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November 10, 2016

Black Money, Corruption and Demonetisation

By Dr Martin Patrick* The demonetisation of currency[1] after a long period of 38 years was a welcome and bold step taken by the Government of India on November 8, 2016. The last demonetisation was implemented in 1978[2] by withdrawing […]
November 10, 2016

Understanding the Phasing Out of Higher Denomination Fiat Currency in India

The decision to phase out higher denomination currency notes in India is hailed by many as a bold move by the current Central Government. However, this moment should be considered as an opportunity to re-examine the inherent problems plaguing the […]