Op-Ed: War on black money: Demonetisation is a courageous reform that will bring substantive benefits

Thu, 2016-12-15

A new Op-Ed by Raj Center Director Jagdish Bhagwati, Raj Center Deputy DIrectory Pravin Krishna, and Columbia University's Suresh Sundaresan note that the government's declaration that the high-denomination 500 and 1000 rupee notes would be invalid as legal tender is a courageous and substantive economic reform that, despite the significant transition costs, has the potential to generate large future benefits.

Click here to read the full Op-Ed.

Latest news posts

By Sharon Kahn (Courtesy of the India Business Initiative at Jerome A. Chazen Institute for Global Business at the Columbia Business School) Timothy Roemer, former US Ambassador to India, posed a question during a recent presentation at...
Who: Ambassador Tim Roemer, former US Member of Congress, 9/11 Commissioner, and Ambassador to India, is the Executive Director and Strategic Counselor at APCO Worldwide.  During his time in office, Ambassador Roemer helped move India from...
The challenge to the open trading system has reached a new height following the election of President Donald Trump in the United States.  Under him, trade tensions have turned into a trade war of sorts, which threatens to bring down the entire...