Throughout the seventies and eighties it was globalization [The G word] of manufacturing facilities that is Product Markets. The anecdotal evidence often told in many a business school classrooms used to be like this. The doors of the Ford car are made in Barcelona and the seat cushions near Budapest and gearbox in the suburbs […]

I wrote in 2013 about “Europe Going Down” [https://rvaidya2000.com/2013/03/04/as-europe-goes-down-we-need-to-be-prepared-for-consequences/] Quote “The European economic and social crisis is becoming worse with each passing day. One business channel asked me in 2008 how long it might take to recover and I responded saying 40 quarters — they never came back to interview. But now I forecast it […]

 IIMB professor R. Vaidyanathan who favoured the idea of doing away with thenow-demonetised high-denomination notes says there is more to be done http://www.thehindu.com/todays-paper/tp-national/%E2%80%98Success-of-Centre%E2%80%99s-move-depends-on-how-many-notes-return-to-the-banks%E2%80%99/article16294046.ece   Years after he batted for the idea of doing away with the now-demonetised high-denomination notes, R. Vaidyanathan, professor of Finance and Control at the Indian Institute of Management Bangalore, says there […]

Finance Minister of India Arun Jaitley declared that “No estimation of black money either before or after Nov 8” http://indianexpress.com/article/business/economy/black-money-demonetisation-income-tax-department-arun-jaitley-finance-ministry-4430281/   Being a lawyer and in the new Avatar of FM has its own pitfalls. He does not seem to have knowledge of history of work done by his own department. Report of the Committee, […]

Reblogged from: http://taxheal.com/gold-jewellery-holding-limit-as-per-income-tax-act.html Instruction : No. 1916, dated 11-5-1994 Guidelines for seizure of jewellery and ornaments in course of search  Instances of seizure of jewellery of small quantity in course of operations under section 132 have come to the notice of the Board. The question of a common approach to situations where search parties come […]

By Prof.R.Vaidyanathan The dramatic announcement by the Prime Minister on the 08-11-2016 regarding De-monetising Rs 500 and Rs 1000 notes from the midnight of the same day has electrified the national mood and has altered the paradigm of public life. All black money is not due to corruption even though all corruption results in black […]

http://www.thehindu.com/todays-paper/tp-national/success-of-centres-move-depends-on-how-many-notes-return-to-the-banks/article9331368.ece IIMB Professor R. Vaidyanathan who favoured the idea of doing away the now-demonetised high-denomination notes says there is more to be done Years after he batted for the idea of doing away with the now-demonetised high-denomination notes, R. Vaidyanathan, professor of Finance and Control at the Indian Institute of Management Bangalore, says there is […]

http://timesofindia.indiatimes.com/city/bengaluru/It-could-end-womb-to-tomb-corruption/articleshow/55363958.cms When Prime Minister Narendra Modi announced the demonetization drive, Prof R Vaidyanathan at IIM-Bangalore was not surprised. For, in 2011, the professor, who teaches finance and accounting, had alerted the BJP about the need to do away with Rs 500 and Rs 1,000 notes if India had to curb black money. Vaidyanathan, who held […]

http://bangalore.citizenmatters.in/articles/iim-bangalore-professor-vaidyanathan-on-500-1000-note-ban Starting November 8th midnight, Indian currency notes of Rs 500 and Rs 1,000 ceased to circulate. The Prime Minister in his address said that the decision was taken to root out the black money, fake currency and corruption menace. The sudden-ness and immediacy of this decision has been notable, but a less known fact […]

http://www.business-standard.com/article/news-ians/criminalise-holding-in-cash-rs-10-lakh-or-more-says-iim-don-116111300491_1.html A multi-pronged strategy of criminalising possession of Rs 10 lakh or more in cash and cutting down discretionary powers of government officials are some of the steps the government should take to tackle corruption, says IIM- Bangalore don R. Vaidyanathan. “Demonetisation is the only step. The government should also make it a crime to […]