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Note ban opens up new channels of corruption, says Austrian economist

Note ban opens up new channels of corruption, says Austrian economist

Sunday, March 19, 2017, 8:43 PM

Describing demonetisation as an attempt ‘akin to striking a rock with an egg’, eminent Austrian economist Heinz D Kurz has said it is ‘much too weak and misdirected an instrument’ to root out corruption. Actually, he said, the Indian government’s move opened up new avenues of corruption. Kurz is a professor of economics at the University of Graz, Austria.
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