The Demonetisation Debacle

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The Demonetisation Debacle

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On 8 November 2016, in a late-night broadcast to the nation, prime minister Narendra Modi announced that notes of Rs 500 and Rs 1,000, were being demonetised.

This radical move was being taken to tackle the menace of counterfeit notes as well as black money. Like most Big Government ideas, this idea also had its heart in the right place. The point is, which honest citizen wouldn't want the government to tackle counterfeit money which was feeding terrorism in India and black money which had been accumulated over the years.

But as usual the government botched up on the implementation. In a big way.

Here's Vivek Kaul on how the entire demonetisation drive unfolded...or should we say failed...


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