demonetisation

Grape season in peril in Nashik due to demonetisation

End of January marks the grape harvest season around Nashik. After falling prices after demonetisation led farmers to slash down standing tomato crops last month to make way for emergency sowing of wheat to eat, hope had rested on the grape crop coming up. However for all the reports in media about farmers adopting cashless …

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Going cashless or recapitalizing banks

A reckless war on cash – the real goal of #DeMonetisation

It isn’t just in India, that people are being forced to put money into banks. Banks worldwide are in trouble. Banks worldwide are needing bailouts. Demonetisation of notes is being considered as well as put into action in country after country – Europe (plan to not make 500 Euros post 2018), Venezuela (got reversed after …

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Why black money was never the real goal of #demonetisation

As per Arun Jaitley, the demonetised cash in circulation on the 8th of November was 15.4 lakh crores. The population of India is over 120 crores. (been six years since the census, but we go with this lower number). This averages to 12,833 thousand rupees per Indian. It may seem a lot, but the money …

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