At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Indian economy about to take-off
Meet the US Attorney who took on Donald Trump.
'Now that there is an election in the offing, she is repeating the same old promises. Does she think the people of Bengal are fools to fall for her lies?'
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The toxic brew of fiscal populism, crony capitalism and bad economic management has ensured the collapse of economic growth, industrial stagnation, stubbornly high consumer inflation, declining savings and investment, shrinking employment opportunities, and a dangerously vulnerable external financing situation.
Only reforms that accelerate economic growth can generate the revenues to finance expenditure on social infrastructure for the poor, not the other way round, insists Jagdish Bhagwati.
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
'I always used to say ignore the trolls and move on and focus on your fans and friends,' Sreenath Sreenivasan tells Rediff.com's Monali Sarkar. 'That was easy for me to say. But now when I say it, I really mean it.'
A theory that is doing the rounds is that with election nearing, this depreciation of the rupee will allow politicians of all hues to bring back their ill-gotten wealth.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
Sanjay Mathur, managing director and head of economics research for Asia Pacific (ex-Japan), Royal Bank of Scotland, tells Business Standard that in the emerging market pack, India needs to learn lessons from Korea and Taiwan, which have managed their economic situations well.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
The 39-year-old, the fifth child of an illiterate labourer couple and only the second of their eight to be educated, now helms various ventures that bring in a turnover of between Rs 75 crore and Rs 90 crore.
Dani Alves has blamed the media for Brazil's unsuccessful World Cup campaign but conceded that the team did not prepare properly ahead of the humiliating 7-1 defeat by Germany in the semi-final.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.
Here is the full transcript of Congress vice president and Lok Sabha poll campaign chief Rahul Gandhi's first formal TV interview with Times Now Editor-In-Chief Arnab Goswami.
