Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

End of Year Deal
Savings of RS 6,050 on Our
Small Cap Research?




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

The Demonetisation Debacle

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...