Demonetization Doesn’t Mean Change of Currency
Read the Cover Story ‘Demonetization Dividends for NaMo’ and would like to add that politically it may be a correct step in the interest of his party BJP, but from national perspective, I am not sure about any of the claims being made by the government or the opposition parties. I am not quite sure if what they meant is demonetize the old notes and introduce new notes instead. In the past demonetization has been thought off as a way of getting black money out of circulation. Because people then have to come and say “how do I have this ten crores in cash sitting in my safe” and they have to explain where they got the money from. It is often cited as a solution. Unfortunately, my sense is the clever find ways around it.