Page 3 - Demonetisation

Crisis and macroeconomic policy

The book is worth a read for all those interested in our economy - students or commentators of various tints - not least because most arguments are data-anchored but devoid of spite

The duality of India

The relative calm in southern states, while the north of the country sees frequent protests should be a cause for concern

Agnipath: Prime Minister Narendra Modi's 'Nike model' just doesn't do it

From land acquisition to GST to Agnipath, the Prime Minister seems to put outcome ahead of the process

Shock-proofing the economy: Quality jobs the best possible safety net

Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, writes T N Ninan

Demonetisation to now, black money in housing deals down 80%, says Anarock

In the pre-demonetisation period, new supply outstripped housing sales - whereas, in the post-demonetisation period, housing sales overtook new supply in the top 7 cities

We have become a less cash economy: Chidambaram's dig at Centre

Senior Congress leader P Chidambaram on Friday attacked the Modi government over demonetisation and raised questions over its goals, pointing to the 'rise' in cash in circulation. "Five years after the infamous demonetisation, what is the status of the lofty pronouncements of the Modi government," he asked on Twitter. "Mr (Narendra) Modi first said that we must become a cashless economy! Within days he realized it was an absurd goal. He modified the goal to a less-cash economy! At the time of demonetisation, cash in circulation was about 18 lakh crore. Today, it is 28.5 lakh crore!" he tweeted. "Thanks to high unemployment and inflation, the poor and the lower middle class earn less cash and spend less cash. We have indeed become a less cash economy! Three cheers!" the former finance minister said. Five years after demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless paymen

Lesson from note ban and pandemic: Keep a month's expense in cash at home

In addition, have an emergency fund equal to three-six months' expense parked in liquid fund, savings account and sweep-in fixed deposits

Noteban destroyed businesses, led to deaths in queues outside banks: Oppn

Opposition parties on Monday hit out at the ruling BJP on the fifth anniversary of demonetisation, saying the decision led to loss of life and destroyed businesses

Noteban will be marked among worst policy blunders: Jairam Ramesh

Demonetisation, which was announced on this day in 2016, will be marked in the world's economic history as among the "worst policy blunders", senior Congress leader Jairam Ramesh said on Monday

Five years after demonetisation, high value notes comprise 85.7% of total

The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years

We'll never know whether demonetisation was a disaster or a boon

In the end, it's clear that the note ban decision threw up only two clear winners: politically, the BJP and commercially, the digital economy

Five years after demonetisation: How much has Indian economy changed?

Five years after demonetisation, the share of high-denomination currency notes in the economy remains the same as it was in the pre-demonetisation period

Demonetisation, 5 years on: Key economic indicators paint a mixed picture

Today marks the fifth anniversary of demonetisation. How has the historic event impacted the economy? Let's take a look at how some of the indicators have progressed since the 2016 'note ban'

RBI asks banks not to destroy CCTV recordings of demonetisation period

Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice

ED files charge sheet in demonetisation case against Hyderabad dealers

ED has filed its final charge sheet against some Hyderabad-based jewellery and bullion dealers in a case where Rs 111 crore funds were allegedly laundered post the 2016 demonetisation

In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination

Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018

The coming long spell of demand drought

Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal

Demonetised currency notes worth Rs 48 mn seized in Tamil Nadu's Sivaganga

The police on Monday seized Rs 48 million in demonetised currency notes from Kalayarkoil area of Tamil Nadu's Sivaganga district

Mid- and small-caps may gain from broader recovery but won't come cheap

Take limited exposure to these stocks and opt for the fund route if you aren't adept at direct investing

Migration from cash-based economy to digital is a work in progress: RBI

Still a long road ahead, especially across Tier III-VI) and societal cross-sections (senior citizens, migrant workers), apex bank in booklet on Payment Systems