When cash is not king

When cash is not king: In a new tryst with destiny, once again at the stroke of the midnight hour on November 8-9, Narendra Modi effectively demonetised large denomination notes in India. Of the Rs.16 lakh crore-plus in...

Excerpts:
"Cash is the new trash and the Prime Minister has acted decisively, ending reams of debates, declamations and declarations. Changing human behavior is the hardest thing to do in the world — Mr. Modi is doing just that in one of the most difficult ecosystems in the world. As a small aside, he has also dealt a body blow to ‘terror money’, and electoral politics in India will never be the same again."

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