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Showing posts from December, 2016

DEMONATISATION AND THE WAY AHEAD

   Curtains are about to draw on Demonetisation  exercise, though remonetisation will still need considerable time to be completed. In my opinion, while demonetization  was a good idea, it could have been planned and implemented better. The objectives set to be achieved with demonetisation  were u topian . The only achievable objective of this exercise should have been elimination of fake currency and may be instil  fear in the minds of corrupt. It was possible to eliminate counterfeit currency in the denomination of five hundred and thousand rupees, in case the currency was exchanged with due deliberation and counter checking at all levels. However, the demonetised  currency has been deposited in the banks in a rush, as also possibly in a hush-hush manner, especially where it has been deposited and exchanged by banks via backdoor  as being reported all over the media. There is a possibility that counterfeit currency may also have been exchang...