It would be a miracle if demonetisation doesn't extract a political price from the BJP and Modi, says T C A Srinivasa-Raghavan. A myth has developed in India since May 2014 that Prime Minister Narendra Modi has inaugurated a 'presidential' form of government. The reference is to the way he is said to have centralised power in himself and the Prime Minister's Office. The demonetisation of November 8 is given as the latest example of this. As examples go, it is not a bad one, but the truth is ... Rediff.com, 3 weeks ago
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