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02 Sep Demonetisation: Success, Failures and Lessons learnt

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The Reserve Bank of India (RBI) has released numbers that show how most of the currency notes that were cancelled were deposited in banks. Now that we know that 99% of demonetised money has come back, the government’s estimates of how much black money would...

24 Aug Types And Causes of Black Economy-Explained

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Introduction A black economy is also known as an underground economy, hidden economy, illegal economy and shadow economy.In black economy is an economy which involves the illegal transaction or some form of irregular activities against the set of rules.If the rules specify that if the sale...

14 Aug Long-termbenefitsandShort- term costs of Demonetization: An Update

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1.77 The Economic Survey 2016-17, Volume I had discussed the potential consequences of demonetization, mostly in theoretical terms because data available at the time was limited. Six months on, there is more data to add to the discussion. The discussion is organized around a few indicators that...