india demonetization

  1. Think Twice About Going Cashless

    Think Twice About Going Cashless
    No one's talking about the real motivations behind demonetization. Even now, after the chaos caused by India's decision last November to eliminate nearly 90 percent of its banknotes, few people would argue with the policy's underlying assumption: Going cashless is, if handled well, a good thing. Yet the fact is, most arguments in favor of demonetization don't stand up to scrutiny. And...
  2. "Out of Cash" - More Than 90% Of India ATMs Run Dry

    "Out of Cash" - More Than 90% Of India ATMs Run Dry
    Five months have passed since the demonetisation drive, but the people of India continue to face a shortage of cash in banks and ATMs. The Times of India reports that more than 90% of the ATMs in the northern region do not have cash, and in the southern states as many as 65% of ATMs have run dry.  Speaking to TOI, State Bank of...
  3. The Unnatural Nature of Fiat Money

    The Unnatural Nature of Fiat Money
    Imagine if you are doing this experiment; walk along the mall’s corridor while holding a packet of rice and approach the first shop assistant you see. Take out a piece of RM10 from your wallet and ask him or her which one is money; the rice or the RM10 note? Most of the time there is a good chance that...

3 Item(s)