-PTI/ The Hindu The intent of the move, which was criticised by many experts for poor planning and execution, was to make India a "less cash" economy. Currency with the public has jumped to a new high of ₹30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move. At ₹30.88 lakh crore, the currency with the public is 71.84% higher than the...

-PTI/ The Telegraph As the hearing commenced, a constitution bench headed by Justice S.A. Nazeer wondered if the matter survives consideration at this stage The Supreme Court said on Wednesday it will examine if the challenge to the Centre’s 2016 demonetisation decision has become a mere “academic exercise”, and posted it for consideration on October 12.  As the hearing commenced, a constitution bench headed by Justice S.A. Nazeer wondered if the matter survives...

-The Telegraph Over two dozen petitions have challenged the legal and constitutional validity of DeMo A five-judge constitution bench headed by Justice Abdul Nazeer will on Wednesday start hearing a batch of petitions challenging the Narendra Modi government’s demonetisation of high-value currency notes in November 2016. Over two dozen petitions have challenged the legal and constitutional validity of the demonetisation and the short window offered to citizens to exchange the demonetised notes. A three-judge...

-The Tribune Little impact of demonetisation Six years after demonetisation, the black currency market continues to thrive. There has been a whopping 107 times increase in the number of fake currency notes of Rs 2,000 denomination between 2016 and 2020. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary today said 2,272 fake currency notes of Rs 2,000 denomination were seized in 2016, 74,898 in 2017, 54,776...

-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...