Had it not been for the groundswell of support by the people of India, we would not have seen such a huge exercise of demonetisation bounce off without a single riot or a single law and order issue.
Benefits of demonetisation need to percolate down to entrepreneurs and their enterprises, many of which are outside the ambit of formal economy.
Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.
Remonetisation has happened at a fast pace, and that was part of the plan that, subsequent to the withdrawal of the specified bank notes, our production plans and supply processes would ensure that the remonetisation happened as quickly as possible.
Demonetisation is going to result in long-term gains for the country.
Demonetisation was not a decision of UP government. It is the central government's decision.
Indian Prime Minister Narendra Modi turned the narrative around on demonetisation very quickly by promoting the move as one way of ending systemic corruption in the country.
Demonetisation was a defining moment in the government's war on corruption and black money.
Demonetisation was a big flop, and its outcome was negative. The government has done nothing to get back black money.
Demonetisation has boosted our efforts to build an honest society.
Mr. Modi is responsible for everyone's misery, demonetisation disaster, destruction of all democratic institutions. He is creating problems for everybody: for political leaders, for media, for corporates. He is not following any democratic values.
The IBC is a very deep reform. It is almost as deep a reform as GST or demonetisation. It changes the fundamental character of Indian business.
Though the demonetisation move should be welcomed, govt should have planned well in advance to ensure that no common man suffer.
Demonetisation was always on the government's radar and was part of the plan from day one when Narendra Modi took over as prime minister, as he was concerned about the black money.
