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Jaimini Bhagwati: The unbiased are waiting

Demonetisation could be a game changer but credible follow-up steps need to be taken

Jaimini Bhagwati 

Jaimini Bhagwati Demonetisation could potentially be a mega and lasting game-changer. Plus, if Budget announcements on funding for political parties are remedied, faster progress could be made towards a more equitable and prosperous India.  First let us focus on the number of cash deposits in bank accounts between 8 November and 31 December 2016. According to the Budget speech on 1 February 2017: (a) Cash deposits, made by companies and individuals, in 10.9 million bank accounts were between Rs 2 lakh and Rs 80 lakh and Rs 5 lakh on an average; (b) in another 14.8 million accounts similar ...

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First Published: Wed, February 15 2017. 22:43 IST
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