विमुद्रीकरण – बहुआयामी परियोजना

गैर कानूनी घोषित किए गए 500 और 1,000 रुपये के 99 प्रतिशत नोटों की भारतीय रिजर्व बैंक (आरबीआई) के पास वाप�

De-mon — huge, successful course-correction

Of all the multidimensional corrective elements that were missed — actually, side-stepped if not suppressed — in the politically uproarious anti-Modi national discourse about the demonetization exercise, the most important element was the huge cr

De-mon — a multidimensional project

That 99 per cent of the de-legalised Rs 500/1,000 denomination notes was returned back to the Reserve Bank of India (RBI) has been cited by opposition parties, experts and the media alike as the sole test of failure of demonetisation (which, for brev

घूसखोरी और काले धन के खिलाफ मोदी का साहसिक संग्राम

प्रधानमंत्री नरेंद्र मोदी ने 1,000 रुपये और 500 रुपये के नोटों की कानूनी मान्यता 8 नवंबर, 2016 की आधी रात

Modi’s daring War on Bribery and Black Money

The stunning announcement by Prime Minister Narendra Modi that from midnight of November 8, 2016, the presently circulating currency notes of Rs 1000 and Rs 500 denominations will cease to be legal tender is the boldest attack on the scourge of black

Is Selling PSBs to Foreigners Rajan's Agenda?

If news reports are to be believed, the Finance Ministry seems to be caving in to the RBI strategy to sell Public Sector Banks and is raising the limits of FDI in banks to 49% — thus virtually paving the way for handing the PSBs, which are at the h

Indian Economy for Dummies - II

In the second of a three-part series on the Indian economy ahead of the presentation of the Union Budget, well-known commentator on political and economic affairs, S Gurumurthy argues that the Indian family’s instinct to save in banks rather than s

Indian Economy for Dummies - I

It’s that time of the year when ‘experts’ throw around intimidating economic jargon to ‘advise’ the government and ostensibly enlighten us all on what’s wrong with our economy. Starting today, we bring to you well-known commentator on pol

FRBM Law is Irrational. Amend it (Part II)

The way economists have made simple theories into complex mathematical equations has made monetary economics seem difficult to comprehend. Well-known economists, including Nobel laureate Robert Shiller and Prof Bradford DeLong, have already proteste

Fiscal Deficit: Story of the Magic '3' Per cent (Part I)

Magic 3% Three per cent Fiscal Deficit! This is a dream announcement any finance minister of India would love to make. Fiscal deficit is the excess of payments over receipts of the government. The quantum of fiscal deficit in budgets in India is f

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