The moving story behind why a refugee family from Afghanistan has been forced to sleep on the roads of Delhi.
C. Rammanohar Reddy speaks to The Wire about his recent book Demonetisation and Black Money, the impact of the policy on the masses and the government’s shifting narrative towards digitalisation.
In a recent discussion in Washington, the chief economic adviser talked on Aadhaar failure rates, pushing Universal Basic Income forward and how demonetisation’s popular response humbled him.
The constant extension of a deadline to reduce promoter shareholding could net Uday Kotak and his family members a hefty sum.
Demonetisation wreaked havoc upon the best quarter for advertisers but ad firms and media houses insist that the blip was a temporary one.
Will the Modi government’s digital push help it curb “excess cash” and print fewer notes than what was extinguished through demonetisation?
Since the censor board’s decision committee failed to agree on what classification to award the movie, the final call now rests with Pahlaj Nihalani.
With the end of the crisis in sight, the gains and losses from demonetisation can be assessed with some confidence.
The single-minded focus on GDP growth ignores the low income and, consequently, poor demand potential of the bulk of India’s population, downplaying the ill effects of poor policymaking.
Officials said Reddy and two associates were arrested yesterday under provisions of the Prevention of Money Laundering Act.
An extract from ‘Demonetisation Decoded’ by Jayati Ghosh, C.P. Chandrasekhar and Prabhat Patnaik, talking about what explains the government’s decision and popular support for it.
Extracts from C. Rammanohar Reddy’s Demonetisation and Black Money that explore whether the note ban had any impact on the rich, how Digital India entered the narrative and the impact of the move on the poor.
Despite the strong mandate, Modi still faces a struggle to implement reforms to boost growth and jobs.
People suffered but voting may have been driven less by anger over the damage to immediate economic interests than by their belief that a ‘decisive’ Modi would make them better off in the long run.
This ‘moral cleansing’ project of the prime minister has played a big role in enabling him to break through caste barriers to create a larger social coalition.
The 60-page report looks at the impact of the note ban on growth, inflation and a wide range of organised sectors.
Recent events show that Babasaheb Ambedkar’s fears of democracy giving way to dictatorship if the authority of its leaders remains unchecked may not have been unfounded.
Post demonetisation, the government has been focusing on increasing digital payments and even incentivising people to move away from cash payments.
The re-monetisation exercise should be completed in two to three months, RBI deputy governor Viral V. Acharya said on Monday.
In the Uttar Pradesh elections, the simple question of people wanting to create their own history shall remain buried along with democracy.
Latest news updates from the world of work.
We often tend to trust a statement or an argument simply because it conforms to our already-held beliefs, regardless of the strength or weaknesses behind its rationale and the veracity of its claims.
While the bank has denied rumours of a potential merger, what issues need to be considered? The bank’s operations and the state of its loans needs to be minutely examined.
Sharp estimate revisions, channel stuffing and the hypothetical schism between formal and informal sector growth. What makes sense, what doesn’t and what is perhaps slightly questionable?
Campaigning in eastern UP, Modi has tried every trick in the book – polarisation on communal lines, fiscal giveaways and pitting the poor against the rich.
Has the government simply kicked the can down the road?
Forcing people to use digital payment methods will require the government to increase the cost of using cash, which will be a greater burden for the poor.
Discussion on serious economic challenges currently faced by India is either absent or trivialised in this year’s Economic Survey.
Despite the hardships, why do many people continue to back what most economists and analysts have termed a bad policy?
UP’s assembly elections will reveal voters’ ability to separate the truth from the fanfare of election rhetoric, number crunching and exit polls.
The rationales behind the surprise move – targeting black money, terror financing and building a cashless economy – have all failed to elicit results. Why then was this exercise undertaken at all?
While demonetisation and the resultant hardships have tarnished the reputation of the BJP-led central government, the Samajwadi Party’s record of criminalised politics may become a roadblock for it.
With little hope for normalcy even 100 days after the note ban, there is an urgent need for providing relief and compensation to those who have been most affected.
If the government is serious about addressing the black economy, fundamental changes in the structure and organisation of the economy and politics are required.
A survey of daily wage labourers in Ranchi and surrounding rural areas shows that demonetisation was more than a short-lived shock for the informal sector.
A drastic decline in residents’ employment opportunities and incomes since the note ban has added to the existing woes of hunger, malnutrition, poor sanitation and drainage congestion.
If an economic slowdown occurs due to demonetisation, the self-worth and honour of the extremely backward castes communities may be affected. How this plays out in the upcoming state assembly elections remains to be seen.
When a man has his back to the wall, he sometimes loses control over his tongue.
Both the former and current RBI governors are surely acquainted with the Gujarati saying “Kona Baapni Diwali”. This cannot be the Centre’s stance when it comes to solving India’s NPA crisis.
Unusual citations in the survey could indicate the awkward situation of the chief economic adviser, in the face of interference by the finance minister or even the prime minister’s office.