EXCLUSIVE: Shashi Tharoor talks about his fears related to demonetization and the Paris Agreement
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?
Shashi- My speech at Oxford about the British owing India reparations struck a chord with millions and my publisher thought it would be wise to create something that people could go back and refer to instead of just watch. In the recent years, there were quite a lot of books justifying the British empire filled with mythology and self-justifications by authors like
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!
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
Popular on BI
- Indian startup founders celebrate Paytm’s success as company posts first operating profit
- Kim Jong Un abruptly reappears after 36 days out of the spotlight and orders North Korea to 'prepare for war'
- OpenAI makes a ChatGPT-like tool called Codex that can write software. Here's why Codex won't replace developers and will instead create more demand for their skills.
- Adani Power's Q3 profit plunges 96% to Rs 9 cr as expenses rise
- After an Ather 450X catches fire, the company says its battery is safe — fire was due to a wiring harness issue
- CCTV camera for home with mobile connectivity for 2023
- Best smartwatches under ₹3000
- Now, tourists from G20 countries will get to use UPI instead of cash in India