Posts

Showing posts from December, 2016

Demonetization Follow Up

Yesterday, the PM addressed the nation on the issue of demonetization and its impact on the general populace. It was a damage control exercise with two objectives. First was to acknowledge the hardships that everyone went through during this exercise, thereby mollifying rising impatience. The second was to outline a roadmap for what the govt aims to get done in the next year. The points raised in the talk came as no surprise.

In fact, as we had noted in an earlier blog - (here) - the main target of demonetization hasn't been black money itself. While the bank deposit wind fall has been accepted with due gratitude by the government, the main targets were Fake currency rackets, terrorism and naxalism. One facet that we had not thought of, but turned to be a blessing was the almost complete crackdown on human trafficking. One would also imagine narcotics business to have taken a big hit. Each of these problems have enormous prevalence in various border states. On the whole, it has b…