SC judgment may embolden future governments to act without regard for institutional norms and not be held accountable for the outcome as long as the action is technically permissible.
If demonetisation has indeed reduced black money and increased formalisation, why is it that as a nation we are still collecting the same share of taxes as we did a decade back?
The notion that the note ban is an economic failure but a political success is a deeply flawed one
One year and nearly four million Google search results later, the “great Indian demonetisation” of November 8, 2016, continues to be much discussed and debated.
The impact of demonetisation “on the weaker sections of our society and business is far more damaging than any economic indicator…