It's Not Just About Demonetisation of 500 and 1000 Bank Notes

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The harassment of the common citizen – particularly from the ranks of the urban and rural poor-through denial of access to income, savings and livelihood will not be forgotten anytime soon.

By Satya Sagar – JUST International-Movement for a Just World

The abrupt demonetisation of 500 and 1000 rupee notes by the Narendra Modi regime is a drastic move that is staggering in its scale, ambition and repercussions. The only other figures in modern history one can think of, devious or stupid enough to attempt something similar, are the likes of Marcos, Suharto, Idi Amin and Pol Pot.

For all its audacity however, the decision could go down also as the grandest of blunders made by anyone in Indian political history. Poorly planned and implemented it is likely to prove disastrous not only for the country’s economy but – ironically enough – for the BJP’s own electoral fortunes.

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Vol. 12 - No. 1 - 2


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