-The Hindu The ill-prepared move left India with all the damages and very few of the benefits On November 8, 2016, Prime Minister Narendra Modi announced that from midnight, ₹500 and ₹1,000 notes would no longer be considered legal tender in India. The government’s stated aim was to curb corruption and the pervasion of black money in the economy, as well as the proliferation of fake currency which was also being used...
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Five years since demonetisation: What has changed? -Roshan Kishore
-Hindustan Times While demonetisation was subsequently described as a policy boost to promoting digital payments, the original policy had very different stated targets. November 8, 2021 marks five years of demonetisation in India. On this day in 2016, in a televised address at 8 pm, Prime Minister Narendra Modi declared that currency notes of ₹500 and ₹1000 -- these two denominations were 86% of the currency in circulation at the time in...
More »Why Modi laughed so much in the wake of Demonetisation -Ranjona Banerji
-National Herald Why do we cry now that this government doesn’t care about those who suffered and died from Covid? They felt nothing as millions of Indians struggled after notebandi on Nov 8, 2016 The anniversary of Narendra Modi’s demonic demonetisation is tomorrow, November 8. If people really ever believed that “Acche din” (good days) and “vikas” (development) were on their way, they knew in their heart of hearts at 8 pm...
More »No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start -Rohit Azad
-Scroll.in The policy, which wreaked havoc on the lives of the poor, mistakenly conflated cash with black money. Was demonetisation a good idea, badly implemented? I have heard this from the supporters of the regime but, to my surprise, even friends who are otherwise critical believe this to be true. The government’s stated aim for denotifying high-value currency notes with a four-hour deadline on November 8, 2016, was to land a body blow...
More »Opinion: Judging Indian police performance by just the crime statistics is a blunder -Shailesh Gandhi
-Scroll.in Such methodology to gauge the effectiveness of policing has only resulted in underreporting of cases and institutionalising dishonesty. We are happy to blame the politicians and the government for the various shortcomings of India’s criminal justice system but are reluctant to understand certain underlying reasons for these and focus on possible solutions. Two of these problems are corruption and general unfriendly behaviour in the police department. Most citizens know how difficult it...
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