India sees impact of cashless economy

Prof Dilip Memon, director at the Centre for Indian Studies in Africa at the University of Witwatersrand says demonetisation in India has had a significant impact on the economy.

Speaking to CapeTalk's Kieno Kammies, he said that it was a surprise move when the Indian Prime Minister announced last year that the high value INR 1000 and INR 500 notes were to be withdrawn.

Reasons provided for going this route included rooting out black money, preventing the funding of terrorism, and bringing down the real estate bubble The impact has been significant, especially in the informal sector, which is 93% of work force in India.

Listen to Kieno Kammies hear from Prof Dilip Menon, Director at the Centre for Indian Studies in Africa: Wits


Recommended

by NEWSROOM AI
Read More
How each Brics country fared in 2016 (and what’s ahead for them in 2017)

How each Brics country fared in 2016 (and what’s ahead for them in 2017)

Brazil, Russia, India, China and South Africa… Deloitte’s Dr Martyn Davies looks at the rear-view mirror and his crystal ball…

BRICS Report: Calls for early vote emerge before 2018 elections

BRICS Report: Calls for early vote emerge before 2018 elections

Brazil has undergone a crippling recession and suffered from a corrupt system making services delivery a growing challenge.

BRICS Report: SA urges Russian companies to increase investment

BRICS Report: SA urges Russian companies to increase investment

South Africa is looking to see increased investment and trade with Russia as a BRICS partner.

BRICS Report: How will Brazil fair with new US relations under Trump?

BRICS Report: How will Brazil fair with new US relations under Trump?

The Latin-American country has over recent years experienced ongoing mass protests during a deep recession.

President Zuma and BRICS leaders under attack by white capitalists: Mngxitama

President Zuma and BRICS leaders under attack by white capitalists: Mngxitama

Andile Mngxitama describes Black First Land First's view that white capitalists are behind campaigns to remove President Jacob Zuma from office.

Popular articles
Medical aid premiums are set to increase in 2019

Medical aid premiums are set to increase in 2019

The submissions are currently with the Council for Medical Schemes for consideration.

Assisted suicide activist facing murder charge released on bail

Assisted suicide activist facing murder charge released on bail

Eyewitness News reporter Shamiela Fisher gives a summary of the court proceedings for Sean Davison.

The weed debate continues

The weed debate continues

Callers on the Eusebius McKaiser Show discuss the ConCourt's ruling to decriminalize dagga.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

'Let’s tax this thing and make money out of it!'

'Let’s tax this thing and make money out of it!'

The Money Show's Bruce Whitfield interviews Jeremy Berke (Business Insider) and Unathi Henama (Tshwane University of Technology).

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education spokesperson Elijah Mhlanga spoke to Joanne Joseph on the Afternoon Drive to elaborate.

ConCourt rules dagga legal for private use, but what is private?

ConCourt rules dagga legal for private use, but what is private?

Associate Professor of Law at Wits University James Grant says the ConCourt did not define what private use was.