Black hole of silence on demonetization
Two years on, why do we still not ask about the people and economic activities that were severely disrupted by this 'surgical strike'?
There is one “surgical strike" from two years ago that will not be celebrated this year: the 8 November 2016 demonetization of ₹ 500 and ₹ 1,000 currency notes. Two years on, the economy and its institutions continue to experience the negative after-effects of the processes and the events surrounding demonetization. For instance, the central government is now brazenly able to put pressure on the Reserve Bank of India (RBI) and its governor, Urjit Patel, to hand over its surpluses only because two years ago the same RBI under the same governor did not demur on the demonetization of 2016.