Author: Waled Aadnan

Waled Aadnan is an alumnus of Presidency College, Calcutta, currently doing the 10-to-8 corporate routine.
November 17, 2016 /

Demonetisation has placed disproportionate stress on exactly those who are least likely to be source of the problems the move aims to tackle. The ones least likely to hold black money, be involved in financing terrorists or printing fake currency are the hardest hit. Being part of an entirely cash-based economy, the poor are finding the hand-to-mouth cycle abruptly broken. A few hours spent in a bank’s queue may be a minor inconvenience and a patriotic service to the nation to the relatively well-off; to the construction worker, it amounts to a meal unearned, foregone.

Read the PostRobbing Hood Economics of Demonetisation