Black And White Economy Paper War Misses Shades Of Grey
NDA government and Congress report cards on economy skip uncomfortable truths. Both are aimed at scoring points ahead of general elections.
demonetisation
March 2024
November 2023
June 2023
May 2023
March 2023
January 2023
On 7th anniversary of demonetisation, Congress reminds its futility
RBI withdrew ₹2,000 notes, due to it being faked and counterfeited in high numbers, says Congress leader Jairam Ramesh.
Are top banks getting their economics wrong?
A mere statement from the RBI assuring that “robust systems” exist isn’t enough
Cash withdrawals at ATMs rise 235% since demonetisation
Cash withdrawal using debit cards at ATMs stood at ₹2.86 lakh crore in March 2023.
₹2,000 note withdrawal to enhance liquidity, support deposit growth
Experts say the withdrawal of ₹2,000 notes is likely to slow currency leakage temporarily
₹2,000 note can be exchanged for other notes up to ₹20,000 at a time: RBI
The banknotes in ₹2,000 denomination will continue to be legal tender, says RBI
Currency in circulation rises to ₹31.33 lakh cr from ₹13 lakh cr in 2014: Govt
The increase in currency was seen despite the Modi govt’s demonetisation drive in 2016, which was implemented to reduce the amount of relative cash in circulation in the country.
Budget 2023: Currency with public grew least in FY22
Currency with the public has risen by around ₹1.4 lakh crore since demonetisation
Why demonetisation verdict raises more questions than answers
By not questioning Centre’s contrarian economic wisdom, RBI’s acquiescence and its own delay of 6 years to decide the writs, the court has failed to bring checks and balances and prevent recurrence.
Supreme Court upholds demonetisation; dissenting judge calls it 'unlawful'
It was "not relevant" whether the objective of the overnight ban was achieved, the majority judgment says.
