Skip to main content

Posts

Showing posts from January, 2023

Demonetisation - The End

  Almost 7 years later after the historic decision on Demonetisation was taken the Supreme Court finally ruled by a 4-1 majority that they have no say in the matter. The dissenting judge was of the opinion that it should have been a law passed by parliament rather than the way it was done. Lest I be hauled up for contempt of court, the ONLY comment I make is - next time India decides to wage a war or some such thing maybe we debate that in parliament first or if the cops want to raid a place where terrorists are hiding they need to give advance notice like a tender or something. Fascinated, I have written a few blogs on this subject which are given below as a link. Demonetisation - 11th Sept 2017 Demonetisation - 28th Nov2016 Anyway, that aside, this is NOT about discussing the merits or demerits of the decision, the usefulness or otherwise but some thoughts on the event. https://www.thehindu.com/business/Economy/currency-in-circulation-rises-by-83-since-demonetisation-in-2016/arti...