Note-Bandi

Demonetisation and India’s Elusive Chase for Black Money

Price: 750.00 INR

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ISBN:

9780199486793

Publication date:

11/12/2017

Hardback

504 pages

Price: 750.00 INR

We sell our titles through other companies
Disclaimer :You will be redirected to a third party website.The sole responsibility of supplies, condition of the product, availability of stock, date of delivery, mode of payment will be as promised by the said third party only. Prices and specifications may vary from the OUP India site.

ISBN:

9780199486793

Publication date:

11/12/2017

Hardback

504 pages

Edited by R. Ramakumar

This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people, and various claims of the government vis-à-vis demonetisation.

Rights:  World Rights

Edited by R. Ramakumar

Description

The demonetisation of November 2016 will go down in history as one of the most intensely debated economic policy interventions of the Indian state. With the abolition of the legal tender status of Rs 500 and Rs 1,000 notes, about 86 per cent of the currency in circulation stood withdrawn from circulation in the economy. The purpose, according to the government, was to stamp out counterfeit currency, unearth black money, and usher in a less-cash economy.
This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people, and various claims of the government vis-à-vis demonetisation. It tries to locate the two demonetisations of 1978 and 2016 within the broader questions of tax evasion and the generation and storage of black money in India over the last six decades. It has a comprehensive introduction, supported by writings from the archives of the Economic & Political Weekly.

About the Editor

R. Ramakumar
is professor and dean at the School of Development Studies, Tata Institute of Social Sciences, Mumbai, India.

Edited by R. Ramakumar

Table of contents


List of Tables and Figures
Preface
Credits
I. Introduction
1. A Nation in the Queue: On How Demonetisation Wrecked the Economy and Livelihoods in India
R. Ramakumar
II. Debates on the Size of the Black Economy
2. Unaccounted Economy in India: A Critical Review of Some Recent Estimates
Shankar Acharya
3. Unaccounted Income: Some Estimates
O.P. Chopra
4. Estimates of the Unreported Economy in India
Poonam Gupta and Sanjeev Gupta
5. Estimates of Black Income: A Critique of Gutmann Method
J.C. Sandesara
6. Estimating Unaccounted Income in India: Using Transport as a Universal Input
Sacchidananda Mukherjee and R. Kavita Rao
III. Black Money and Tax Evasion
III (a) The International Ramifications of Tax Evasion
7. An Empirical Study on the Transfer of Black Money from India: 1948–2008
Dev Kar
8. On a Wild Goose Chase for Black Money in Switzerland
D. Ravi Kanth
9. Participatory Note Investments: Do Indian Markets Need Them?
S.S.S. Kumar
10. Did Adani Group Evade Rs 1,000 Crore Taxes?
Paranjoy Guha Thakurta, Shinzani Jain and Advait Rao Palepu
III (b) The Hindu Undivided Family Act
11. HUF Tax Avoidance Revisited
I.S. Gulati
III (c) Excise Duty Evasion: Case Study
12. Excise Duty Evasion on Cotton Textile Fabrics
Gopinath Pradhan and M. Govinda Rao
III (d) Black Money and Politics
13. Black Money and Politics in India
Jagdeep S. Chhokar
IV. DEMONETISATION AND THE INDIAN ECONOMY
IV (a) The Rationale for Demonetisation
14. Demonetisation: 1978, the Present and the Aftermath
J. Dennis Rajakumar and S.L. Shetty
15. Economic Rationale of Demonetisation: An Analysis of the Claims of the Government
Vineet Kohli and R. Ramakumar
16. The Problem of Fake Indian Currency Notes: A Process Oriented View
Amitava Bandyopadhyay, Ranjan Sett and Dipak K. Manna
17. Negative Interest Rates: Symptom of Crisis or Instrument for Recovery? 351
C.P. Chandrasekhar
18. The New Moral Economy: Demonetisation, Digitalisation and India’s Core Economic Problems
Atul Sood and Ashapurna Baruah
IV (b) Theoretical Perspectives
19. The Legacy of Demonetisation
Prabhat Patnaik
20. Demonetisation through Segmented Markets: Some Theoretical Perspectives
Parag Waknis
IV (c) Impact on the Economy
21. Demonetisation and Cash Shortage
Ashok K. Lahiri
22. Lost Due to Demonetisation
Ashok K. Nag
23. The Cashless Economy of Chikalthana
P. Sainath
24. Curry Mixed with Demonetisation and a Pinch of Pesticide
Rahul M.
25. Impact of Demonetisation in Kerala
R. Mohan
26. Quarterly GDP Estimation: Can It Pick Up Demonetisation Impact?
R. Nagaraj
27. Demonetisation and the Delusion of GDP Growth
Ritika Mankar and Sumit Shekhar
Index
About the Editor and Contributors

