A drastic decline in residents’ employment opportunities and incomes since the note ban has added to the existing woes of hunger, malnutrition, poor sanitation and drainage congestion.
Either parliament has been misled by the government or claims about the supply of new currency by the RBI are flawed.
Now petrol, railway tickets and insurance policies of public sector companies will cost less if bought through debit/credit cards or other digital modes.
Not only are villagers unable to access timely medical care because of the lack of cash, nutrition levels are falling, making people more vulnerable to illness.
A look back at how demonetisation has affected everyday lives and the country’s economy since it was enforced.
In the region marked by class and caste inequalities, where a cashless economy is a distant dream, there is some doubtful support for Modi’s move, but mostly concrete hostility.
By first limiting and now disallowing the exchanging of old notes for new ones, the state is violating the right to property of those without bank accounts.
A daily round-up on the human impact of demonetisation.
Everything from the list of exempt transactions to exchange and withdrawal limits has been tweaked at least four times, all to address entirely foreseeable problems.
The Wire spoke to migrant workers at the Old Delhi railway station before they left the city to understand the problems they have been facing.
For villagers in Kanchipuram and Thiruvallur, particularly the poor, the trashing of high-value banknotes is another hardship among many that they have to face.
Shome Basu captures the endless wait of numerous citizens as they queue outside banks and ATMs to withdraw money after the government decided to demonetise Rs 500 and Rs 1000 notes.
The latest decision comes after the finance ministry announced on Sunday changes to the previously set limits on exchanging the demonetised currency, and on withdrawals from banks and ATMs.
The spectacle of ‘fixing’ India’s illegal economy is not only harming common citizens but also turning small investors away from financial markets.
A series of articles that analyse what happened, the reasons behind it, its effects and what to expect next.
In conversation with economist Prabhat Patnaik on the government’s decision to demonetise Rs 500 and Rs 1000 notes.
For the poor or those living in the hinterland, the announcement that Rs 500 and Rs 1000 notes will no longer be legal tender has meant fear, panic and immense hassles.
Was the November 11th target for re-opening of ATMs unreasonable? Long-term neglect and quality-of-service issues aren’t helping either.
While farmers and informal sector workers suffer, the move to demonetise Rs 500 and Rs 1000 notes will have little impact on black market offenders.
Nitish Kumar said the move would be beneficial in the long run, but others like Mamata Banerjee, Sitaram Yechury and Thomas Isaac were critical of it.
The Centre is effectively saying it wants a cashless economy for the millions who survive in an honest cash economy. The dishonest cash economy controlled by big business is allowed to continue and thrive.
While Bhutan has set a deadline for people to exchange their demonitised notes for smaller denominations, Nepal has banned all transactions in INR.
The Wire spoke to experts in the field on whether or not they thought this was good idea, whether it was a useful move in curbing black money and what other possible impacts it could have.
Aimed at combating corruption and black money, this move will also cause a lot of short-term pain and chaos for the working class, small businesses and anybody who deals with cash on a daily basis.