Discussion Demonetisation of old Rs. 500 and Rs. 1000 currency notes

[Raja]

Bring it on.
What more you expect!

 

[HOUSE-MD]

Amit Shah Ran Massive Racket of Exchanging Demonetised Notes for 35-40% Commission?

Multiple sting tapes suggest that Shah led a team of officials of various govt departments to run the illegal exchange.

Nothing else suggests over 99.3 % demonetised notes returning back to bank. Who knows, this might make news headlines for a long time in future if they fail to win.

 

[Bapun]

Exclusive: Ramdev Turns On Modi, Says Note Ban Rs 3-5 Lakh Cr Scam

 

[iDJ]

The Narendra Modi government's demonetisation move, which turned around 86 per cent of cash in circulation illegal tender overnight on November 8, 2016, led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban, a new study has found. The study shows that Indian districts that experienced more "severe demonetisation shocks" had much larger contractions in ATM withdrawals, and highlights its effects on the Indian economy. It also talks about the rise of alternative forms of payment options, including mobile wallets, after demonetisation.

Harvard, IMF researchers assess damage due to demonetisation, claim 3% drop in economic activity

 

[Ashok L]

The Narendra Modi government's demonetisation move, which turned around 86 per cent of cash in circulation illegal tender overnight on November 8, 2016, led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban, a new study has found. The study shows that Indian districts that experienced more "severe demonetisation shocks" had much larger contractions in ATM withdrawals, and highlights its effects on the Indian economy. It also talks about the rise of alternative forms of payment options, including mobile wallets, after demonetisation.

Harvard, IMF researchers assess damage due to demonetisation, claim 3% drop in economic activity

Anti-Indian

 

[Maxgoback]

Anti-Indian

 

[iDJ]

Anti-Indian

Yes. I am conspiracing to wreck your economy. Now ask your government to stop investing in self congratulatory projects.

 

[Ashok L]

Yes. I am conspiracing to wreck your economy. Now ask your government to stop investing in self congratulatory projects.

Bro I am too Anti-Indian like you...

 

[iDJ]

Failure, utter failure. I saw two demonetisation. One was from youtube. The other one is from government. Content creator in youtube has got careful making that demonetisation successful. Coronavirus is at rise. I fear community transmission from currency. Meanwhile most of the shops here still doesn't take online payments. What digitalization benchmark did government achieve?

 

[iDJ]

Failure, utter failure. I saw two demonetisation. One was from youtube. The other one is from government. Content creator in youtube has got careful making that demonetisation successful. Coronavirus is at rise. I fear community transmission from currency. Meanwhile most of the shops here still doesn't take online payments. What digitalization benchmark did government achieve?

https://twitter.com/x/status/1284345150865469443

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