By the Way

By the way : Neighbours in shock

saarc-logoIt appears that the Finance Ministry had a myopic view about demonetisation. Nobody in the Ministry asked about or suggested that demonetisation will have an impact on the economies of the SAARC nations. As the news is emanating from the SAARC countries, they are baffled. If one thinks India’s GDP’s size is two trillion only, they are mistaken. The collective impact of SAARC and India’s GDP is humungous. India has bilateral monetary treaties with most of the neighbouring countries. Economists who are working on the demonetisation reports say that being a big nation, India should have considered the devastating impact of demonetisation before taking such a major policy decision. Finance Ministry officials have the trade data of SAARC nations and are well aware of the impact of Indian currency on the neighbouring countries. Economists opine that it will be difficult to generate the same confidence level in the Indian currency. Trade among neighbouring countries will take at least two years to normalise. A senior official of the Ministry informed that nobody asked them about the impact of demonetisation on the neighbouring countries, so why blame the ministry.

VOL. 10 | ISSUE 10 | JAN 2017

OK

Most Popular

To Top
LATEST ARTICLES
close slider
VOL.14 | ISSUE 1 | MARCH-APRIL 2020
CORRUPTION
FROM RAJ TO RAFALE 18: Loose Sheets, Diaries & Spreadsheets
COVER STORY
COVID19 : Cosmic Dance, Worldly Trance
COVER STORY
COVID19 : Systems Failure, Situation Critical
COVER STORY
COVID19 : The Economic Roulette Wheel
COVER STORY
COVID19 : Winds Of Change
STATE SCAN
Jyotiraditya Scindia : Overrated Turncoat
BOOK REVIEW
A Life in Secret
Bric-a-brac
Fighting for Central Hall
Bric-a-brac
Sick, and struggling
Bric-a-brac
Hooda, Tulsi in Rajya Sabha
Bric-a-brac
North and South faceoff
By the way
Yogi : No time for UP IAS week
By the way
Petronet largesse
BY THE WAY
Tackling Covid
BY THE WAY
Listing blues

We - and our partners - use cookies to deliver our services and to show you ads based on your interests. Information about cookies and their deactivation you can find in our Privacy Policy. By using our website, you agree to the use of cookies.

We - and our partners - use cookies to deliver our services and to show you ads based on your interests. Information about cookies and their deactivation you can find in our Privacy Policy. By using our website, you agree to the use of cookies.

We - and our partners - use cookies to deliver our services and to show you ads based on your interests. Information about cookies and their deactivation you can find in our Privacy Policy. By using our website, you agree to the use of cookies.

We - and our partners - use cookies to deliver our services and to show you ads based on your interests. Information about cookies and their deactivation you can find in our Privacy Policy. By using our website, you agree to the use of cookies.

We - and our partners - use cookies to deliver our services and to show you ads based on your interests. Information about cookies and their deactivation you can find in our Privacy Policy. By using our website, you agree to the use of cookies.

We - and our partners - use cookies to deliver our services and to show you ads based on your interests. Information about cookies and their deactivation you can find in our Privacy Policy. By using our website, you agree to the use of cookies.