By Jayati Ghosh,C. P. Chandrasekhar,Prabhat Patnaik
On the evening of eight November 2016, at 8:15 pm, India’s major Minister, Narendra Modi, introduced in a televised broadcast to the kingdom that with impact from nighttime, foreign money notes of denominations Rs 500 and Rs 1,000 could not be felony smooth. in a single stroke, this concerned the de-recognition of over 86 in keeping with cent of the worth of Indian forex in flow with in simple terms 4 hours’ notice.
This vital publication presents a short and concise rationalization of the pursuits, implications, preliminary results and the political economic climate of this significant demonetisation flow through the govt. of India. It clarifies key ideas and provides astute fiscal research to lead the reader during the numerous claims, arguments and evaluations which have been made; highlights the complexities of the approaches which were unleashed; and examines the most probably results within the long-term in addition to those who are instantly evident.
Timely and lucid, this booklet will curiosity scholars and researchers within the fields of economics, finance, administration, legislation, politics and governance in addition to coverage makers, legislators, civil society activists and the media.
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