Friday, Oct 07, 2022
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“The Big Fish Can Absorb This Shock”

Former economic affairs secretary and anti-corruption activist E.A.S. Sarma on how it is only the small who are at the receiving end in the current demonetisation drive.

“The Big Fish Can Absorb This Shock” Photograph by Reddi Naveen

The small people at the receiving end in almost every sector of the economy are the ones who are finding themselves squeezed in the present demonetisation drive, while the “big fish have enough cushion, innovative capacity and political patronage to absorb the shock”, former economic affairs secretary and anti-corruption activist E.A.S. Sarma tells Lola Nayar. Excerpts from the interview:

Will the government realise its objective of mopping up unaccounted money and crippling the parallel economy through the so-called surgical strike on black money? Or are there enough loopholes through which money is being laundered?

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