gfiles magazine

December 17, 2016

Dissecting ‘Demonetisation’

Demonetisation is not the end but the beginning of a ‘long, deep and constant’ battle against black money and corruption and will benefit the poor and the common man.” This is what Prime Minister Narendra Modi told his Parliamentary party colleagues soon after pulling 86 per cent of cash out of circulation through this draconian measure putting India’s labourers, small-traders and farmers to immense misery resulting in over 100 deaths so far. The loyalists hailed it and passed a resolution endorsing his “great crusade!”Let us take a reality check on the state-of-our-nation.


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