It is probably clear to most Indian media companies that their nemesis is not a rival newspaper, TV channel or website, but tech’s T-Rexes – read Google and Facebook.
For the nation’s sake, better informed anchors and guests are extremely necessary if the debate must contribute to the hope that the valley emerges from the sorrow.
Chidambaram says RBI has surrendered its autonomy and independence to the government.
It is clear that the institution and its leadership was fully involved in the decision making process for four months prior to November 8.
Reliance Capital chief investment strategist Madhusudan Kela says government is in a “sweet spot” and has space to roll out stimulus in the Budget.
Debroy says demonetisation is not a magic wand that solves things overnight. This is a trigger for an institutional change.
Even if all the old Rs 500 and Rs 1,000 notes do not come back to RBI, such notes will still remain as the liabilities of RBI.
Scarcity of new Rs 500 notes was due to the fact that final decision to print large volumes was only taken after Nov 8.
The decision was originally supposed to have been announced on Nov 18, but PM Modi preponed it due to leak of the Rs 2,000 note.
By now it is amply clear that the process of remonetising India is going to be long drawn out and may not bring back the entire Rs 15.44 lakh crore of junked currency.