Deposits were nearly five times as large as withdrawals over 10 days to November 18, 2016, after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000…
More than a week into demonetisation, the queues outside banks continue with no immediate end in sight. How quickly can the Reserve Bank of India print currency? Is this exercise…
The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers—about 482 million people who earn cash incomes—and disrupt India’s consumption patterns for at least…
Datum 1: Bank branches increased at 5% per year, but automated teller machines (ATMs), debit cards and card-swiping machines have doubled in four years and online transactions have grown…
On this week’s DataFix with IndiaSpend, we discuss the effects of demonetisation of Rs 500 and Rs 1,000 notes. Will the move lead to a reduction of black money? Which…
Rs 14 lakh crore–or $217 billion, 86% of the value of Indian currency currently in circulation–will become useless from midnight of November 8, 2016, part of the government’s crackdown…
