COVER-black money

'Surgical strike' on black money

In this issue

09-12-201636 STORIES

FL09FRANCO

Interview: Thomas Franco, AIBOC

‘Banks have suspended all normal operations’

Interview with Thomas Franco, senior vice president, All India Bank Officers Confederation.

Powerful imagery

FL09PAPER

Fig leaves and champagne

The American liberal media bemoan Hillary Clinton’s loss, but they do not, of course, bemoan the wanton death and destruction that she and her adminis

FL09JAPANMODIABE

Nuclear embrace

India and Japan sign a civilian nuclear cooperation agreement, strengthening the Washington-New Delhi-Tokyo axis to counter China’s growing clout in

FL09LAVASA

Environment and business

The strength of the book is that it casts a wide net and looks at the interface between business and the environment over multiple sectors. Its weakne

FL09DELHI

Hazy winter

An unusual confluence of factors caused unprecedented pollution and smog in the Delhi region soon after Deepavali, and experts warn of a similar episo

FL09MODI

Balochistan vs Kashmir

The pursuit of a tit-for-tat diplomacy will not get India anywhere because Balochistan and Kashmir are not on a par, legally and politically. The time

FL09SOUTHKOREA-POLITICS

The President's friend

Protests against President Park Gyeun-hye of South Korea gain momentum in the wake of revelations of corruption and the vice-like grip an adviser had

FL09TRUMP

Far Right captures imperial homeland

All forces of the Right recognise Donald Trump as a soul mate. On issues of imperial wars, loyalty to Israel and confrontation with Russia and China,

FL09DONALD

Politics of refusal

The times demanded popular change. Donald Trump had an appeal to crucial voters in essential States who had been bludgeoned by the trade deals favoure

FL09BRITAIN-EU-POLITICS-US-VOTE

U.S. Elections: Impact on Europe

Echoes of Trump

Trump’s election raises a number of questions for Europe, particularly around the extent to which his victory will impact the politics of the continen

FL09PROTEST

To friends in the U.S.

We understand and empathise with you because in our own way we have been there. Do not be afraid: fear is what the newly powerful groups want to insti

FL9CS PIX open242

Politics at its cynical worst

As people across the country queue up to gain access to cash, the politics of the demonetisation move reveals the utter cynicism of the ruling dispens

FL09AZADPURMANDI

Informal sector

Ruined livelihoods

More than 80 per cent of India’s workforce is in the informal or unorganised sector and has taken the full brunt of the demonetisation move.

Darkness

Black in a new hue

The notion that replacing high-denomination currency will end the menace of black money only points to an unwillingness to tackle its truly menacing f

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All pain for the majority

The impact of the measures on the farming community, the poor and the lower middle classes was hugely underestimated by the political establishment,

FL09WALMART

Challenges to the global economy

In this tribute to their teacher, Prabhat Patnaik’s former students put together a volume that covers three major themes: the internal contradictions

FL09AGRICULTURE-ECONOMY

Western Uttar Pradesh

‘Cash bombs’ in rural U.P.

Times are bleak in the season of sowing wheat, mustard and lentil in western Uttar Pradesh.

FL09PROTESTKERALA

Choking a lifeline

Ruling and opposition parties in Kerala join hands to protest against what they see as a politically motivated move to destroy the cooperative sector

FL09KASIMEDU

Struggling to stay afloat

Fishermen in Tamil Nadu are hit hard as the cash flow dries up and people stop buying fish.

FL09DRYPADDYFIELD

Despair in the delta

Coming on top of a severe water crisis following a failed monsoon and the Cauvery deadlock, demonetisation has played a cruel joke on the farmers of t

FL09MUMBAIJEWELLER

Business & industry

After the shock

The beating to cash-driven sectors like gold and real estate notwithstanding, Indian industry is gung-ho about the Prime Minister’s decision to dereco

FL9MARKAT3338jpg

Rural distress

To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow.

Letters to the Editor

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Ramayanas of South and South-east Asia

The story of the Ramayana is enacted more often than any other story in the world.

FL09CONTRACTWORKERS

End of wage disparities?

The Supreme Court, in a landmark judgment, upholds the principle of equal pay for equal work irrespective of whether one is a “permanent” or a “contra

FL09RAJARAO

A quester and his play

There is a critical need to free Raja Rao from the constricting political interpretations that have been imposed on him and see him for what he really

fl0 cover story 1jpg

Demonetisation: Currency crisis

Wrecking the system

The liquidity crisis of unprecedented dimensions that the Modi government has unleashed shocks the economy, drives people to despair and ruin and thre

FL09PRONAB

Interview: Pronab Sen

‘Demonetisation does nothing to stop generation of black money’

Interview with Pronab Sen, Country Director for the India Central Programme, International Growth Centre.

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Deposits before dark

In Kolkata, the BJP deposits in its bank account Rs.3 crore just before the demonetisation announcement, raising allegations of “selective leaking” of

FL9Jad23368jpg

Grinding to a halt

The response to the Narendra Modi government’s sudden jolt to the country’s monetary policy ranged from adulation to shock.

FL09DEMONITBANKEMPLOYEES

Bank staff at breaking point

Employees in nationalised banks were often mocked for their slow pace of work and long lunch breaks. Until the midnight of November 8 when demonetisat

FL09BUHARI

A history of Demonetisation experiments

African experience

Examples from the continent show that if demonetisation is not properly conceptualised and implemented, it can spell endless suffering for the people.

fl09 seshadri charteps

Deadly disruption

The chaos following the move to remove notes from circulation exposes the country’s lack of preparedness in the bid to shift to a cashless economy.

FL09ATM

Paperless economy

Digital pipe dream

The digital infrastructure is so woefully inadequate that a paperless economy is a distant dream.

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