Washington: The United States on Wednesday described India’s demonetisation drive as an “important and necessary” step to curb illicit cash and actions. “…this was, we believe, an important and necessary step to crack down on illegal actions,” Mark Toner, State… Read more
The government’s demonetisation of Rs 500 and Rs 1000 notes is a contentious issue, but is understandable. Such schemes may have not worked in the past, but a political commitment had to be honoured. The question is not whether the government is right for demonetising the currency;… Read more
Mumbai: Unmindful of the growing political opposition and risk to the traditional political constituency of the Bharatiya Janata Party (BJP), Prime Minister Narendra Modi on Sunday stepped up the ante in what he alluded to as the crusade against corruption.