-Livemint.com Windfall gains and remonetisation claims are still uncertain, but the Indian economy has suffered a short-term pain for sure On 8 November, 2016 Prime Minister Narendra Modi announced the scrapping of Rs 500 and Rs1,000 notes, which constituted 86% of the currency in circulation. Exactly three months later, where does the Indian economy stand today? In an interview to Mint after the Union budget, economic affairs secretary Shaktikanta Das claimed that...

-The Telegraph Calcutta: The Bengal budget has proposed a grant of Rs 50,000 each to 50,000 migrant workers who were forced to return from other states because of demonetisation. By announcing the first such scheme in the country, the Mamata Banerjee government has beaten to the draw the Narendra Modi dispensation. Speculation had swirled around the Modi government that it might share the "gains of demonetisation" with the people through direct deposits...

-The Indian Express Government could have undone the damage of demonetisation through the budget. The opportunity has been missed in deference to the whims of global finance. Since 97 per cent of the value of demonetised currency has returned to the banks, causing, contrary to the government’s expectations, very little extinction of currency, it is obvious that demonetisation has totally failed to achieve its purported objective of denting the black economy. It...

-The Hindu As Parliament prepares to convene again after a winter session washed out due to the Opposition’s protest on demonetisation, it is worth asking why political mobilisation against the exercise is proving to be so difficult Demonetisation has been the most hotly debated topic since November 8, when Prime Minister Narendra Modi announced that the high-denomination notes then in circulation would cease to be legal tender. In a single stroke, nearly...

-The Hindu The primary aim of the demonetisation exercise was to tap black money. To mark the last day for depositing the demonetised notes, on December 31, 2016, the Prime Minister, in his address to the nation, fully acknowledged the great hardship suffered by common people due to the serious delay in making the new currency notes available in the banks, ATMs and rural areas, and thanked them for the faith...