The author has glossed over too many known facts in order to try and prove his point that RBI could not have done better during the demonitisation fiasco. He appears to pretend that he is being objective but then lets the cat out of the bag when he claims, without any basis,that demonitisation has actually been accepted by the public without much problem and, uncharitably, lumps all critics together as "Modi bashers". Sorry Professor, your slip is showing !!!
RBI is Great and Greater. It is the custodian of issue of Currency Notes to operate in ways designed by it. When it has been operating a parallel economy what this autonomy -stalwart was doing on its own not to let have a free supply of currency notes to parallel Economy.Some article appeared that contribution of informal economy was 47% to GDP. How did RBI allow that R.Ponnambalam
