As queues lengthen and banks run out of cash, the danger is of India losing patience

Description

The situation has gone from bad to worse – and is likely to worsen in the days to come. Ever since the demonetisation of Rs 500 and Rs 1,000 currency notes was announced by Prime Minister Narendra Modi on November 8, the social media has been abuzz with how some pain has to be endured to make gains in the war against black money, counterfeit currency and terror funding. The situation on the ground, however, has not only gone from bad to worse but is only going to worsen further. Read more at: https://scroll.in/article/821404/as-queues-lengthen-and-banks-run-out-of-cash-the-danger-is-of-people-running-out-of-patience

Publication Date

13-11-2016

Publication Title

Scroll.in

Publisher

Scroll Media Incorporation

Keywords

Economics, Financial sector, Financial services, Banking, Demonetisation, Financial inclusion, Note ban, Currency notes

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https://scroll.in/article/821404/as-queues-lengthen-and-banks-run-out-of-cash-the-danger-is-of-people-running-out-of-patience

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