Did the Supreme Court really vindicate the Modi government’s demonetisation decision?
The BJP is projecting this judgement as an endorsement of its move. But the court only commented on narrow point of the legality of demonetisation.
Demonetisation, Supreme Court order and unanswered Questions
In this in-depth analysis of the entire Demonetisation process in the context of the 4:1 Supreme Court verdict delivered on January 02, 2023, points out that the extensive damages caused by the 2016 measure...
नोटेबंदी पर RBI की भविष्यवाणी कैसे हुई सच? | हमारा पैसा हमारा हिसाब
नोटबंदी की बात करने से केंद्र सरकार हमेशा कतराती रही है। लेकिन पिछले हफ्ते जब सुप्रीम कोर्ट ने नोटबंदी के खिलाफ याचिका पर सुनवाई शुरू की तो उन्हें मजबूर होना पड़ा। केंद्र सरकार ने...
What RBI told Modi about demonetisation and how it turned out to be true | THE MONEY TRAIL
The Union Government has always shied away from talking about demonetisation. But last week they were forced to, as the Supreme Court is hearing the petition against demonetisation. The Union Government in its affidavit...
From Desperation to Destitution to Despair
The callous and unwarranted announcement of demonetisation in November 2016 was one of the cruellest blows to the majority of India’s citizens, compelling them to plunge from what was already a life of desperation...
Black Money, Fake Notes and Inflation – What are the Government and RBI doing?
On November 8th, 2016, Prime Minister Narendra Modi announced that Rs. 500 and Rs. 1000 currency notes would be abolished. These notes have to be surrendered to the bank branches. He said black money...
Demonetisation has given rise to a state unanswerable to citizens
After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen no longer has any power to hold the state to account. After five years of demonetisation,...
Demonetisation caused Indians needless pain. Modi must accept moral responsibility for it
On November 9, 2016, when journalists approached me as the senior vice president of the All India Bank Officers’ Confederation for a comment regarding the demonetisation announcement by Prime Minister Narendra Modi the previous...
No country for young workers: How demonetisation has hurt a generation of Indians
The disruption that the demonetisation of high-value currency notes on November 8, 2016, caused to people’s lives, livelihoods and the Indian economy is still fresh in many people’s memories. The direct impact on the...
The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation
It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency notes. With hindsight, it’s clear that the high-decibel crusade supposedly aimed at unearthing black money and...
Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?
While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of...
No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start
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.
5 years later, it’s even more clear that demonetisation was a disaster for India
The demonetisation of high-denomination currency notes on November 8, 2016, created a nightmare for citizens that lasted several months. Long queues formed outside the banks and ATMs to obtain swap denotified currency notes for...
Reserve Bank of India or the Richmen Bank of India?
RBI has been losing credibility since demonetisation. Its subsequent efforts like not intervening when Bank charges were increased, proposing banking licences to corporates which RBI all along opposed on well found principles, allowing more...
Random Reflections- Demonetisation – The cruel joke on the People
After demonetisation on November 8, 2016, seeing the anger of the people, on Nov 13 PM Modi in an emotionally choked speech in Goa said “I have asked the country for just 50 days....
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