Legal tender

National

Transcript of Statement made by Shri R. Gandhi, Deputy Governor

The RBI had removed from its website a transcript it had published of Shri R. Gandhi’s statement about the currency disbursed to the public by the RBI. It was later published as a few bullet points with controversial parts removed as an “edited transcript”

Read More
Demonetisation
General

Problems with the tall claims made about demonetisation

There is an abundance of claims by the government both about the virtues of demonetisation as well as the duration of the “inconvenience” people have to go through. Here is my attempt to debunk some of them. To begin with, there is a slight problem. The objectives of the demonetisation have not been officially and explicitly […]

Read More
2000rs-note-new
National
Politics & Political Commentary

The grand demonetisation jumla

Two nights ago, Modi suddenly appeared on TV and told people that the currency notes for Rs. 500 and Rs. 1000 would not be legal tender after midnight and anyone accepting them did so at their own risk. Then followed information on how how people could deposit them into banks or exchange them for legal […]

Read More