The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Indian economy about to take-off
'Many sepoys fought with distinction, winning some of the first Victoria Crosses to be awarded to Indians; and indeed, as in any army fighting under such inhumane conditions -- standing in the freezing sludge, with shrapnel tearing through bodies and being subjected to gas attacks -- some buckled under pressure.'
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
