Demonetisation: a year later

On November 8, 2016, Prime Minister Narendra Modi declared ₹500 and ₹1,000 notes illegal, and gave citizens a limited time in which to deposit or exchange ‘demonetised’ notes.

November 08, 2017 08:33 am | Updated December 01, 2021 06:49 am IST

The never-ending wait: Patiently waiting crowds overflowed the makeshift barricades and extended far down a Bhiwandi street last year.

The never-ending wait: Patiently waiting crowds overflowed the makeshift barricades and extended far down a Bhiwandi street last year.

The Hindu reported extensively on the effects of the move last year. Nearly everyone faced inconvenience; businesses, especially small enterprises that dealt in cash, took big hits. For many of those seriously affected, life was further complicated by the introduction of the Goods and Services Tax. A year after the initial announcement, we take a look at how the two initiatives have throttled business. Neha Nalawade reports.

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