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Shifting narrative on the rupee demonetisation

With the measure's unintended consequences, Modi seems to suggest now that its main aim was to move towards a digital or cashless society.

One of the possible mistakes that the Modi government made in the process was to introduce a larger currency denomination of 2,000 rupees.

ALL eyes were on the outcome of the fifth bi-monthly policy review of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) for some clarity regarding the macroeconomic impact of the demonetisation exercise in India that was initiated on Nov 8.

With the unanimous consent of...

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