Demonetisation

vegetable vendor carts manvelpada virar maharashtra india
Demonetisation
National

Why our area doesn’t seem to be going cashless

Over the last few days, I’ve had many discussions with various people about going cashless. So far, I haven’t met anyone who applied for internet access if they didn’t already have or installed a payment app if they didn’t already have, contrary to reports in media (which may possibly be largely limited to the metros). […]

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Going cashless or recapitalizing banks
Demonetisation
National

Here is how the #demonetisation is a forced, public funded bailout of banks

As soon as the demonetisation of Rs.500 and Rs.1000 notes was announced, I had said that it was a forced and public funded “bailout” of banks. This article examines news reports from the last year and explains how I arrived at the conclusion.

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rbi-circular-notes-exchange
Demonetisation
Politics & Political Commentary

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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Demonetisation
General

Problems with the tall claims made about demonetisation

There is an abundance of claims by the government both about the virtues of demonetisation as well as the duration of the “inconvenience” people have to go through. Here is my attempt to debunk some of them. To begin with, there is a slight problem. The objectives of the demonetisation have not been officially and explicitly […]

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Demonetisation
National

Demonetisation compilation: some areas of impact of demonetisation

What follows is a compilation of excerpts from various articles describing the impact of demonetisation. Demonetisation effect: Cash crunch hits transport business hard The demonetisation exercise has put the trucking business, one of the largest unorganised, cash-based sectors in the country, in great difficulty. Operators say their truck transport business has been badly hit by […]

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