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Demonetisation

Demonetisation will go down in the Industry as a significant event in the history of Indian Economics. Some call it a game changer some call it a failed gambit…

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RBI holds rates, lowers growth forecast, raises inflation estimate 10-05

RBI holds rates, lowers growth forecast, raises inflation estimate.

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Video: Dr. Subramanian Swamy analyzing the reasons for the failure of Demonetisation.

99% of banned notes returned after demonetisation: RBI annual report 09-10

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Interview with Dr. Raghuram Rajan about his Book "I do, What I do" 09-08

Raghuram Rajan breaks silence, says RBI had warned Modi govt against demonetisation 09-03

Raghuram Rajan breaks silence, says RBI had warned Modi govt against demonetisation

Probably the tail end article on Demonetisation in my collection.. Everyone has a right to say and speak his/her mind. And 'every say' needs to be heard. Agreements. Disagreements not with standing.... Big Data, Mindfulness, Heard, Disagreement, Illegal, Corruption, Career, Data

Is Demonetisation Illegal? 02-27

Probably the tail end article on Demonetisation in my collection.. Everyone has a right to say and speak his/her mind. And 'every say' needs to be heard. Agreements. Disagreements not with standing....

Retrospective of Shyam's Writing 04-28

Here is a mini retrospective of my writings for my new followers and friends. These are the articles that have earned immense respect for me from my audience over the years. I have segmented the articles domain wise for reader convenience. Hope you like it. Here the most viewed and adulated articles

The IMF today cut India's growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also decelerated India's growth estimates. "In India, the growth forecast for the current (2016-17) and next fiscal year were trimmed by one percentage point and 0.4 percentage point, respectively, primarily due to the temporary negative consumption shock induced by cash shortag Austerity, Fund, Reform, Fiscal Year, Global Market, Creditors, Central Bank

IMF says demonetisation a big dampener, cuts India's growth to 6.6% from 7.6% 01-18

The IMF today cut India's growth rate for the current fiscal year to 6.6 per cent from its previous estimate of 7.6 per cent due to the "temporary negative consumption shock" of demonetisation, days after the World Bank also decelerated India's growth estimates. "In India, the growth forecast for the current (2016-17) and next fiscal year were trimmed by one percentage point and 0.4 percentage point, respectively, primarily due to the temporary negative consumption shock induced by cash shortag

"An image of efficiency and independence that RBI assiduously built up over decades by the strenuous efforts of its staff and judicious policy making has gone into smithereens in no time. We feel extremely pained," the United Forum of Reserve Bank Officers and Employees said in the letter addressed to Patel. Commenting on "mismanagement" since November 8, when note ban was announced, and the criticism from different quarters, the letter said, "It's (RBI's) autonomy and image have been dented b Order Of Merit, Result Date, Exam Results, Bank Of India, Test Taking, Exam, Result, Sarkari Result, Aptitude

"Humiliated" by post-note ban events, RBI staff write to Urjit Patel 01-14

"An image of efficiency and independence that RBI assiduously built up over decades by the strenuous efforts of its staff and judicious policy making has gone into smithereens in no time. We feel extremely pained," the United Forum of Reserve Bank Officers and Employees said in the letter addressed to Patel. Commenting on "mismanagement" since November 8, when note ban was announced, and the criticism from different quarters, the letter said, "It's (RBI's) autonomy and image have been dented b

According to Wharton emeritus professor of management , while it is too early to assess the impact of demonetization, the move raises long-term questions. “What will have been gained from this step, and at what cost and mostly borne by whom?” he asks. He notes that rival political parties that have protested against demonetization could “broaden their tactical agenda to harm or even derail the GST implementation.” It also remains to be seen how the negative sentiment against demonetization cou Rupees, Lottery Results, State Lottery, Lottery, Dollar, Tech Startups, Stock Market

How Will Demonetization Affect Business in India in 2017? Knowledge @ wharton 01-08

According to Wharton emeritus professor of management , while it is too early to assess the impact of demonetization, the move raises long-term questions. “What will have been gained from this step, and at what cost and mostly borne by whom?” he asks. He notes that rival political parties that have protested against demonetization could “broaden their tactical agenda to harm or even derail the GST implementation.” It also remains to be seen how the negative sentiment against demonetization cou

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Former Reserve Bank governor D Subbarao today termed demonetisation as "creative destruction and the most disruptive policy innovation since 1991 reforms" that has helped destroy blackmoney. "On November 8, the Prime Minister (Narendra Modi) and the Reserve Bank have demonetised 86 per cent of currency in circulation overnight, which is what is arguably the most disruptive policy innovation in India since the 1991 reforms," he said. "Demonetisation, in that sense, is creative destruction. But Technology, Prime Minister, Disruptive Innovation, Innovation

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Note ban most disruptive policy innovation since 1991: Former RBI Governer D. subba Rao. 01-07