Edited by R. Ramakumar

Edited by R. Ramakumar

Edited by R. Ramakumar

Description

The demonetisation of November 2016 will go down in history as one of the most intensely debated economic policy interventions of the Indian state. With the abolition of the legal tender status of Rs 500 and Rs 1,000 notes, about 86 per cent of the currency in circulation stood withdrawn from circulation in the economy. The purpose, according to the government, was to stamp out counterfeit currency, unearth black money, and usher in a less-cash economy.
This work analyses in detail the conception and implementation of demonetisation, its impact on different spheres of the economy and sections of the people, and various claims of the government vis-à-vis demonetisation. It tries to locate the two demonetisations of 1978 and 2016 within the broader questions of tax evasion and the generation and storage of black money in India over the last six decades. It has a comprehensive introduction, supported by writings from the archives of the Economic & Political Weekly.

About the Editor

R. Ramakumar
is professor and dean at the School of Development Studies, Tata Institute of Social Sciences, Mumbai, India.

Read More

Table of contents


List of Tables and Figures
Preface
Credits
I. Introduction
1. A Nation in the Queue: On How Demonetisation Wrecked the Economy and Livelihoods in India
R. Ramakumar
II. Debates on the Size of the Black Economy
2. Unaccounted Economy in India: A Critical Review of Some Recent Estimates
Shankar Acharya
3. Unaccounted Income: Some Estimates
O.P. Chopra
4. Estimates of the Unreported Economy in India
Poonam Gupta and Sanjeev Gupta
5. Estimates of Black Income: A Critique of Gutmann Method
J.C. Sandesara
6. Estimating Unaccounted Income in India: Using Transport as a Universal Input
Sacchidananda Mukherjee and R. Kavita Rao
III. Black Money and Tax Evasion
III (a) The International Ramifications of Tax Evasion
7. An Empirical Study on the Transfer of Black Money from India: 1948–2008
Dev Kar
8. On a Wild Goose Chase for Black Money in Switzerland
D. Ravi Kanth
9. Participatory Note Investments: Do Indian Markets Need Them?
S.S.S. Kumar
10. Did Adani Group Evade Rs 1,000 Crore Taxes?
Paranjoy Guha Thakurta, Shinzani Jain and Advait Rao Palepu
III (b) The Hindu Undivided Family Act
11. HUF Tax Avoidance Revisited
I.S. Gulati
III (c) Excise Duty Evasion: Case Study
12. Excise Duty Evasion on Cotton Textile Fabrics
Gopinath Pradhan and M. Govinda Rao
III (d) Black Money and Politics
13. Black Money and Politics in India
Jagdeep S. Chhokar
IV. DEMONETISATION AND THE INDIAN ECONOMY
IV (a) The Rationale for Demonetisation
14. Demonetisation: 1978, the Present and the Aftermath
J. Dennis Rajakumar and S.L. Shetty
15. Economic Rationale of Demonetisation: An Analysis of the Claims of the Government
Vineet Kohli and R. Ramakumar
16. The Problem of Fake Indian Currency Notes: A Process Oriented View
Amitava Bandyopadhyay, Ranjan Sett and Dipak K. Manna
17. Negative Interest Rates: Symptom of Crisis or Instrument for Recovery? 351
C.P. Chandrasekhar
18. The New Moral Economy: Demonetisation, Digitalisation and India’s Core Economic Problems
Atul Sood and Ashapurna Baruah
IV (b) Theoretical Perspectives
19. The Legacy of Demonetisation
Prabhat Patnaik
20. Demonetisation through Segmented Markets: Some Theoretical Perspectives
Parag Waknis
IV (c) Impact on the Economy
21. Demonetisation and Cash Shortage
Ashok K. Lahiri
22. Lost Due to Demonetisation
Ashok K. Nag
23. The Cashless Economy of Chikalthana
P. Sainath
24. Curry Mixed with Demonetisation and a Pinch of Pesticide
Rahul M.
25. Impact of Demonetisation in Kerala
R. Mohan
26. Quarterly GDP Estimation: Can It Pick Up Demonetisation Impact?
R. Nagaraj
27. Demonetisation and the Delusion of GDP Growth
Ritika Mankar and Sumit Shekhar
Index
About the Editor and Contributors

Read More