Demonitisation

The Indian Government’s $100 Billion Heist

The Indian Government’s $100 Billion Heist

News accounts and analyses on other blogs have usefully described and critically assessed the “demonetization” shock that Prime Minister Narendra Modi gave the Indian economy on November 8. Here we emphasize two features of Modi’s initiative that have been little noticed. First, the combination of demonetization followed by “remonetization” will transfer billions worth of US […]

Are our Currency Notes being printed by Companies earlier Blacklisted for printing Counterfeit Indian & Pakistani Notes?

Are our Currency Notes being printed by Companies earlier Blacklisted for printing Counterfeit Indian & Pakistani Notes?

Why has De la Rue, a black-listed company by the Reserve Bank of India previously, been given the contract to supply machinery for the re-printing currency notes, without any official announcement being made? Until April 2016 at least, De La Rue continued to supply paper for this printing, and was re-issued tenders by the Modi Govt for […]

Demonetisation shock: Newly-married girl killed after father failed to give dowry in new Rs 500, Rs 2000 notes

Demonetisation shock: Newly-married girl killed after father failed to give dowry in new Rs 500, Rs 2000 notes

The girl’s father was not aware of the sudden declaration on demonetisation by the Modi government. Thus, when he offered Rs 1.70 lakh in old denomination notes, the bridegroom’s family refused to receive the cash In a shocking news coming from Odisha, a newly-married girl was killed by her in-laws in Ganjam district as her […]