It was shocking news for the Indian community in Britain. The most influential British-Indian politician was ousted from the government in an unceremonious way. International Development Secretary Priti Patel was recalled from her Uganda trip and forced to submit her resignation for breaching the ministerial code of conduct....
NITI Ayog member Bibek Debroy admits that demonetisation was a temporary shock on growth but asserts that the economy has now climbed back. One year into the disruptive note ban, Prime Minister Narendra Modi's economic policy adviser says the worst is over and there are signs that things are improving now....
The litmus test for the success of any demonetisation is the amount of cash that does not return to the banking system. For long, economists and observers were intrigued by the refusal of the RBI to share data on SBNs (Specified Bank Notes) returned to banks after December 10, 2016....
When Raghuram Rajan, former governor of the Reserve Bank of India (RBI), cautioned the government against demonetisation, saying short-term economic costs would outweigh long-term benefits, he was not trying to be prophetic. But a year after Prime Minister Narendra Modi made that fateful announcement in a nati...
Demonetisation'-- the withdrawal of legal tender status of notes of denomination Rs 500 and Rs 1,000 -- announced by India's Prime Minister Narendra Modi over a televised address on 8 November 2016 will go down in history as one of the most reactionary and illogical economic policies ever attempted in independent India. ...
From joining politics under firebrand leader George Fernandes, to becoming the president of Samata Party -- a key ally in the first National Democratic Alliance (NDA) Government, Jaya Jaitly's rise in mainstream politics invited both awe and envy. Her autobiography, "Life Among the Scorpions" make...
Large companies and bankers, employees and customers, as well as small and medium enterprises have all vented their anger at the demonetisation announced by the government on November 8 last year....
The party's spokesman, Sanjay Raut, noted recently how the Congress vice-president's "body language" has changed for the better and expressed faith in his credentials to lead the country since the Modi wave has "faded away"....
It is one of the great ironies of our times that Muslims are a problem for all political parties, except the BJP. In a totally different way, for Mamata too. Without Muslims as a foil, there would be no Hindutva gameplan. If, by some miracle, Indian Muslims were to vanish into thin air, the social edifice erected so far, around which...
Sections of the Indian film and television which did business through banking channels remained largely on track after the November 8, 2016, demonetisation. But Bollywood's daily wagers -- spot boys, lightmen, casual actors and other temps -- continue to face its after-effects, say industry experts....
