Demonetisation pros and cons

Prime Minister Narendra Modi had said in his address to the nation on 8 November 2016 that the demonetisation decision was an attack on the scourge of black money. Illustration: Bloomberg/Mint

The lessons of demonetisation

4 min read . 31 Aug 2017
RBI’s dividend payout to the government has fallen to Rs30,659 crore for 2016-17 (July-June), less than half of the Rs65,876 crore it had transferred in the previous year. Photo: Bloomberg