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Books > Business & Economics > Finance & accounting > Finance > Banking
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Note-Bandi - Demonetisation and India's Elusive Chase for Black Money (Hardcover)
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Note-Bandi - Demonetisation and India's Elusive Chase for Black Money (Hardcover)
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The demonetisation of November 2016 goes down in history as the day
of an intensely debated economic policy intervention of the Indian
state. With abolition of the legal tender status of Rs 500 and Rs
1000 notes, about 86 per cent of the currency in circulation stood
withdrawn from the economy. The purpose, according to the
government, was to stamp out counterfeit currency, unearth black
money, and usher in a less-cash economy. One of the most detailed
analysis of demonetisation so far, the book takes on board a large
gamut of issues into consideration taking into account data for a
larger period of time i.e. till September 2017. The book reviews
impact of the demonetisation policy intervention on different
spheres of the economy and critically examines each of the major
claims of put forth by the government vis-a-vis demonetisation.
Through selections from the Economic and Political Weekly, it
presents a journey through the Indian black money debate, placing
the two demonetisations of 1978 and 2016 within the framework of
black money and tax evasion in India over the last six decades
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