Former Reserve Bank governor D Subbarao today termed demonetisation as "creative destruction and the most disruptive policy innovation since 1991 reforms" that has helped destroy blackmoney. "On November 8, the Prime Minister (Narendra Modi) and the Reserve Bank have demonetised 86 per cent of currency in circulation overnight, which is what is arguably the most disruptive policy innovation in India since the 1991 reforms," he said. "Demonetisation, in that sense, is creative destruction. But

The impact on the economy has not only been catastrophic but highly unequal. Those with bank accounts and credit cards were merely inconvenienced. Those who earn and spend mostly, or entirely in cash, found themselves rendered penniless overnight. These were the poor of India. Banks still account for only a little over 30 percent of total credit extended in the country. The balance comes from moneylenders who deal in cash. That credit collapsed. In terms of value the proportion of transactions Country, Deal, Bank Account, Penniless, Terms, Extended

Why demonetisation is greatest blunder by a govt in 69 years of free India Prem Sankar Jha 01-01

The impact on the economy has not only been catastrophic but highly unequal. Those with bank accounts and credit cards were merely inconvenienced. Those who earn and spend mostly, or entirely in cash, found themselves rendered penniless overnight. These were the poor of India. Banks still account for only a little over 30 percent of total credit extended in the country. The balance comes from moneylenders who deal in cash. That credit collapsed. In terms of value the proportion of transactions

Demonetisation Day 50: Black money kingdom has been shaken from its roots Sukumar Mukhopadhyay 01-01

Writers and economists are all divided on party lines. The best and worst example being that of former Prime Minister and noted economist Dr Manmohan Singh calling demonetisation an "organised loot and a legalised plunder." Opinions it seems depends also on personal dislike. Even Amartya Sen called demonetisation a despotic act. Sen also alleged that it is a breach of promise but little efforts did he take to clarify his position. P N Bhagwati has refuted Amartya Sen on this ground. So we shal

After Demonetisation,Digital Deluge, Banks still not optimised 12-29

In terms of availability of bandwidth, Sri Lanka, China, South Korea, Indonesia, Malaysia and several other countries are far ahead. Acquiring extra Bandwidth involves certain processes and protocols. Considering the outdated software most of the nationalised banks are using, huge quantum of bandwith will be gobbled up in the transactions. Cyber Security Cyber experts welcome the digitisation of transactions, but lament the deplorable condition of IT infrastructure and education.

As demand dips for goods, price pressures are easing. The benchmark consumer inflation gauge plunged more than estimated to below the mid-point of the central bank’s target. However, this wouldn’t be the first time that economists have been surprised and it may not open much room to ease policy. So-called core inflation -- excluding food and fuel -- is sticky, the central bank said this month. Economist, Surveys, Development

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Modi’s Cash Ban May Have Been in Vain as India Outlook Dims Bloomberg 12-27

As demand dips for goods, price pressures are easing. The benchmark consumer inflation gauge plunged more than estimated to below the mid-point of the central bank’s target. However, this wouldn’t be the first time that economists have been surprised and it may not open much room to ease policy. So-called core inflation -- excluding food and fuel -- is sticky, the central bank said this month.

What India Has Done To Its Money Is Sickening And Immoral-- Steeve Frobes 12-25

What India must do to fulfill its desire to become a global powerhouse is clear: slash income and business tax rates and simplify the whole tax structure; make the rupee as powerful as the Swiss franc; hack away at regulations, so that setting up a business can be done with no cost and in only a few minutes; and take a supersize buzz saw to all the rules that make each infrastructure project a 100-year undertaking.

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The most common place .happening during the past 45 days after demonetisation.

During the NDA rule (1999-2004), real GDP grew by 27.8 per cent, annually 5.5 percentage points. Annual money supply, that fuels inflation, by 15.3 per cent. Prices by 23 per cent, annually 4.6 per cent. Asset prices rose only moderately in those five years. Stocks rose by 32 per cent; gold by 38 per cent. Taking Chennai as an illustration, land prices by 32 per cent. Jobs rose phenomenally, by almost 60 million. The NDA also turned in a surplus of $20 billion in 2002-04 in the external sector, Jewellery, Cool Pictures, Gold, Jewelry, Bring It On

Demonetisation, Not a tragedy, A Remedy S. Gurumurthy 12-14

During the NDA rule (1999-2004), real GDP grew by 27.8 per cent, annually 5.5 percentage points. Annual money supply, that fuels inflation, by 15.3 per cent. Prices by 23 per cent, annually 4.6 per cent. Asset prices rose only moderately in those five years. Stocks rose by 32 per cent; gold by 38 per cent. Taking Chennai as an illustration, land prices by 32 per cent. Jobs rose phenomenally, by almost 60 million. The NDA also turned in a surplus of $20 billion in 2002-04 in the external sector,

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career: JNU professor Arun kumar on Demonetisation 12-14

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#Demonetisation: War on Black Money : Economist S Gurumurthy speaking on Demonetisation

career: S. Gurumurthy on Demonetisation 12-13

Notes ban will hurt economy: former chief economist of World Bank 12-10

“Demonetisation will cause the economy to run into great difficulties in the future. Declaring the old Rs500 notes legal again might mi...

