RBI

Demonetisation
Digital India
Politics & Political Commentary

Demonetisation – success or failure?

Was the demonetisation a success or failure? Various government claims and the subsequent lacklustre results leave no doubt that the demonetisation has resulted in no significant utility to the nation and caused considerable damage.

Read More
rbi-circular-notes-exchange
Demonetisation
Politics & Political Commentary

An opportunity for political opposition of #demonetisation

Political parties in India are not required to account for small cash donations. This has been used to do much evil in India. Political parties should consider exchanging the troublesome notes for citizens as donations received and returned (for whatever reason, including “demonetisation”) and get the notes exchanged in bulk at the RBI (or deposited into […]

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
Farmers and disabled people protesting at CST in 2013
Agriculture
Democracy

Banks Like Moneylenders Charge @ 21%-36% From Farmers #JaiKisan

On Short Term Crop Loans – BRIBES & Documentation cost and Interest cost 8% for average 3 months  Translates to 36+ Interest Rate on compounding.   On Short Term Loans – BRIBES & Documentation cost around 12% for average 2 Years, @ 14% is 40-45% Charge in 2 years or 21%+  Rate on compounding.   […]

Read More