Demonetisation Benefits-on-economy

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Demonetisation Benefits-on-economy - Total results - 9
Demonetisation anniversary: India is ready to accept change is evident in fast adoption of digital payments, say experts
Business

Demonetisation anniversary: India is ready to accept change is evident in fast adoption of digital payments, say experts

Demonetization strengthened the Digital India initiative launched by Prime Minister Modi and brought more transparency in the system.

Demonetisation anniversary: Better implementation could have minimised people's suffering
Business

Demonetisation anniversary: Better implementation could have minimised people's suffering

tax evaders had managed to legalize their unaccounted money using mules and proxies to make deposits, made high-value purchases using back-dated bills and colluded with bank officials to exchange old currency.

Currency back in circulation at 91%, digital payments up but fluctuating; cashless economy a long way off
Business

Currency back in circulation at 91%, digital payments up but fluctuating; cashless economy a long way off

The number and value of digital payments has increased compared with the pre-demonetisation level, but by varying extents each month.

Demonetisation anniversary: Ban on Rs 500, Rs 1,000 jolted status quo, created new templates for financial conduct
Business

Demonetisation anniversary: Ban on Rs 500, Rs 1,000 jolted status quo, created new templates for financial conduct

Digitization is again a long process, but the behaviour change of not using cash as default could only be driven by a shock like demonetisation.

Demonetisation anniversary: Why nobody is entirely right on note ban benefits and why debate will never end
Business

Demonetisation anniversary: Why nobody is entirely right on note ban benefits and why debate will never end

The debate about whether demonetisation was good or bad will never end because positions taken on it have less to do with economics/ facts/ logic and more to do with whether one idolises or demonises Narendra Modi

What happened in first 2 months of note ban alone was an unforgivable catastrophe: Jean Dreze
Business

What happened in first 2 months of note ban alone was an unforgivable catastrophe: Jean Dreze

Prime Minister Narendra seems to have really believed in the myth that black money is a gigantic hoard of cash, waiting to be raided, says Jean Dreze

Demonetisation-hit small, medium firms were limping back when GST added to the pain, say companies
Business

Demonetisation-hit small, medium firms were limping back when GST added to the pain, say companies

Demonetisation has been blamed for an adverse impact on the economy in the short run, as its "benefits are yet to overtake" the costs, Ernst & Young said in a report

Demonetisation's negative impact on economy is not done yet, it will continue; be warned
Business

Demonetisation's negative impact on economy is not done yet, it will continue; be warned

Even an increase is govt spending is unlikely to boost GDP. There seems to be no end in sight yet for the demonetisation-induced pain

One year of demonetisation: Narendra Modi tried to do an Indira Gandhi but ended up being another Morarji Desai
Business

One year of demonetisation: Narendra Modi tried to do an Indira Gandhi but ended up being another Morarji Desai

Indira Gandhi could make bank nationalisation the biggest plank of her Garibi Hatao slogan. But Narendra Modi failed to replicate it with demonetisation