Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 73, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'catslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]Code Context
trigger_error($message, E_USER_DEPRECATED);
}
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.' $stackFrame = (int) 1 $trace = [ (int) 0 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php', 'line' => (int) 2421, 'function' => 'deprecationWarning', 'args' => [ (int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.' ] ], (int) 1 => [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) {}, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ], (int) 2 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php', 'line' => (int) 610, 'function' => 'printArticle', 'class' => 'App\Controller\ArtileDetailController', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 3 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 120, 'function' => 'invokeAction', 'class' => 'Cake\Controller\Controller', 'object' => object(App\Controller\ArtileDetailController) {}, 'type' => '->', 'args' => [] ], (int) 4 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php', 'line' => (int) 94, 'function' => '_invoke', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(App\Controller\ArtileDetailController) {} ] ], (int) 5 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php', 'line' => (int) 235, 'function' => 'dispatch', 'class' => 'Cake\Http\ActionDispatcher', 'object' => object(Cake\Http\ActionDispatcher) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 6 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Http\BaseApplication', 'object' => object(App\Application) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 7 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php', 'line' => (int) 162, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 8 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\RoutingMiddleware', 'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 9 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php', 'line' => (int) 88, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 10 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Routing\Middleware\AssetMiddleware', 'object' => object(Cake\Routing\Middleware\AssetMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 11 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php', 'line' => (int) 96, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 12 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 65, 'function' => '__invoke', 'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware', 'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {}, (int) 2 => object(Cake\Http\Runner) {} ] ], (int) 13 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php', 'line' => (int) 51, 'function' => '__invoke', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\ServerRequest) {}, (int) 1 => object(Cake\Http\Response) {} ] ], (int) 14 => [ 'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php', 'line' => (int) 98, 'function' => 'run', 'class' => 'Cake\Http\Runner', 'object' => object(Cake\Http\Runner) {}, 'type' => '->', 'args' => [ (int) 0 => object(Cake\Http\MiddlewareQueue) {}, (int) 1 => object(Cake\Http\ServerRequest) {}, (int) 2 => object(Cake\Http\Response) {} ] ], (int) 15 => [ 'file' => '/home/brlfuser/public_html/webroot/index.php', 'line' => (int) 39, 'function' => 'run', 'class' => 'Cake\Http\Server', 'object' => object(Cake\Http\Server) {}, 'type' => '->', 'args' => [] ] ] $frame = [ 'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php', 'line' => (int) 74, 'function' => 'offsetGet', 'class' => 'Cake\Http\ServerRequest', 'object' => object(Cake\Http\ServerRequest) { trustProxy => false [protected] params => [ [maximum depth reached] ] [protected] data => [[maximum depth reached]] [protected] query => [[maximum depth reached]] [protected] cookies => [ [maximum depth reached] ] [protected] _environment => [ [maximum depth reached] ] [protected] url => 'latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik/print' [protected] base => '' [protected] webroot => '/' [protected] here => '/latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik/print' [protected] trustedProxies => [[maximum depth reached]] [protected] _input => null [protected] _detectors => [ [maximum depth reached] ] [protected] _detectorCache => [ [maximum depth reached] ] [protected] stream => object(Zend\Diactoros\PhpInputStream) {} [protected] uri => object(Zend\Diactoros\Uri) {} [protected] session => object(Cake\Http\Session) {} [protected] attributes => [[maximum depth reached]] [protected] emulatedAttributes => [ [maximum depth reached] ] [protected] uploadedFiles => [[maximum depth reached]] [protected] protocol => null [protected] requestTarget => null [private] deprecatedProperties => [ [maximum depth reached] ] }, 'type' => '->', 'args' => [ (int) 0 => 'artileslug' ] ]deprecationWarning - CORE/src/Core/functions.php, line 311 Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421 App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74 Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51 Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]Code Contextif (Configure::read('debug')) {
trigger_error($message, E_USER_WARNING);
} else {
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-trace').style.display = (document.getElementById('cakeErr67f55ade76865-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f55ade76865-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-code').style.display = (document.getElementById('cakeErr67f55ade76865-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-context').style.display = (document.getElementById('cakeErr67f55ade76865-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f55ade76865-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f55ade76865-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 57598, 'metaTitle' => 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'metaKeywords' => 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy', 'metaDesc' => '-Newsclick.in The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...', 'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 57598 $metaTitle = 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik' $metaKeywords = 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy' $metaDesc = '-Newsclick.in The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...' $disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $maxBufferLength = (int) 8192 $file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php' $line = (int) 853 $message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]Code Context$response->getStatusCode(),
