Supreme Court decision to uphold demonetisation on technical grounds will haunt the nation

SC judgment may embolden future governments to act without regard for institutional norms and not be held accountable for the outcome as long as the action is technically permissible...

One quarter of strong GST collections cannot be used to sing paeans to demonetisation

If demonetisation has indeed reduced black money and increased formalisation, why is it that as a nation we are still collecting the same share of taxes as we did a decade back?...

To call demonetisation a political success is not accurate

The notion that the note ban is an economic failure but a political success is a deeply flawed one...

Demonetisation’s economic impact: $15 bn in 3 sectors

One year and nearly four million Google search results later, the “great Indian demonetisation” of November 8, 2016, continues to be much discussed and debated...

Demonetisation: Manmohan Singh To Modi – Time For Politicking Over, Let’s Rebuild The Economy

The impact of demonetisation “on the weaker sections of our society and business is far more damaging than any economic indicator...

Demonetisation was the epitome of whimsical, illogical policymaking

RBI data reveals demonetisation was the epitome of whimsical, illogical policymaking...

RBI data reveals demonetisation was the epitome of whimsical, illogical policymaking

The government wanted demonetization to combat three problems. None of them seem to have been solved...

Urjit Patel: The Five-Year Twist

Five years ago, in January 2012, a 40-page research paper was published by the Brookings Institution on inflation in India and the role of the Reserve Bank of India in taming it...

Demonetisation for behavioural change

Throwing millions of lives in disarray to seemingly change their cash usage behaviour sounds primordial...