TT RAM MOHAN's comments on the Indian economy, banking and current affairs
Sunday, October 11, 2015
Bloomberg interview
A Bloomberg crew landed up at IIMA the other day and did an interview with me on the Indian economy and Indian banking.
4 comments:
Anonymous
said...
Hi Prof.,
Thanks for the link. .. by the way I happened to stumble upon your discussion with Mythili B. on ET NOW on black money.. was dejected when you presented pessimistic picture of chances of correcting the black economy.
Atleast the Finance ministry could start by banning P-Notes and bringing in the Benami transaction bill promised in the budget... that should stop circulation of black money to some extent.
But the biggest stumbling block is the Finance Minister himself who only lawyers on to solve the problems of economy ... would be good to get rid of him.
Banning P notes can help only at the margin as it represents a portion of the black money generated within the country and which leaves the country. The problem is not the absence of laws or enforcement powers. It is that the entire machinery is not capable of acting against the big offenders, given the nexus between various interests.
4 comments:
Hi Prof.,
Thanks for the link. .. by the way I happened to stumble upon your discussion with Mythili B. on ET NOW on black money.. was dejected when you presented pessimistic picture of chances of correcting the black economy.
Atleast the Finance ministry could start by banning P-Notes and bringing in the Benami transaction bill promised in the budget... that should stop circulation of black money to some extent.
But the biggest stumbling block is the Finance Minister himself who only lawyers on to solve the problems of economy ... would be good to get rid of him.
Regards
Deepak
Hello Deepak,
Thanks for your comments.
Banning P notes can help only at the margin as it represents a portion of the black money generated within the country and which leaves the country. The problem is not the absence of laws or enforcement powers. It is that the entire machinery is not capable of acting against the big offenders, given the nexus between various interests.
TTR
I have been reading your blog for 5+ years. Finally got to see how you look :-)
Thanks Pranam
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