Behind the introduction of new rituals and a new object is an absence of clarity or direction and the presence of theatre passing itself off as traditionalism.
The reporting system has been in place for years and is not a new provision taken in the wake of the move to recall the Rs 2,000 notes, according to Livemint.
In theory, the move may appear as a small “RBI monetary policy measure”. But in a ‘jobless-poor investment’ growth trajectory, how does the timing appeal to sound economic policy or thinking?