DEMONETIZATION: IS MODI’S MOVE ON THE MONEY?

by Srishti Dutta Chowdhury

India’s Prime Minister, Narendra Modi, announced the demonetization of 500 and 1000 rupee notes in the country from after midnight of 9th November, a surprising move that has left billions scrambling to exchange bigger denominations to legal notes. What are some of the possible reasons and effects of such an announcement?Continue Reading