so what is mr modi's clean ganga mission doing about it?me to the nerve centre of mr modi's effort to clean the ganges. as the prime minister bitten off more than he can chew? we have taken lessons from past mistakes. we are correcting it, so therefore there is tremendous focus and he is leading from the front. therefore, we are very confident we will achieve our target. but what we are not seeing as we travelled down the ganges is concrete evidence? fires will ensure there is a marked difference. but it isa there is a marked difference. but it is a long project. the thames, was the same, filthy 50 or 60 years ago. they also took 20 years to change the whole ecology of that. we will also achieve it. let's hope he is right, because the ganges sustains a unique ecosystem and one of the rarest animals in the world, the ganges river dolphin. what's more, they still survive in the main stretch of the river between the tanneries and the temples of varanasi. we have come down to the ganges and the hope was we might be able to spot the incredibly r

i mr. modig the situation would -- prime minister modi promising the situation would calm down. yoslyn: the deadline, frida r this to happen. that of course is going to hit where cash istry definitely king. we will see difficulties for people getting a hold of cash. 1000 rupees is 15 dollars. that aims of taking this note out of circulation had been corruption itat back into thesh system which has helped give the economy a better push. in the long-term, digital ensure tax compliance. the finance minister spoke yesterday, saying currency availability -- has increased despite the monetization. think it could be several months before the situation stabilizes. 's support seems to be holding up. why is that? rosalind: it is still holding up. thinkn see what people when the elections happen. there are about five of them coming up in the coming weeks. the difficulty in terms of -- impactingd demand and the economy, they have had to revise the growth forecasts. own from the original %7.8. of buyers not

mr. modi's india? kenneth: i think he would like -- and officials are so corrupt.ther sold an apartment recently in rural india. he gets back to the that lists have to price he paid because the official was paid off. this is routine in india. tom: ken rogoff on india. i will put this out on social. francine: we will talk about china. these are your financial markets starting the month on very uncertain footing. stocks in europe party which unchanged. the dollar retreating from a nine-month high. this is bloomberg. ♪ is "bloomberg surveillance." alix steel, what do you have on the show today? alix: we will be talking about oil. we are taking many different angles. there are still a lot of questions about a potential deal, especially compliance. we will be digging deeper into that as well as talking about investment opportunities. after the rally, the distress energy game is pretty much over, so where are the opportunities? we will be speaking to david foley. if you are an energy company and you need money, you call david foley. he is the man on the ground to underst

mody is back at post 9. >> early christmas gift from mr.i, european stocks moving higher after the ecb announced it would extend asset purchases but at a modestly slower pace. however, ecb president mario drag hip said he would rule out the prospect of additional purchases. listen in. >> if in the meantime the outlook becomes less favorable or if financial conditions become inconsistent with further progress towards a sustained adjustment of the path of inflation, the governing council intends to increase the program in terms of size and/or duration. >> a dovish taper or a market ease? markets were a bit confused how to react to the statement and that confusion well telegraphed in the euro-dollar chart. it initially surged against the dollar on the news of the ecb expanding asset purchases but swung sharply lower trading at $106 against the u.s. dollar. the german dax jumping to a new high. the banks also getting a lift, trading at levels not seen since january. the stocks 600 banks index closing higher by more than 2%. when it comes to pol

it's really true in terms of policies modi was elected to be india's mr. development. the model of development, for investment, but economic management, all of those. there's a big question mark on a lot of that right to but that's what he sold himself as. primarily, but it's also true that he satisfied and indian craving for so-called strong leader. and one element of being a strong leader is the idea that modi would not be pushed around. i attended several of his campaign rallies in the run-up to the election, and even though the focus was mostly on jobs and inflation, there was never a speech where he didn't mention the weakness of the government when it came to being slapped her about pakistan and so on. so there were both elements in it. there were -- serving the economic aspect was dominant. essentially he's a strong leader, what a sort of styles himself as the engine version of putin or texan or sort of these, or to one, take your pick. that's why does become so important for them because anything that erodes the sense of the big strong leader which is why i arg

. >> modi was elected be india's mr. development, better economic management. but that was what he sold himself as primarily but he also satisfied an indian craving for a so-called strong leader and one element of bag strong leader is the idea that modi would not be pushed around, and i attended several of his campaign rallies in the runup to election and even though the focus was mostly on johns and inflation there was never a speech where the didn't mexico the weakness of -- mention the weak novembers the government when it came to be slapped around by pakistan. so they were both elements in it. the economic aspect was dominant but he is a strong leader that is what his -- he sort of styles himself as. the indian version of putin or any of these sort of -- erdogan. take your pick. anything that erodes the since of him being a strong leader, which is why i argue he would respond, backs very politically important for him. >> thank you. was -- to finally end the panel on time but missed it i'm sorry to those who we couldn't get to. let me wrap um quickly by sayi