Exclusive tv interview : UAE Exchange president Sudhir Shetty speaks on demonetisation

Daijiworld Media Network - Mangaluru

Mangaluru, Jan 23 : More than two months after demonetisation of high value currencies was announced by the Narendra Modi-led government, the issue continues to hog limelight. While debates on the various pros and cons of the move have raged in media since November 2016, here's an NRI entrepreneur's views on the subject.

Economist of repute, president of UAE Exchange Sudhir Shetty spoke exclusively on Daijiworld 24x7 TV channel about the recent demonetisation by the Indian government.

Shetty spoke on various aspects including the benefits of banning Rs 500 and 1,000 notes.

Watch the complete interview here:


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Comment on this article

  • Arun, Mangalore

    Wed, Feb 22 2017

    People can say whatever they want. At the end of the day our honorable primeminister has done what other leaders could not do. A man with vision and mission.
    cometh the hour cometh the man. we are with you modi.
    as for others they can swallow it with a pinch of salt.

    DisAgree [5] Agree [2] Reply Report Abuse

  • nks, Mlore

    Sat, Jan 28 2017

    Very informative and sensible interview. One of the best interviews I heard after demonetization. Thanks You Mr. Sudhir Shetty and Daijiworld.

    DisAgree [5] Agree [4] Reply Report Abuse

  • Vincent Rodrigues, Katapadi/Frazer Town,Bangaluru

    Tue, Jan 24 2017

    Shetty's comments seems to be biased since the demonetisation has effected majority of the people except the rich

    DisAgree [8] Agree [20] Reply Report Abuse

  • kas, Mangalore

    Tue, Jan 24 2017

    Shetty has to to speak in favor of Note Bandi...... If he, as a banker speaks against note bandi, he will be under the scanner of CBI, NIA etc...

    Shetty Being NRI did not understand the problem of NRI to exchange the old notes with them .....

    Any how this note bandi has given TWO slaps to Modi sarkar.
    1...He was dreaming that all the money printed will not come back to Reverse Bank ( at least 4 lakh crore will not come back ) .... Unfortunately all currency even up to the last NOTE has been returned to RBI... What a wrong calculation ????
    2.... He was screaming about fake currency notes.... But RBI has confirmed that they did not receive a single Fake note ......What a Fekugiri

    DisAgree [12] Agree [22] Reply Report Abuse

  • Shankar, Mangalore

    Tue, Jan 24 2017

    Budpunekla onji limit bodu!

    The two pints you have mentioned shows your utter ignorance.

    1. 0.8 trillion Rs worth notes have not come back to the banks.
    2. There is a recount of collected cash going on. This repeated procedure involves the segregation of unidentified fake notes. They are compiling the data of the fake notes found out during the deposits.

    DisAgree [14] Agree [11] Reply Report Abuse

  • kas, Mangalore

    Wed, Jan 25 2017

    What is the use of segregation now.....They may report all are fake notes , who is going to listen .... whom you are going to catch , if any fake notes are found ..... This is the intelligence quality of our officers..... 80 rules in 60 days ....
    Can you quote the ref of your 2 points ..... Let us see the TRUTH in your statement .... Even if you find any fake notes, there is no use... you can not catch the depositor... the fake notes should have been detected at the counters at the time of deposit ...... Adige biddaroo meesay mele..... good luck .....

    DisAgree [6] Agree [12] Reply Report Abuse

  • Anand, Karkala

    Tue, Jan 24 2017

    Those who are in money business can better understand about demonetization, how beneficial in the long run, what are the advantages, very good interview and useful information to the uneducated. Thank you Sudheeranna....

    DisAgree [8] Agree [22] Reply Report Abuse

  • norman, shirva/Dubai

    Tue, Jan 24 2017

    I was in India (shirva/goa) in Dec for xmas and new year....i feel that plastic is good...carrying bundles of cash this day in age is like access baggage.... cash only on a need only basis...fish market, auto, taxi u need to use credit card.... u get a good inventory of what u have spent and how much....

    DisAgree [17] Agree [17] Reply Report Abuse

  • Eric Coelho, Mangalore

    Mon, Jan 23 2017

    I have one sentence about demonetisation: "It is a total failure".

    DisAgree [30] Agree [63] Reply Report Abuse

  • Ravi Raj, Puttur

    Mon, Jan 23 2017

    Failure is in your DNA like British people ,where as you people failed in Iraq,Afghanistan,every where failure ,so you can see only failures .

    DisAgree [24] Agree [22] Reply Report Abuse

  • ShivaPrasad, Oman

    Mon, Jan 23 2017

    It would be interesting to know if UAE exchange plan to adopt Block Chain technology ...

    DisAgree [5] Agree [18] Reply Report Abuse

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