'Will not inconvenience common people': Former CEA endorses RBI decision to scrap Rs 2,000 notes
According to Dr Subramanian, the withdrawal of Rs 2,000 notes will have overall positive effects
Source: businesstoday.in
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Detailed text transcripts for TV channel - CNN - 20100811:16:02:00
Body. this circular system. and you have to have this constant spending and investment. well, what we have is as consumers are saving a great deal, and these who are not saving, are large numbers of unemployed. we have businesses -- particularly the corporate sector now, that's doing a lot of cash hoarding. they're the healthiest sector of the economy, but they're not putting that money back into the economic system in the form of capital formation and investment. and so -- and then you have, of course, in general, decrease in consumer and investor confidence. and so that's what's happening. a...
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Detailed text transcripts for TV channel - MSNBC - 20130210:14:14:45
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