.
Aimed at combating corruption and black money, this move will also cause a lot of short-term pain and chaos for the working class, small businesses and anybody who deals with cash on a daily basis.
Rajan’s extension seems imminent because the global opinion appears to suggest that an extension to the RBI governor’s tenure would provide much needed stability to the domestic financial system.