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Black Money, Corruption and Demonetisation

Author

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  • Martin Patrick

Abstract

The demonetisation of currency after a long period of 38 years was a welcome and bold step taken by the Government of India on November 8, 2016. The last demonetisation was implemented in 1978 by withdrawing Rs 1000, Rs 5000, and Rs 10,000 notes that were in circulation. Every reform will have its merits and demerits. The question is whether the merits outweigh the demerits. A careful analysis is required to answer the question.

Suggested Citation

  • Martin Patrick, 2016. "Black Money, Corruption and Demonetisation," Working Papers id:11471, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:11471
    Note: Current Affairs
    as

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