Courses

Shikha Dalmia

Senior Analyst

Reason Foundation

Shikha Dalmia is a senior analyst at Reason Foundation, a nonprofit think tank advancing free minds and free markets.
Dalmia is a Bloomberg View contributor, a columnist at The Week, and writes regularly for Reason magazine. She also writes frequently for The Wall Street Journal and numerous other publications such as the Times of London, Time, USA Today and The Daily Beast. She previously served as a columnist for Forbes and the Washington Examiner.
Dalmia was co-winner of the first 2009 Bastiat Prize for Online Journalism for her columns in Forbes and Reason.

Blog Posts

Indian Prime Minister's shake down of private wealth

December 29, 2016
|
The Fed & Monetary Policy

Indian Prime Minister Narendra Modi stunned his country earlier this month when, out of the blue, he declared 85 percent of the nation's currency notes null and void. India's two highest rupee notes — Rs. 500 ($7.50) and Rs. 1,000 ($15) — will no longer be legal tender, and will be replaced with redesigned Rs. 500 notes and new Rs. 2,000 bills. Indians can swap a relatively small number of old bills for new ones by the end of the year, but only at designated banks and with proof of ID. Anyone trying to swap large sums of cash that they can't legally account for will be subject to investigation