demonetization

Total Posts : 2 posts

India

How Demonetization keeps paying the Indian taxpayer

Rs 37,500 crores that is $5.3 billion is lying in the Indian banks unclaimed.  No one wants it.  The owners don’t even want anyone to know that it was theirs.  As far as the Indian tax payer is concerned, it is theirs – collectively.  When Modi had said

04 Dec 18 3 min read
Economics

Unemployment Halves post-Demonetization in India

SBI Research using the estimates by BSE and CMIE based on data collected on “employment/unemployment status of all members of 15 years or older from a sample of randomly-selected households” has said that between August 2016 and February 2017, India’s unemployment rate HALVED from 9.5% to 4.

05 Mar 17 3 min read

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