Black money, by its very nature, is hard to estimate accurately; therefore the gains from demonetization of Rs. 500 and Rs. 1000 notes are also difficult to quantify. Thinking about the following ten questions will enable us to have a clearer account of what this will (or not) achieve.
India has more cash (12% of money supply) than other countries (3% in UK and 10% in the US), but it remains a small part of the total.
Let me begin this essay on juvenile crime with a personal experience with juveniles, potentially delinquents. Recently, I was walking in a relatively secluded area of Delhi in broad daylight, when I heard a sound from a fast approaching motorbike from behind. Within a fraction of a second, I felt an inappropriate physical gesture. And within a fraction of the next second, I realised that this was by one of the three fancily dressed slum kids who zoomed past me. I felt anger and helplessness and reported the motorbike number, or whatever I could remember of it, to a nearby police chowki.
The title of this fine book does its contents a disservice, for it is about much more than speech which offends, shocks, or disturbs. Its aims are two-fold: first, to provide a doctrinal analysis of Indian free speech jurisprudence; and second, to critically examine it from a philosophical point of view.
Bhatia notes ruefully that the pathologies of the Indian legal system may limit the impact of these theoretical explorations in practice. Nevertheless, it is worthwhile to ask whether Indian free speech jurisprudence is internally coherent and compatible with democratic ideals.
A few days ago, Bharatiya Janata Party member of Parliament Tarun Vijay tweeted an appreciation of Indira Gandhi on her birth anniversary, calling her a “symbol of strength”. The appreciation of this kind of “strength” was puzzling because it seemed incompatible with Vijay's praise in the past for Mahatma Gandhi, and for his criticism of the Emergency.
Much of the work by Angus Deaton, the winner of this year’s Nobel Memorial Prize in Economic Sciences, has been focussed on measurement issues. He has questioned the quality of data collected in large surveys and suggested ways of improving the surveys. He has also thought very hard about how these data could or could not be used, how to reduce measurement errors, and what inferences one can, or cannot, draw from data that might suffer from measurement errors.