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Demonetisation and 2017, What Lies In The Days To Come

In those days a middle-class housewife would not have thousand rupee notes to tuck way from her savings. Look at it otherwise. A thousand rupee note then equals a twenty rupee note now. Today she does save five hundred or thousand rupee notes. As a friend’s wife told me if her husband has a heart attack at night and she has to take him to a hospital they want a lakh of rupees in cash as a deposit before they...

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