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GST good economics; demonetisation is not: Basu

Goods and Services Tax - GST - Dated:- 12-11-2016 - Former World Bank Chief Economist Kaushik Basu said the Modi government's decision to demonetise high denomination currency notes is not 'good economics' and the collateral damage of dem .....

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y of Finance, said in a tweet. Basu is currently professor of Economics and C Marks Professor at Cornell University. Basu on November 8 had said that with demonetisation, it is very likely that there will be a spike in gold and silver prices in India .....

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ing banks amid concerns over exchanging and depositing the scrapped currencies. People can deposit old ₹ 500 and ₹ 1,000 notes in their accounts till December 30, 2016, without any limit. Rstrictions have also been imposed on withdrawal l .....

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