One year of Note Ban: Flip-flops in the demonetisation story
When Prime Minister Narendra Modi announced his government's decision to revoke legal tender status of the currency notes of Rs 500 and Rs 1,000 denominations on November 8 last year, the stated objective was a crackdown on unaccounted wealth, or black money. However, as time went by, we saw the PM and other representatives of the government coming up with several aims and rationale for note ban -- from curbing counterfeiting of currency to stemming terror financing, even a push towards less-cash society. A year later, Business Standard takes a look at the many twists and turns in the story
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