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Demonetization & Black Economy
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Demonetization &  Black Economy

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Demonetization & Black Economy

Arun Kumar

Published by Portfolio | Language - English | Binding - Hard Bound

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About the Book: Demonetization and Black Economy

'To break the grip of corruption and black money, we have decided that 500 rupee and 1, 000 rupee currency notes presently in use will no longer be legal from midnight tonight, that is 8th November 2016-Narendra Modi The prime minister of the country said this in a speech addressed to the nation. In one stroke, he wiped out the 86 per cent of the currency in circulation. His argument? It will help the nation fight corruption, black money, fake notes and terrorism. One year has passed since then. What actually happened since then? Did we make a dent in black money, fake notes, corruption and terrorism? Was the RBI on board with this decision? Did the PM have the powers to politically and legally take this decision himself? How did it effect the Indian economy? Did we suffer only for a few months or will we face the consequences for the next ten years? How will the life of an ordinary Indian change because of this? Demonetization and Black Economy gives a blow-by-blow account of what happened and what were its The book is a no-holds-barred look into what happens to a nation when its own government devalues its currency. Also find out what were the social, political and economic costs to the nation. This is a hardhitting look at demonetization, and why it could be one of the worst mistakes made by an Indian government with serious social, political and economic consequences.

About the Author: Arun Kumar

Arun Kumar is the countrys leading authority on black economy. He has written, studied and lectured extensively on this subject for nearly four decades. His focus areas include public finance, development economics, public policy and macroeconomics. He has published widely in these areas, both in the popular press and academic journals.


Book: Demonetization & Black Economy
ISBN-13: 9780670090075
Product Code EBK0409328
Binding: Hard Bound
Publishing Date: 2017-11
Publisher: Portfolio
Number of Pages: 240
Language: English

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