Demonetisation and 2017

Photo: GNANAMCLICKS
Man stocking ten rupee notes of the Indian currency following demonitisation of INR 500 and 1000 notes.

Abstract: Demonetisation is a double edged process. At one stroke, tax evaders and other scrupulous people were dealt with a lethal blow. However, the gains would be fully realised only when faith in currency is restored through various supportive steps.

Author is the Chancellor of Central University of Gujarat.yalagh@gmail.com