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Showing posts from November, 2016

Demonetisation - Get Real

Much has been said and written about the Demonetisation decision of the Modi government. Everybody and his uncle, aunty and niece have an opinion about it. If the government thinks that this is one great way of winning the war against black money the opposition thinks this is the one great way to destroy the economy.  Manmohan Singh has been Chief Economic Advisor to the Govt of India, Governor of the Reserve Bank of India, Finance Minister who helped turn the Indian economy around to become what it is today and was the Prime Minister for 10 years. Celebrated and hailed globally for his acumen in economics  he wasted a golden opportunity in Parliament when he spoke. He could have explained economic theory, impact of demonetisation, what exactly happens  and what the future is likely to hold for India. Instead he chose to throw some numbers without any basis, filmy dialogues and even the one quote of the father of economics John Meynard Keynes was misused. The comp...