Anand Mahindra Quotes

Indian Prime Minister Narendra Modi turned the narrative around on demonetisation very quickly by promoting the move as one way of ending systemic corruption in the country.

Demonetisation has boosted our efforts to build an honest society.

Demonetisation was a defining moment in the government's war on corruption and black money.

One of the demonetization benefits, in some markets like used cars, is that organized, transparent businesses are gaining at the cost of unorganized players.

Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.

Digital is the only way to get rid of corruption and unaccounted cash.

Banning cash transactions over R3 lakh will allow banks to diversify their banking activities into new areas and not mundane ones.

Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy.

People are with our Prime Minister, Mr. Narendra Modi, with regard to the surgical strike on black money. They are not with the opposition parties.

Demonetisation is going to result in long-term gains for the country.

This is a once in a lifetime event. It is very rare to remove 86% of the currency in circulation in one go. The logistics of such an operation are mammoth.

An honest money system is the only alternative.

Funds are fungible .... Capital controls are extraordinarily difficult to implement and enforce.

Many use Rs 500 and Rs 1,000 notes for daily transactions like going to theatres, malls, and trading purpose. People like these are unnecessarily put to inconvenience.

The capping of cash transactions will help the banks reduce cash intensity.

Demonetisation was a big flop, and its outcome was negative. The government has done nothing to get back black money.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

The attitude of the people proves that not only do we want to, but that we can succeed in pulling our country out of the difficult position it finds itself in. The banking system of our country will survive and grow.

I'm largely in favor of financial reform.

It is with government paper, and bank paper, as it is with the paper of private persons; that is, it is worth just what can be delivered in redemption of it, and no more. We all understand that the notes of the Astors, and Stewarts, and Vanderbilts, though issued by millions, and tens of millions, are really worth their nominal values.

I would like to thank the Cypriot people for their maturity and collectedness shown in their interactions with the Cypriot Banks.

As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.

Any new financial order for the world must tackle the three chief challenges of our age.

I don't know anyone else on Wall Street who ever conducted a major currency reform. Or for that matter, who established a government.

We demand that postal savings banks be established by the government for the safe deposit of the earnings of the people and to facilitate exchange.