Demonetization
At least now, post demonetization, do we have any fresh estimates of the Black Money in the country, or its rate of generation? This would have been a very interesting study to do. Why haven’t we seen it done?
Around 1986 two professors, four readers and a few other management experts of the “prestigious” IIM in Bengaluru have spent twenty or thirty crore rupees to finally determine after eight years that bullock carts are an indispensable medium of transport in India.
But, until now none of those professors were able to figure out and explain to the people of India properly as to why when the USA, which has close to a 20-trillion dollar debt, its currency the dollar appreciates against the Indian Rupee -- when we don’t have any such level of debt? And why it is that without India having any such levels of debt why does the Indian rupee depreciates against the Euro or the Pound --- that too w...