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Demonetisation may have hurt more than it helped -Amulya Ganguli

-IANS It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the economy. For most of them, the GST seems right -- like the uniform civil...

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Demonetisation: The chronicle of a failure foretold -C Rammanohar Reddy

-Scroll.in Because the exercise was doomed to fail in its primary objective of rooting out Black Money, the government kept changing its aims. We have travelled a long way from November 8, 2016, when Prime Minister Narendra Modi told us that the Black Money held in Rs 500 and Rs 1,000 currency notes would become “worthless pieces of paper”. Now, we are told by the finance ministry that the government expected...

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Demonetisation coin falls on Narendra Modi government's head, leaves behind a large bump -Sandipan Sharma

-Firstpost.com The Narendra Modi government seems to have inherited Amitabh Bachchan's famous coin from Sholay. For, whichever way it falls, the government claims it has won. Its latest spin on demonetisation is yet another example of the government's 'heads we win, tails we win' arrogance. But, economy is not cinema. So, don't believe for a moment that the government was expecting almost all of the demonetised currency to return to the Reserve...

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The Truth About Demonetisation -Prabhat Patnaik

-Newsclick.in After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetised in November 2016, came back to the banking system. After months of dilly-dallying the Reserve Bank of India has finally come out with the figure that nearly 99 percent of the currency notes demonetised in November 2016, came back to the banking system. The total value...

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Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma & Pranav Mukul

-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of Black Money, elimination of fake currency, squeezing funds available for...

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