EXCLUSIVE: Shashi Tharoor talks about his fears related to demonetization and the Paris Agreement
Advertisement
Advertisement
Talking to us from the
Q1. There is a lot of literature that has been produced on colonialism. What was the push for your latest book: An Era of Darkness?
Advertisement
Q2. From a purely economic standpoint, I’d like to know your views on the demonetization move.
Shashi- It was clearly not fully thought through. The collateral damage for innocent people in the current situation and in the foreseeable future completely outweigh the intended benefits to the economy.
They talk of a surgical strike but a surgical strike is a result of a well thought out operation, where you go after the black marketers and the non-tax payers whereas here as we see, the largest number of victims are actually innocents; ordinary people who are queuing outside banks and ATMs unable to access their hard-earned money.
The Government has failed to account that the common man uses most of the 84% of the currency that has been banned.
They have also failed as there are not enough currency notes and the ATMs are not recalibrated. They couldn’t have even printed notes of the same size!
Advertisement
I don’t understand why they couldn’t have extended the deadline to the end of the year, where you could’ve anyway tracked the amount someone is depositing in their bank account. The money underground has been driven further underground in irregular schemes and the regular money supply is choked.
Q3. After the US Elections, people fear that the
Shashi- Mr.
Advertisement
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market