($reasonPhrase ? ' ' . $reasonPhrase : '')
));
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-trace').style.display = (document.getElementById('cakeErr67f55ade76865-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f55ade76865-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-code').style.display = (document.getElementById('cakeErr67f55ade76865-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-context').style.display = (document.getElementById('cakeErr67f55ade76865-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f55ade76865-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f55ade76865-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 57598, 'metaTitle' => 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'metaKeywords' => 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy', 'metaDesc' => '-Newsclick.in The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...', 'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 57598 $metaTitle = 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik' $metaKeywords = 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy' $metaDesc = '-Newsclick.in The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...' $disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $reasonPhrase = 'OK'header - [internal], line ?? Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]Code Context$value
), $first);
$first = false;
$response = object(Cake\Http\Response) { 'status' => (int) 200, 'contentType' => 'text/html', 'headers' => [ 'Content-Type' => [ [maximum depth reached] ] ], 'file' => null, 'fileRange' => [], 'cookies' => object(Cake\Http\Cookie\CookieCollection) {}, 'cacheDirectives' => [], 'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-trace').style.display = (document.getElementById('cakeErr67f55ade76865-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f55ade76865-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-code').style.display = (document.getElementById('cakeErr67f55ade76865-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f55ade76865-context').style.display = (document.getElementById('cakeErr67f55ade76865-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f55ade76865-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">> </span></span></code> <span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/> </span></code></span> <code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/> </span></span></code></pre><pre id="cakeErr67f55ade76865-context" class="cake-context" style="display: none;">$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 57598, 'metaTitle' => 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'metaKeywords' => 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy', 'metaDesc' => '-Newsclick.in The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...', 'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 57598 $metaTitle = 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik' $metaKeywords = 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy' $metaDesc = '-Newsclick.in The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...' $disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM&rsquo;s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes &ldquo;die&rdquo;, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it &ldquo;dies&rdquo;, while the RBI&rsquo;s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the &ldquo;killing&rdquo; of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik.html"/> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css" media="all"/> <title>LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik | Im4change.org</title> <meta name="description" content="-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister..."/> <script src="https://im4change.in/js/jquery-1.10.2.js"></script> <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script> <script language="javascript" type="text/javascript"> $(document).ready(function () { var img = $("img")[0]; // Get my img elem var pic_real_width, pic_real_height; $("<img/>") // Make in memory copy of image to avoid css issues .attr("src", $(img).attr("src")) .load(function () { pic_real_width = this.width; // Note: $(this).width() will not pic_real_height = this.height; // work for in memory images. }); }); </script> <style type="text/css"> @media screen { div.divFooter { display: block; } } @media print { .printbutton { display: none !important; } } </style> </head> <body> <table cellpadding="0" cellspacing="0" border="0" width="98%" align="center"> <tr> <td class="top_bg"> <div class="divFooter"> <img src="https://im4change.in/images/logo1.jpg" height="59" border="0" alt="Resource centre on India's rural distress" style="padding-top:14px;"/> </div> </td> </tr> <tr> <td id="topspace"> </td> </tr> <tr id="topspace"> <td> </td> </tr> <tr> <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> <tr> <td width="100%"> <h1 class="news_headlines" style="font-style:normal"> <strong>Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik</strong></h1> </td> </tr> <tr> <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3"> <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> </font> </td> </tr> <tr> <td> </td> </tr> <tr> <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;"> <form><input type="button" value=" Print this page " onclick="window.print();return false;"/></form> </td> </tr> </table></body> </html>' } $cookies = [] $values = [ (int) 0 => 'text/html; charset=UTF-8' ] $name = 'Content-Type' $first = true $value = 'text/html; charset=UTF-8'header - [internal], line ?? Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181 Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55 Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141 [main] - ROOT/webroot/index.php, line 39
