The immediate consequences of the demonetisation of 500 and 1,000 rupee notes and their replacement by new 500 and 2,000 rupee versions have been widely discussed. This change has less obvious intermediate and long term consequences. Policy interventions set off many chain reactions which are difficult to forecast but here is an attempt to do that.
Three hundred and twenty billion dollars. That is the amount by which China’s gargantuan foreign exchange reserves declined by in 2016, according to the latest data that has been made available by the People’s Bank of China.
The deadline for turning in old currency notes fell on December 30, 2016. Only non-resident Indians and returning Indians (who were abroad during the period November 9 to December 30) can still make deposits of old notes, and only at the Reserve Bank of India.
Far from curbing black money and corruption, demonetisation has disrupted the economy.
That India’s economic momentum has slowed down is now beyond doubt. Advance GDP estimates and gross value added (GVA) for the current fiscal year from the Central Statistics Office clearly reveal the extent of the slowdown.
There was no effect on the outcome of election including the fact that there was no tampering whatsoever with voting machines, Trump said.
In 2017, the economy will see the benefits of the reforms from the previous year
A political and economic masterstroke would be for the Union budget to contain a basic income scheme for the bottom 50 percent — the poor and lower middle class
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The story of Afghanistan -- of the war against the Soviets and of terrorism that has gripped the landlocked country ever since -- is in many ways also the story of diplomat Masood Khalili, who motivated his people and led them...
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Over the Years, a collection of 106 short articles, offers us interesting sidelights on the currents and cross- currents in the public life of India during two distinctive periods: (I) 1987 to 1991 and (II ) 2010 to the present.