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: 150
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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: 151
 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);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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 97
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 Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik    </title>
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The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost

In the entire history of post-independence India, no..."/>
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The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost

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    <h1 class="cat-box-title">Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik</h1>
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		 Published on</span><span class="text-date"> Nov 12, 2021</span>
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                            <p style="text-align:justify">-National Herald</p><p style="text-align:justify"><em>The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost</em></p><p style="text-align:justify">In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs 1000 denomination decreed by the Modi government on November 8, 2016.</p><p style="text-align:justify">The fact that it did not achieve its stated objectives was not unforeseen; on the contrary, it was obvious to every economist that demonetisation was the height of folly even as it was announced, which is why it was opposed by all, except a handful of &ldquo;climbers&rdquo; keen to please the government.</p><p style="text-align:justify">The government had mentioned three objectives of the move: to eliminate black money, to get rid of counterfeit notes and to attack terror funding; of these the last two were add-ons that everybody knew did not carry much credibility.</p><p style="text-align:justify">A study by the Indian Statistical Institute had estimated counterfeit currency to be a minuscule proportion of total currency; hence the sudden demonetisation of 85 per cent of the country&rsquo;s currency for the sake of getting rid of a minuscule amount of counterfeit currency could not be taken seriously as an argument.</p><p style="text-align:justify">Please <a href="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgTg" title="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgTg">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT" class="re" target="_blank">National Herald, 12 November, 2021, https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT</a><div class="clear"></div>
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    <h1 class="cat-box-title">Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik</h1>
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                            <p style="text-align:justify">-National Herald</p><p style="text-align:justify"><em>The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost</em></p><p style="text-align:justify">In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs 1000 denomination decreed by the Modi government on November 8, 2016.</p><p style="text-align:justify">The fact that it did not achieve its stated objectives was not unforeseen; on the contrary, it was obvious to every economist that demonetisation was the height of folly even as it was announced, which is why it was opposed by all, except a handful of &ldquo;climbers&rdquo; keen to please the government.</p><p style="text-align:justify">The government had mentioned three objectives of the move: to eliminate black money, to get rid of counterfeit notes and to attack terror funding; of these the last two were add-ons that everybody knew did not carry much credibility.</p><p style="text-align:justify">A study by the Indian Statistical Institute had estimated counterfeit currency to be a minuscule proportion of total currency; hence the sudden demonetisation of 85 per cent of the country&rsquo;s currency for the sake of getting rid of a minuscule amount of counterfeit currency could not be taken seriously as an argument.</p><p style="text-align:justify">Please <a href="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgTg" title="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgTg">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT" class="re" target="_blank">National Herald, 12 November, 2021, https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik    </title>
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The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost

In the entire history of post-independence India, no..."/>
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The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost

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                            <p style="text-align:justify">-National Herald</p><p style="text-align:justify"><em>The combination of ignorance, arrogance and the desire for &ldquo;shock and awe&rdquo; on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost</em></p><p style="text-align:justify">In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs 1000 denomination decreed by the Modi government on November 8, 2016.</p><p style="text-align:justify">The fact that it did not achieve its stated objectives was not unforeseen; on the contrary, it was obvious to every economist that demonetisation was the height of folly even as it was announced, which is why it was opposed by all, except a handful of &ldquo;climbers&rdquo; keen to please the government.</p><p style="text-align:justify">The government had mentioned three objectives of the move: to eliminate black money, to get rid of counterfeit notes and to attack terror funding; of these the last two were add-ons that everybody knew did not carry much credibility.</p><p style="text-align:justify">A study by the Indian Statistical Institute had estimated counterfeit currency to be a minuscule proportion of total currency; hence the sudden demonetisation of 85 per cent of the country&rsquo;s currency for the sake of getting rid of a minuscule amount of counterfeit currency could not be taken seriously as an argument.</p><p style="text-align:justify">Please <a href="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgTg" title="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgTg">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT" class="re" target="_blank">National Herald, 12 November, 2021, https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT</a><div class="clear"></div>
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Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik

Published on Nov 12, 2021   Modified on Nov 14, 2021

-National Herald The combination of ignorance, arrogance and the desire for “shock and awe” on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs 1000 denomination decreed by the Modi government on November 8, 2016. The fact that it did not achieve its stated objectives was not unforeseen; on the contrary, it was obvious to every economist that demonetisation was the height of folly even as it was announced, which is why it was opposed by all, except a handful of “climbers” keen to please the government. The government had mentioned three objectives of the move: to eliminate black money, to get rid of counterfeit notes and to attack terror funding; of these the last two were add-ons that everybody knew did not carry much credibility. A study by the Indian Statistical Institute had estimated counterfeit currency to be a minuscule proportion of total currency; hence the sudden demonetisation of 85 per cent of the country’s currency for the sake of getting rid of a minuscule amount of counterfeit currency could not be taken seriously as an argument. Please click here to read more.

National Herald, 12 November, 2021, https://www.nationalheraldindia.com/opinion/demonetisation-one-of-independent-indias-most-devastating-measure-that-left-a-permanent-scar-on-the-economy?fbclid=IwAR3JfXiS7DRqBT8VKHiOnf4x8DWPJGWzOs2nkMO-Ubd8Lzbak_gZ0gZwgT

Tagged with: Black economy Black money Cash shortage Cash transactions Counterfeit currency Demonetisation Fake currency Indian Statistical Institute Note Ban Rs.1000 denomination Rs.500 denomination terror funding Cash-GDP ratio

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• SC asks RBI to provide quorum details of its Central Board meeting that recommended demonetisation - Srishti Ojha
• What Centre Told Supreme Court On Pleas Challenging Demonetisation
• Would the government have brushed aside the Reserve Bank of India if it had objected to demonetisation, Supreme Court asks Centre

 

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