-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 Indian Express He said the RBI board had “independently applied its mind” to send the relevant recommendation to the government. THERE WAS never any shortage of currency in the aftermath of the decision to demonetise high-value currency, Finance Minister Arun Jaitley told the Rajya Sabha on Tuesday while answering a clutch of questions on the issue. “At no point of time, not for a single day, was the currency inadequate. As...

-Scroll.in The Paharia Adivasi community says they are cheated in their Banking transactions and don't know what to do with the debit cards. Just days after the Central government’s demonetisation announcement on November 8 kicked off a major push for digital payments, Kusheshwar Paharia, a resident of Nathgoda village in Jharkhand’s Godda district, received a thick packet in the mail. It contained a letter from the State Bank of India, with which he...

-The Hindu Business Line Experts concerned over low allocations for key schemes New Delhi: It’s like demonetisation didn’t happen at all, activists and economists exclaim. Budget 2017-18, coming right after the demonetisation move, had raised hopes of greater allocations for social sectors — what with Prime Minister Narendra Modi’s mantra of Sabka saath sabka vikaas. Yet, there is all-round disappointment. “It is quite extraordinary. Post demonetisation, this is when you needed substantial moves for...

-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...