India’s monumental failure: Demonetisation

Demonetisation per se, as per recent economic statistics, has turned out to be a regressive step. As most of the observers seem to agree, it was a failure in relative to the costs it imposed on the country and its people. The whataboutery of the government as to what this regressive step might manage to achieve in the future remains a distinct possibility, something that … Continue reading India’s monumental failure: Demonetisation

The difference between a cashless economy and a cashless- enabled economy

In the month of November 2016, the demonetization of Rs. 1000 and Rs. 500 currency notes in India led common men through troubled times. In the wake of opposition and rising voices of dissent, the government changed its stance from citing black money as a reason to aiming for a cashless society. But the vision’ of people effortlessly swiping away on their smartphones to make … Continue reading The difference between a cashless economy and a cashless- enabled economy