Monday 27 March 2017

The demonetisation debate 2016



Nobody will forget the historic announcement Prime Minister Narendra Modi made to the nation on 8 November 2016 at 8:00 PM. During the subsequent hours thereafter, many including myself were overjoyed after hearing the news. Modi critics were speechless. Rupees 500 and Rupees 1000 notes were no longer legal tender. After the initial joy, the news turned into worst nightmare for many, common people who were caught in the crossfire in the battle against black money. After few days as chaos grew and RBI started changing rules day by day, one thing was clear. Everyone was divided into two groups, you either loved it or hated it, nobody could simply ignore it.