Last chapter on a large note?

Last chapter on a large note? This refers to The Hindu lead story "The short history of a large note" (The Hindu, May 31). It is interesting reading. Well-researched, though restricting the catchment area for research to social media (read WhatsApp forwards) and recent media reports. If memory serves me right, nano chip story implanted in the social media was exposed by mainstream media as early as in 2016. The delay in recalibrating ATMs to load 2k notes was a serious lapse for which RBI is partly responsible. It would appear, for whatever reason, the then RBI governor Raghuram Rajan who was in charge till September 4, 2016 didn't expect demonetisation to happen so soon. Because it has hurt the rich and the powerful, the November 8, 2016 episode will be remembered for long, and like folklore, different versions of the story will do their rounds for decades to come. M G Warrier Mumbai

Comments

Popular posts from this blog

NAVAGRAHA STOTRAM

THE SUNSET OF THE CENTURY

The King of Ragas: Sankarabharanam