<head>
<link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp' $dataForView = [ 'article_current' => object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ [maximum depth reached] ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ [maximum depth reached] ], '[dirty]' => [[maximum depth reached]], '[original]' => [[maximum depth reached]], '[virtual]' => [[maximum depth reached]], '[hasErrors]' => false, '[errors]' => [[maximum depth reached]], '[invalid]' => [[maximum depth reached]], '[repository]' => 'Articles' }, 'articleid' => (int) 57598, 'metaTitle' => 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'metaKeywords' => 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy', 'metaDesc' => '-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...', 'disp' => '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>', 'lang' => 'English', 'SITE_URL' => 'https://im4change.in/', 'site_title' => 'im4change', 'adminprix' => 'admin' ] $article_current = object(App\Model\Entity\Article) { 'id' => (int) 57598, 'title' => 'Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik', 'subheading' => null, 'description' => '<p style="text-align:justify">-Newsclick.in</p> <p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p> <p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p> <p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p> <p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p> <p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p> <p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p> ', 'credit_writer' => 'Newsclick.in, 14 November, 2020, https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ', 'article_img' => '', 'article_img_thumb' => '', 'status' => (int) 1, 'show_on_home' => (int) 1, 'lang' => 'EN', 'category_id' => (int) 16, 'tag_keyword' => '', 'seo_url' => 'demonetisation-modi-s-hollow-claims-on-curbing-black-money-prabhat-patnaik', 'meta_title' => '', 'meta_keywords' => '', 'meta_description' => '', 'noindex' => (int) 1, 'publish_date' => object(Cake\I18n\FrozenDate) {}, 'most_visit_section_id' => null, 'article_big_img' => null, 'liveid' => null, 'created' => object(Cake\I18n\FrozenTime) {}, 'modified' => object(Cake\I18n\FrozenTime) {}, 'edate' => '', 'tags' => [ (int) 0 => object(Cake\ORM\Entity) {}, (int) 1 => object(Cake\ORM\Entity) {}, (int) 2 => object(Cake\ORM\Entity) {}, (int) 3 => object(Cake\ORM\Entity) {}, (int) 4 => object(Cake\ORM\Entity) {}, (int) 5 => object(Cake\ORM\Entity) {}, (int) 6 => object(Cake\ORM\Entity) {} ], 'category' => object(App\Model\Entity\Category) {}, '[new]' => false, '[accessible]' => [ '*' => true, 'id' => false ], '[dirty]' => [], '[original]' => [], '[virtual]' => [], '[hasErrors]' => false, '[errors]' => [], '[invalid]' => [], '[repository]' => 'Articles' } $articleid = (int) 57598 $metaTitle = 'LATEST NEWS UPDATES | Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik' $metaKeywords = 'Demonetisation,Note Ban,Black Money,Reserve Bank of India,RBI,Informal Sector,Digital Economy' $metaDesc = '-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister...' $disp = '<p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen.</em></p><p style="text-align:justify">On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason.</p><p style="text-align:justify">For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain.</p><p style="text-align:justify">The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money.</p><p style="text-align:justify">Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ" title="https://www.newsclick.in/Demonetisation-Modi-Hollow-Claims-Curbing-Black-Money?fbclid=IwAR16q_73P73PTikTw4APopovisCQae7Te7wgutSB8a0JWjP_Ga2DAunddVQ">click here</a> to read more.</p>' $lang = 'English' $SITE_URL = 'https://im4change.in/' $site_title = 'im4change' $adminprix = 'admin'
include - APP/Template/Layout/printlayout.ctp, line 8 Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413 Cake\View\View::_render() - CORE/src/View/View.php, line 1374 Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927 Cake\View\View::render() - CORE/src/View/View.php, line 885 Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791 Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126 Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94 Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96 Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65 Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
![]() |
Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik |
-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most people in the country know this to be a lie for a simple reason. For demonetisation to curb black money, there must be some mechanism through which it can be shown to do so. Otherwise it would be no different from claiming that the Olympic Games of 2016 curbed black money in India. Besides, since the fact of black money being curbed is itself not established, specifying a mechanism through which this could have happened, will enable us to check the veracity of at least some of the intermediate steps in the chain. The Modi government had actually specified such a mechanism at the time of demonetisation. This stated that demonetisation of currency notes will force the holders of such notes either to come out into the open to exchange them for new notes, at which point they have to explain how they managed to hold such large stacks of money; or to avoid such exposure by simply letting their currency notes “die”, which would be a blow against black money. Since currency is the liability of the Reserve Bank of India, if a part of it “dies”, while the RBI’s assets remain unchanged, it can print new notes in the place of the old ones and hand them to the government for use in any manner it chooses. So sanguine was the ruling Bharatiya Janata Party (BJP) about the “killing” of black money in this way that it went around talking of distributing a sum of Rs 3 to 4 lakh crore, expected to be incapacitated thus through demonetisation, among the poor households. Please click here to read more. |