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Modi's demonetisation move 'gamble', will set precedent: media

Modi s demonetisation move gamble , will set precedent: media - News and Press Release - Dated:- 26-11-2016 - Beijing, Nov 26 (PTI) Terming Prime Minister Narendra Modi's demonetisation move as very bold , China's official media today said it .....

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and 100 yuan notes, said an editorial in the state-run Global Times titled 'Modi takes a gamble with money reform'. 100 yuan is China's highest currency note. To prevent a leak of information jeopardising the implementation of the demonet .....

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new policy, the editorial said. As more than 90 per cent of transactions in India are made with cash, banning 85 per cent of the currency in circulation brings a lot of trouble to people's daily life sparking fierce criticism including from form .....

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oblems, the editorial said. However, it stated that as far as the root causes of corruption exist, the problems will always resurface. In other words, the Modi government wishes to turn a long and arduous reform into a one-off deal, it said. Demoneti .....

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sserted that the Western-style democratic system of India allows little room for such bold moves. However, he is really carrying it out, and will create a precedent no matter he succeeds or fails, it said. Reform is always difficult and requires more .....

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