-PTI/ NDTV.com The Union government submitted the decision of demonetisation was executed on the specific recommendation of the Central Board of the Reserve Bank of India. New Delhi: The 2016 demonetisation was a "well-considered" decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court. Defending its decision to demonetise currency notes of ₹ 500...
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2,192 days and still no answers on demonetisation -R Balaji
-The Telegraph Union government requests adjournment of hearing on a batch of petitions, Justice BV Nagarathna says ‘it’s very embarrassing for the court’ New Delhi: A five-judge constitution bench on Wednesday expressed displeasure over the Union government’s unparalleled request for adjourning the hearing on a batch of petitions challenging the demonetisation announced by Prime Minister Narendra Modi in 2016. “Normally, a constitution bench never adjourns like this. We never rise like this once...
More »demonetisation has Been an Utter Failure on all Fronts -Prabhat Patnaik
-Newsclick.in None of its stated objectives have been met and the entire exercise has turned out to be a mere act of converting old notes into new ones, at great inconvenience to the people. 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...
More »Six years since demonetisation, cash with public at record high of ₹30.88 lakh crore
-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...
More »Deliberative democracy -Namrata Jeph and Rajesh Ranjan
-The Telegraph Citizens’ participation in policy-making is an important factor in assessing the quality of democracy Within five days of the announcement of Agnipath, the scheme had been amended 10 times, raising the larger question concerning consultation in policy-making. The Bharatiya Janata Party-led National Democratic Alliance government has taken a number of policy decisions without public consultation — from demonetisation, which saw 60 changes in 43 days, to GST, which has been...
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