RBI says no notes shortage, outside Delhi hundreds face job losses

Around 8.30 every morning, hundreds of workers arrive at the main bus depot in Noida Phase II, about 30 km from New Delhi. They fan out into the lanes of the neighbouring hosiery complex. With nothing more than a tiffin box in their hands, they begin their daily job…

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GST big bang reform bill in trouble

Troubles of the Modi government seems to mount up with each passing day of demonetization. The next casualty appears to be the Goods and Services Tax (GST), a big-bang reform crucial for economic growth. The GST is supposed to be implemented from April 1, 2017 after Parliament passes the…

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How Modi changed the demonetisation narrative 

New Delhi, December 7 : Prime Minister Narendra Modi addressed the nation on November 8, 2016 to announce the withdrawal of Rs 500 and Rs 1,000 notes.

The speech (in English) lasted 25 minutes. The Prime Minister uttered the phrase “black money” 18 times in this speech. He mentioned “fake…

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Where has all the 'black money' gone?

The Indian government is absolutely puzzled by the extraordinary amount of accruals of demonetised money – close to Rs 12 lakh crore as of December 5 – into banks as deposits and which is expected to cross Rs 14 to Rs 15 lakh lakh crore by the end of December 30, when…

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Five hurdles to Modi's push for a cashless economy

On November 27, during an election rally in Uttar Pradesh, Prime Minister Narendra Modi urged all Indians get familiar and make others familiar with cashless transactions.

The same day, during his radio programme Mann Ki Baat, he said: “Learn how this digital economy works. Learn the different ways you can…

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