Published on Countercurrents.org, by Mirza Yawar Baig, Nov 15, 2016.
Dire Straits’ famous song has some very politically incorrect lyrics but the refrain, ‘Money for nothing and the chicks for free’ sums up the situation of black marketeers and owners before the demonetization and the name of the songsters – Dire Straits – sums up their situation in India today. But what are the implications of demonetization? We have seen many theories; conspiracy and otherwise. One of the best articles that I have read is by former Finance and Economic Affairs Secretary, Arvind Mayaram, which is here: Continuer la lecture de « India: Demonetisation And The Loss Of Faith In Rupee »