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http://www.ndtv.com/india-news/who-knew-pm-narendra-modis-black-money-move-kept-a-closely-guarded-secret-1635822 http://www.ndtv.com/india-news/who-knew-pm-nare
by wav-part 10y ago
http://www.ndtv.com/india-news/who-knew-pm-narendra-modis-black-money-move-kept-a-closely-guarded-secret-1635822 http://www.ndtv.com/india-news/who-knew-pm-narendra-modis-bl...
> Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy.
> Hasmukh Adhia, the bureaucrat, and five others privy to the plan were sworn to utmost secrecy, say sources with knowledge of the matter. They were supported by a young team of researchers working in two rooms at Prime Minister Modi's residence, as he plotted his boldest reform since coming to power in 2014.
> It was made up of young experts in data and financial analysis; some ran Prime Minister Modi's social media accounts and a smartphone app that he used to solicit public feedback.
- kbenson 10y ago> > It was made up of young experts in data and financial analysis; some ran Prime Minister Modi's social media accounts and a smartphone app that he used to solicit public feedback. So, either they had experts in data and financial analysis running social media accounts and (creating?) a smartphone app he used to get feedback, or at least some of these "experts" had their area of expertise somewhere other than data and financial analysis. I know what I think is more likely...
- wav-part 10y agoWhat troubles me more is, How did they come to ban-notes as conclusion considering the economy is mostly underground/decentrealized (ie they dont/cant have the data). (Observation) India is highly decentralized/resilient. In India, Govt is just a thing. People dont pay much mind to it. They minimize interaction with Govt and bear it when they have to. But this time I think Govt overdid it.