Lizzy, on demonetisation, firstly, I have not found any logic behind this huge operation.
They say it is to weed out black money, but black money accounts for 4% of India's entire wealth. Shaking up 96% of the wealth just to weed out 4% ??
It is like being asked to wear bulletproof vest and being shot at to empty the gun, while one could just unload it.
Besides, in India, unaccounted wealth in the form of gold, land, shares, is much much much higher than the black money in cold hard cash.
And, OK, they did introduce the exercise, but who introduces 2000/- when 1000/- were taken away :s ..introduction of 500/- was fine, but why introduce 2000/- a higher tender??? Imagine what would happen if 2000/- notes were counterfeited. -_____-
Lastly, the way it has been handled yes, bank staff were overburdened, the long queues, the dead ATMs, absence of banks in rural areas(1 bank per 12 villages) and so on..
I have read an article by Amartya Sen on this issue, will try to find it, but I remember him making a very very important point on how the federal system of our country was undermined in this exercise by not informing any of the state governments. India may be a 'union of states with strong centre' but, somehow I see a point in what he said..
This talk about 'cashless economy', 'digitisation' is nothing but political propaganda to cover up the issue and coalesce the people, and it's easy to do so now, because millions are very supportive of Modi govt. However, having said all this, I am still hopeful if this exercise MAY have some benefit of some sort that we may get to know in the future.. do not wish to rule out such a big move by government. If it doesn't really reap any benefit, my feelings are going to be proven correct that this exercise was done with an ulterior motive.
To achieve a cashless economy in India is simply a FAR AWAY dream... hundreds of villages are not connected by roads, and WTH is this about digitization and a "cashless economy".
NO WAY RBI would've supported this, RBI Governor has become a puppet indeed. I remember how happy I was when Raghuram Rajan took his office, our country has now lost such a great economist :'(
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Investment on health has always been a very unfortunate issue in our country..
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On vocational training, I never looked at the issue that way :) You are making a very important point there.. hmm..