On May 19th, India's central bank, the Reserve Bank of India (RBI), announced the removal of 2000 currency notes from circulation. Even as it gave the public a demonetisation Deja vu, the currency regulator assured its just business as usual. But does the 2000 rupee note wapsi an economic incentive or a political push and is the last big attempt to get the cash hoarders in the fold of the formal economy? In the episode we hear from-:
- R. Gandhi, Former Deputy Governor of RBI to understand what distinguishes the withdrawal of 2000 notes from the 2016 demonetization and why the need for a deadline
- Saravanan Annadurai, Official Spokesperson - DMK to get the political ringside view;
- Ajay Bansal, President - All India Petroleum Dealers Association (AIPDA) to discover how the elimination of the 2000 note is making it tough for petrol pumps around the country;
- M.C. Govardhana Rangan, Editor - The Economic Times on the economics of the policy and the intention of the central bank
- Sugata Ghosh, Associate Editor - The Economic Times on the impact of the ecosystem and if it changes anything for India's cash economy
Credits: Moneycontrol, NDTV, NDTV 2 and CNN-News18
To read Sugata Ghosh's full article on Rs 2,000 currency notes: Folding or unfolding? click here
If you like this episode from Anupriya, check out her other episodes on Survivor Island: The Startup Finale, Downsizing to Down Rounds, Nirav Modi: Extradition or Asylum - The Scam Explained, Call of Duty: The Inflation Warzone and more!
You can follow our host Anupriya on her social media: Twitter and Linkedin
Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Google Podcasts.
See omnystudio.com/listener for privacy information.
