Powered bysps
        Society for Policy Studies

Economy and Business
After the November 8 demonetisation move, which has shaken the hoarders and black marketers, not to mention corrupt politicians, what next? Prime Minister Narendra Modi informed the BJP parliamentary board that his fight against black money will continue, as this was not the end but the beginning. “ Next year will be a naya saal, naya Bharat”, he assured.  

Eliminating 86% of the value of the currency with the public was bound to be a shock. The government has called this “short-term pain for long-term gain” and many citizens on TV have said they are willing to endure short-term pain. But what gain and by when?


As the debate continues over the costs and benefits of demonetisation it is evident that officialdom had underestimated the gap between the supply and the demand for currency notes. While some delay would have been anticipated in replacing 86 per cent of the value of the currency of one of the world’s largest economies, the continuing long queues every day before ATMs in the country’s metropolitan centres, including its capital, suggests things have not gone according to plan.


More than 15 billion pieces of Rs500 notes and six billion pieces of Rs1,000 (March 31, 2016 figures) got cancelled due to Prime Minister Narendra Modi’s surprise demonetisation announcement on November 8.

Recent weeks have seen the display of an element of forced optimism regarding India’s export performance; the commerce minister has argued that the evidence indicating that the declining trend in the dollar value of the country’s merchandise exports had bottomed out. 

On November 8, 2016, an announcement was made by the Prime Minister that currency of Rs 500 and Rs 1000 will cease to be legal tender henceforth. This decision is termed to be historical by many economists, who understand it as an onslaught on the black econ


The fight against counterfeit currency is far more complex, requiring stronger institutional intervention of the state. It needs a stronger national and international legal framework, legal empowerment of India’s intelligence and enforcement agencies, commensurate administrative measures and a very strong resolve to fight the menace, writes Gaurav Dixit for South Asia Monitor.



When the bold step to demonetise existing 500- and 1,000-rupee currency notes was taken last week, the ‘little inconvenience’ that went as a suffix pointed to the adjustments that had to be made by households which had to convert these notes into deposits or partly back into cash with the new currency notes. 



Eons back, former Prime Minister Indira Gandhi gave the clarion call of ‘Garibi hatao’ but it remained a pipe dream. Rajiv Gandhi, who succeeded her, too did precious little.  He tried hard to straddle between VP Singh and Sam Pitroda, but eventually left behind a forgettable legacy.



  Even though demonetisation of high-value notes will impact consumption in the short run, it is expected to pull down retail inflation to below 4% in November reading from 4.2% in October, a senior finance ministry official said on Wednesday.

< Previous ... 1 2 3 4 5 6 7 8 9 10 74 ... Next > 

(total 733 results)

Addressing entrepreneurs, policymakers, technologists, and academics December 7 at the Carnegie India Global Technology Summit in Bengaluru, India's Foreign Secretary S. Jaishankar underscored the need to harness the power of technological change for faster economic development.
The strangest of the several barbs hurled hurdled at Pakistan during and after the recently concluded Heart of Asia conference at Amritsar, India,  was that Pakistan is trying to change perception about the Taliban writes Monish Gulati  
Actually, Modi is on to a long-term experiment in India. He and the government aim to re-engineer human souls and minds as much as socio-economic realities. writes Sudip Bhattacharyya for South Asia Monitor.
This has been a mind-boggling year for Europe. First Britain’s shock European Union referendum result and the ensuing backlash against immigrants seemed to signal the rise of the right in Europe. The certainty that the right was on a steady march to power seemed confirmed by the U.S. election result and was seized upon by right-w
US President Barack Obama’s pivot to Asia, such as it was, is an endangered species in the Trump era. Looking back, was it in essence more rhetoric than a policy to be implemented? Leaders of South-east Asia, East Asia and further afield are asking themselves this question.a
The Heart Of Asia conference in Amritsar called for immediate elimination of terrorism to help the war-ravaged country in its political and economic transition. Access the full text here...
The traditional ties between India and the United Arab Emirates have,  over the decades grown, riding on the strength of trade and investments. The Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will be the chief guest for the 2017 Republic Day
It is accepted conventional wisdom the world over, ever since well-known military theorist, Carl Von Clausewitz, first articulated the aphorism in the late 18th century that “war is a continuation of politics by other means”.  

An aching sense of love, loss and yearning permeate this work of fiction which, however, reads like a personal narrative set in an intensely disruptive period of Indian history, and adds to the genre of partition literature, writes Ni...


This is a path-breaking work on India's foreign policy since Narendra Modi became the Prime Minister in May 2014 and surprised everyone by taking virtual charge of the external affairs portfolio. A man who had been denied visa by some count...


The pattern of Chinese actions on the global stage demonstrates that it lives by the credo of might is right, a potent tool in its armoury for the pursuit of aggressive designs, writes Sudip Talukdar for South Asia Monitor....


The Tehrik-e-Taliban Pakistan, Lashkar-e-Taiba, Jaish-e-Mohammad and others of their ilk not only destabilise Pakistan and make it one of the world's most dangerous places but also threaten neighbouring Afghanistan and India -- and even far...

Subscribe to our newsletter