India's demonetisation conundrum
Source: Asia Insurance Review | Jan 2017
The Indian government’s decision in November to demonetise currency notes of 500 and 1,000 denominations has caused huge disruption to businesses and trade across the country. The move has resulted in numerous deaths and also affected livelihood of millions of farmers and daily wage earners. Many are calling for a rollback but the government is firm in its stand which it says will eradicate fake notes, curb black money and eliminate corruption.
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