Tags: India

When Money Dies – India’s Demonetization Is A “Massive Man-Made Disaster”

When Money Dies In part-I of the dispatch we talked about what happened during the first two days after Indian Prime Minister, Narendra Modi banned Rs 500 and Rs 1000 banknotes, comprising of 88% of the monetary value of cash in circulation. In part-II, we talked about the scenes, chaos, desperation, and massive loss of…

As India continues to struggle with a countrywide cash shortage as a result of the November 8 demonetization in which the government unexpectedly removed the highest denomination bills out of circulation and which has brought various mostly rural part of the cash-driven economy to a halt, the government is resorting to ever more novel solutions…

Even as objections from antinuclear campaigners clouded the prospects of signing a civil nuclear deal, India and Japan’s government made a breakthrough in their six-year long on-going negotiations last week. A civil nuclear cooperation agreement was signed in Tokyo during Prime Minister Narendra Modi’s much awaited visit to Japan. While many hail this deal to…