Cash Economy

Demonetisation: A painful shift in rural economy, but all could be well by January

The farmers prefer to receive cash and while some do take in cheques there is a sense of doubt if the counter party is unknown

Modi is crimping the black economy; but this is also delaying economic revival

The problem with regarding black money as pure evil is that it ignores the real role it plays in the economy. A shrinking of the cash (black money) economy has short-term negative implications for GDP growth, which may need a more robust investment plan from the centre