Blog Politics 

DELIVERING BREXIT

By Shanta Acharya The newly elected leader of the Conservative party and Prime Minister of the UK, Alexander Boris de Pfeffel Johnson, has pledged to leave the European Union on 31 October 2019, ‘do or die’, if a free trade agreement cannot be reached by then. The ‘Withdrawal Agreement’ Theresa May, his predecessor, brokered was thrice rejected by Parliament. For Boris Johnson, this agreement is beyond resurrection unless the ‘backstop’, an insurance plan to avoid a hard border between Northern Ireland and its southern neighbor, is removed. The EU has…

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Economics Politics 

India’s De/Re-Monetisation and Me

By Shanta Acharya On 8th November 2016 the Government of India took the unprecedented step of banning the use of ₹500 and ₹1000 notes. The announcement was made in the evening and these specified bank notes (SBNs) were deemed ‘illegal’ after midnight. Holders of such notes would be able to convert them into legal tender by handing them in at any Indian bank; this facility was available till 30th December 2016. Alternative provisions were made for those not resident in the country during that period. There was wide support in…

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