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                      NewsIndia Today Conclave Next 2017VideoArun Jaitley at India Today Conclave Next 2017: Every structural reform like demonetisation will have consequences
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                      Arun Jaitley at India Today Conclave Next 2017: Every structural reform like demonetisation will have consequences

                      India Today Television
                      India Today Television
                      UPDATED: Nov 8, 2017 23:28 IST

                      At the India Today Conclave Next 2017, Union Finance Minister Arun Jaitley today spoke about the impact of demonetisation ahead of its first anniversary. He said structural reforms like the note ban would have consequences.

                      Demonetisation is a move that should not be seen in isolation but in combination with the various steps that the Narendra Modi government has taken to ensure that India ultimately sees a "sea change" in how it spends its money, Jaitley said.

                      "A step like demonetisation and if you link it to various steps government has taken, I think we've succeeded in bringing to centrestage the issue of how financial transactions in a country like India ought to be carried out," the FM said.

                      "Should a country that aspires to be a developed country be cash-dependent? Do we allow status quo to continue?" Jaitley asked as he asserted that one of the ideas behind demonetisation was India needs to "shrink the quantum of its cash balance".

                      You can watch the full video of his conversation with India Today Group Editorial Director (Publishing) Raj Chengappa, right here.

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                      On this special report, Chairman and Managing Director of Axis My India, Pradeep Gupta, analyzes the shifting demographic trends in the Brihanmumbai Municipal Corporation (BMC) elections. Gupta highlights a significant generational divide, noting that younger voters aged 18 to 35 are increasingly gravitating towards the BJP and the 'triple engine' government. He states, 'They are voting this issue in the anticipation and hope that the ruling party in the state and in the central is likely to address them,' referring to critical urban infrastructure needs. The discussion underscores that while local issues like drainage, sanitation, and public toilets remain paramount due to the absence of local corporators for four years, the youth are prioritizing aspirational growth and modern infrastructure. The program also features insights from Shaina NC on the Eknath Shinde-led government's initiatives for the 'Marathi Manos' and redevelopment projects, contrasting these with the identity politics of the opposition.

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