Despite much debate on Demonetisation, the arguments have been largely on specific aspects of the policy. A holistic view has been absent from the debate.
What was the rationale for Demonetisation 2016? Can it stamp out black money as promised? Were there other options, which would have avoided causing immense grief to countless Indians? What next after demonetisation?
C Rammanohar Reddy, noted economic writer, explored the drive to digitalisation of payments which post-demonetisation has emerged as an important point on the agenda of the government.
The talk was based on his new book, Demonetisation and Black Money, which has been written for every Indian – from the policymaker who would like to understand the lessons to be learnt from this exercise, to the scholar who wishes to understand the whys and whereof, to the citizen, who, bewildered by the turn of events, wants to know if the inconvenience that Demonetisation 2016 has caused will help the nation in any way.
C. Rammanohar Reddy
Mr Rammanohar Reddy has been a writer on economic affairs since 1988. He was Assistant Editor at Deccan Herald, Bengaluru (1988-93), Associate Editor at The Hindu, Chennai/Hyderabad (1993-2004) and then Editor for more than 11 years (2004-2016) at Economic & Political Weekly, Mumbai, India’s most prestigious journal of the social sciences and commentary.
He is currently Readers’ Editor at Scroll.in, Mumbai.
He holds a post-graduate diploma in management from the Indian Institute of Management Calcutta (1976) and an MPhil (1980) and then PhD (1988) in Economics from the Jawahar Lal Nehru University, New Delhi.
He has written widely on economic policy issues (domestic and international). He has also travelled extensively to North and South America, West Europe and East Asia to report and comment on meetings of the IMF, World Bank, WTO, UN and the Food and Agriculture Organisation.