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More »Demonetization: Cure and Care
23/11/2016
There is no magic bullet that can reduce black/unaccounted income in an economy. The process that generates black money in an economic system is complex. Before acting on a remedy it is important to understand the process of black money generation. It is generally argued that complex tax system, …
Demonetisation: Don’t worry, Marry!
22/11/2016
Reams have already been written about the government’s move to demonetize old 500 and 1000 notes. Actually, it is not a sudden death for these notes but a gradual extinguishment. The 500 rupee notes will be replaced, new 2000 rupee notes will be introduced and nobody knows of the …
Tackling black money
17/11/2016
On November 8, the US elected Donald Trump, and our government decided to trump black money. The move to discontinue the higher denomination notes in circulation is bold. However, boldness is not a virtue in and of itself. It needs good company. The decision creates some benefits, but it …
The Modi government's hit on black money may well go down as one of India's biggest economic blunders, or his greatest achievement. How quickly things will normalize remains to be seen. Whether one agrees with the move or not - it's implementation has surely been bungled badly and the collateral …
Impact of Demonetization: What to expect?
16/11/2016
The demonetisation of the 500 and 1000 rupee denomination notes has removed 86 per cent of the currency from circulation. It is argued that there are agents in the economy who are hoarding currency as a method for storing savings, especially by people earning unaccounted or illegal incomes. Demonetisation has …