| Log in

Has Narendra Modi’s bid to rid India of black money failed?

10 January, 2017

On 8 November last year, when India demonetised currency notes of Rs 500 and Rs 1,000, the government had hoped that as much as Rs 3 lakh crore, or a fifth of the money being sucked out, will not return to the banking system. But reports now suggest that most of the money has come back into the system. So, has demonetisation completely failed in its primary objective?

Like this video? Sign up for our daily newsletter to get our top reports & videos.


Leave Your Comment
Demonetisation: Just how much black money did Indians manage to launder?

Demonetisation: Just how much black money did Indians manage to launder?

Aman Malik 11 months ago
When Prime Minister Narendra Modi announced on the evening of 8 November last...
​Demonetisation: Five reasons it’s turning out to be bad economics

​Demonetisation: Five reasons it’s turning out to be bad economics

Aman Malik 12 months ago
It has been three weeks since Prime Minister Narendra Modi announced his...
Demonetisation: Four positive side effects of PM Modi’s note ban

Demonetisation: Four positive side effects of PM Modi’s note ban

Aman Malik 11 months ago
On 8 November, Prime Minister Narendra Modi shocked the country by declaring...
No Comments

Has Narendra Modi’s bid to rid India of black money failed?

Powered by WordPress.com VIP