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

Arvind Panagariya, who spoke at a February 6 event sponsored by Columbia’s Deepak and Neera Raj Center on Indian Economic Policies. Panagariya—a SIPA faculty member who is on leave while serving as a cabinet minister in the Modi government—was...
On February 1, 2017, the Finance  Minister of India, Arun Jaitley, presented the  government’s budget for 2017.  In a column in the Economic Times (link here) Deputy Director of the Raj Center, Professor Pravin Krishna discussed pre-...
In two columns, one in the Times of India, and the other in MINT, Raj Center Director Professor Bhagwati and Deputy Director, Professor Pravin Krishna, along with their co-authors, Professors Suresh Sundaresan and Vivek Dehejia, discuss the costs...