If this regime wants to regain some of its lost credibility due to a proliferation of scandals and blunders over the past there years, a demonetisation campaign of the the high denomination notes to curb counterfeiting and money laundering will certainly help to reverse the situation.
Indeed, it will deal a severe blow to the amount of black money in the economy. We will not to have to depend on our sole Hector Tuyau to hunt down and dig out those millions from “coffre forts” or “treasure coves” so common among the businesses, traders, professionals, drug dealers, even hawkers…..u name it, these days that we are no longer shocked or astonished !!!
Besides curbing corruption and money laundering, demonetisation will have a positive impact on the liquidity structure, on inflation, on the stock exchange, on tax collections, on e-transcations, on interest rates and investment , in the real estate sector with increased transparency in dealings, and will definitely help to boost economic growth by a few percentage points.
Modi dared to it in such a complex and not so monetised economy like India, despite warnings from eminent economists that it will be a disaster. ( it was not well planned, thus delivering mixed results)
Why can't we ?
It will be a booster for the government and a surgical strike against Mafiadom and "hawala" or black money.
Why can't we ?
It will be a booster for the government and a surgical strike against Mafiadom and "hawala" or black money.
YES WE CAN, DO THEY HAVE THE GUTS ?
