5 years after demonetisation Archives - Centre for Financial Accountability

Demonetisation has given rise to a state unanswerable to citizens

After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen n...

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The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation

It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency no...

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Article

Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?

While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing hi...

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Article

No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start

Was demonetisation a good idea, badly implemented? I have heard this from the supporters of the regime but, to my surpr...

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Article

5 years later, it’s even more clear that demonetisation was a disaster for India

The demonetisation of high-denomination currency notes on November 8, 2016, created a nightmare for citizens that laste...

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December 3, 2021

Atul Sood

Demonetisation has given rise to a state unanswerable to citizens

After demonetisation in November 2016, a new relationship between the citizen and state has emerged where the citizen no longer has any power to hold the state to account. After five years of demonetisation, the presence of the Indian state in the everyday lives of citizens is visible even more cle...

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November 15, 2021

Satyaki Roy

The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation

It has been five years since demonetisation, the surgical strike on November 8, 2016, on India’s high-value currency notes. With hindsight, it’s clear that the high-decibel crusade supposedly aimed at unearthing black money and suffocating terrorist funding ended with a whimper. Instead of the redi...

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November 15, 2021

T R Bhat

Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?

While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of India as the principal regulator of money supply in India. In unde...

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November 15, 2021

Rohit Azad

No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start

Was demonetisation a good idea, badly implemented? I have heard this from the supporters of the regime but, to my surprise, even friends who are otherwise critical believe this to be true. The government’s stated aim for denotifying high-value currency notes with a four-hour deadline on November 8,...

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November 15, 2021

Arun Kumar

5 years later, it’s even more clear that demonetisation was a disaster for India

The demonetisation of high-denomination currency notes on November 8, 2016, created a nightmare for citizens that lasted several months. Long queues formed outside the banks and ATMs to obtain swap denotified currency notes for new ones so that life could continue. This situation persisted even bey...

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5 years after demonetisation

Demonetisation has given rise to a state unanswerable to citizens

The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation

Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?

No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start

5 years later, it’s even more clear that demonetisation was a disaster for India

Demonetisation has given rise to a state unanswerable to citizens

The spectacle of organised ignorance: Why Indians have chosen to forget the horror of demonetisation

Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this?

No, demonetisation wasn’t a good idea, badly executed – it was a ridiculous idea from the start

5 years later, it’s even more clear that demonetisation was a disaster for India