Demonetisation and Black Money

By: C. Rammanohar Reddy

Price: $9.35

Quantity: 500 available

Book Condition: New


About the Book On 8 November 2016, India took the dramatic and unprecedented step of demonetising its high denomination Rs 500 and Rs 1000 currency notes, to ‘fight black money, eliminate counterfeit notes and stop terror funding’. The decision prompted fierce and widespread debate. While proponents and opponents have argued on specific aspects of the policy, a holistic view has been absent from the debate. What was the rationale of demonetisation? Did it stamp out black money and terror funding as promised? Were there options that could have avoided causing immense hardship to countless Indians? This book—with a 2018 Afterword by the author—is written for every Indian: from the policymaker who wishes to understand the lessons to be learnt from this exercise, to the analyst who wishes to grasp its whys and wherefores, to the ordinary citizen who, bewildered by the turn of events, wants to know if Demonetisation 2016 has helped India in any way. It also explores the drive towards digitalisation of payments which, post-demonetisation, has emerged as a key government agenda. Table of Contents List of Tables List of Abbreviations Foreword by Y. V. Reddy Preface Acknowledgements Demonetisation 2016: An Unfolding Story Section I — one — Black Money and the Black Economy — two — Size of the Black Economy in India — three — Size of the Shadow Economy in the World — four — Indian and Global Experiences with Demonetisation Section II — five — Action on Black Money — six — Demonetisation 2016: Context and Options Appendix: Estimate of Counterfeit Currency — seven — Demonetisation 2016: Design and Implementation Appendix: Growth of High Denomination Notes — eight — Promotion of a ‘Less-Cash’ Economy Section III — nine — Distress and Despair — ten — Black Money and Politics Section IV — eleven — Cash, Money and Liquidity — twelve — Impact on the Banking System — thirteen — Impact on the Reserve Bank of India Appendix: On the RBI — fourteen — Demonetisation, Black Money and Gold What Next? Afterword Bibliography Annexures I. Speech of the Prime Minister, 8 November 2016 II. Gazette Notification on Demonetisation III. Speech of Dr. Manmohan Singh in the Rajya Sabha IV. Extract from 2012 White Paper Index. Printed Pages: 288

Title: Demonetisation and Black Money

Author Name: C. Rammanohar Reddy

Categories: Economics, India,

Publisher: New Delhi, Orient BlackSwan Pvt. Ltd: 2019

ISBN: 9789352875801

Binding: Softcover

Book Condition: New

Seller ID: 1203105

Keywords: Demonetisation and Black Money C. Rammanohar Reddy