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Two years after demonetisation, crisis in rural India

Wednesday, November 7, 2018, 11:06 AM

Two years after demonetisation was announced, rendering 86% of currency in the system invalid, the big impact seems to have been on rural India in two-ways one, the relative erosion of rural agricultural wages; and two, the fall in bargaining power of farmers in receiving an attractive price for their produce. Both may have contributed to the crisis in many parts of rural India.
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Demonetisation Impact: Just 1.5L tax returns vs 23.5L notices sent

Tuesday, October 23, 2018, 3:13 PM

Twenty one months after the launch of Operation Clean Money (OCM) to find out how much of the demonetised currency that returned to the banking system during the November 9-December 2016 window is tax-compliant, the government says it doesnt have centralised information as yet on prosecutions launched against persons identified for suspicious cash deposits.

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