Demonetisation

DeMonetisation and Digital Payments

DeMonetisation did not promote the uptake of digital transactions Driving India towards a less-cash, digital payments economy was one of the aims claimed by the Prime Minister when he invalidated 86% of India’s circulating currency. The reasoning was that India was a largely cash-based economy; if circulating cash was reduced, people would rapidly move towards …

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rbi-circular-notes-exchange

An opportunity for political opposition of #demonetisation

Political parties in India are not required to account for small cash donations. This has been used to do much evil in India. Political parties should consider exchanging the troublesome notes for citizens as donations received and returned (for whatever reason, including “demonetisation”) and get the notes exchanged in bulk at the RBI (or deposited into …

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