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Punjab National Bank partners with Ola to deploy mobile-ATMs 12-09

Punjab National Bank (PNB) on Tuesday announced a partnership with cab aggregator Ola to aid cash withdrawals for the ci...

It is difficult to see major gains from India’s decision to drain out high-value banknotes from the economy, and the move might only force the corrupt to become more careful in the future, Nobel laureate and economist Paul Krugman said on Friday. Instead, Krugman said, there will be significant-to-low costs to the so-called demonetisation, although he still saw India as a high-prospect economy. Speaking at the 14th HT Leadership Summit, the 63-year-old economist said there was a good case to b Leadership, Leadership Summit, Prospect

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Benefit of Demonetisation uncertian says Nobel Laureate Economkst Paul Krugman

It is difficult to see major gains from India’s decision to drain out high-value banknotes from the economy, and the move might only force the corrupt to become more careful in the future, Nobel laureate and economist Paul Krugman said on Friday. Instead, Krugman said, there will be significant-to-low costs to the so-called demonetisation, although he still saw India as a high-prospect economy. Speaking at the 14th HT Leadership Summit, the 63-year-old economist said there was a good case to b

Pakistan

Minister

With Such A Large Population, There'll Be Queues, Says Arun Jaitley 12-03

Finance minister Arun Jaitley • With every passing day, remonetisation process will go on: Jaitley • India always honestly tried to improve relations with Pakistan, current PM took a lot of initiatives: Jaitley • I think our way of conducting economy was primarily responsible: Jaitley • Finance minister says the way things are changing, we can’t defy technology and decision of demonetisation has only accelerated this • If you look at the temperament of this country there is always a se...

Politicians more popular for their humour than their work | Some politicians have excellent sense of humour like Lalu Prasad Yadav. His speeches are enjoyed even by his opponents.

Demonetization??? Let us quantify and Analyse the Economics. Based on the cost estimated by various economists, and trying to arrive at rational between the two extreme, I have come to figure, which quite naturally is, at the best suggestive or indicative only. Strategic Planning, Analyze

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Demonetization??? Let us quantify and Analyse the Economics. Based on the cost estimated by various economists, and trying to arrive at rational between the two extreme, I have come to figure, which quite naturally is, at the best suggestive or indicative only.

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Extra ordinary resilience shown by the bank employees in India in the face of stress and extra work load..

Extra ordinary resilience shown by the bank employees in India in the face of stress and extra work load We need to appreciate the bank employees and thank them for working day and night 24/7 in serving the people. This has happened in spite of the constraints they have in terms of technology and manpower

I had Rs 23,000 in cash, all in the demonetised notes. I tried my best to get it exchanged from nearby banks, stood in queues for two days. On the second day, blood sugar level dropped and I almost collapsed. Some Good Samaritans helped me to a government hospital. Other than the loan account at the co-operative bank, I don't have a bank account. Since all transactions at co-operative banks were frozen, I realised I cannot get it deposited anywhere. How many days should I stand in queues t... Kerala, Stand By Me, Fast Food, Advertorial, Loan Account, Headed

Kerala fast food vendor, shaves off half head, vows not to grow hair until Modi is dethroned 11-29

I had Rs 23,000 in cash, all in the demonetised notes. I tried my best to get it exchanged from nearby banks, stood in queues for two days. On the second day, blood sugar level dropped and I almost collapsed. Some Good Samaritans helped me to a government hospital. Other than the loan account at the co-operative bank, I don't have a bank account. Since all transactions at co-operative banks were frozen, I realised I cannot get it deposited anywhere. How many days should I stand in queues t...

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The Effects of India's Currency Reform? 'Chaos' Say Analysts 11-29

"When you don't trust a currency and you don't trust a government you start using foreign currencies," said Hanke. "That's what this is going to do, I think: People will not trust the rupee." Raghuram Rajan, the former head of India's central bank and one of the country's most respected economists, warned in 2014 that demonetization programs can easily stumble.

ICICI Bank to transform 100 villages into ‘ICICI Digital Villages’ in 100 days 12-06

ICICI Bank to transform 100 villages into ‘ICICI Digital Villages’ in 100 daysThe largest village promotion programme in the country encompassing digitisation of transactions & commercial activities in villages, vocational training and credit facility to help villagers earn a sustainable livelihood 10,000 underprivileged villagers will receive free vocational training within 100 days. The ambitious project is inspired by the success of India’s first digital village created by ICICI

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