India’s attempt to flush out undeclared wealth did not work, central bank figures show. The move, known as “demonetisation”, was a flagship policy of Prime Minister Narendra Modi. Economic analyst Vivek Kaul looks at what went wrong. The devil, as they say, is in the detail. On page 195 of this year’s Reserve Bank of […]
Read more / Original news source: http://kanglaonline.com/2017/09/viewpoint-why-modis-currency-gamble-was-epic-failure/