On November 8, in an urgent move, Prime Minister Narendra Modi announced the ‘Demonetisation’ of Rs. 500 and Rs. 1000 currency notes. The swiftness of execution was such that these currency bills were effectively rendered useless within a couple of hours of the announcement. The reasoning behind such a move has been summed up in the official statement. A striking observation to be made out here is the lack of data numbers provided for by the Government and the connection made to national security. Let’s think about this policy action to analyse it to a certain extent. Continue reading “Critical Analysis on Demonetisation”
The decision to raise the limit for issue of bonds under MSS (Market Stabilization Scheme) is a prudent move and brings this innovative scheme in focus again. The arrangement also shifts the burden of holding cash from the Banks and RBI on to the government and would help stabilise the money market. A look at the scheme and how money is flowing after it is being deposited in the banks as a result of demonetization. Continue reading “Demonetisation – Absorbing the Excess Liquidity”
The Supreme Court directed the Karnataka government to release 15,000 cusecs of Cauvery water per day to Tamil Nadu to make sure the samba crops in Tamil Nadu survive.
SC also directed the Tamil Nadu government to approach the supervisory committee for the release of Cauvery water as per the final order of the Cauvery Water Dispute Tribunal. Continue reading “Cauvery Water Dispute”