Question

Was Demonitisation successful on ceasing black money debate(70pts.)

Answer 1

the Prime Minister in his address to the nation on the evening of 8 November, 2016 did list corruption, black money and fake currency notes as the immediate provocation for the drastic measure. Later on, he added cashless economy and later still less cash economy. Critics once again pounced on him saying he was shifting the goal post. And when on 30 August, 2017 Finance Minister Jaitley said confiscation wasn’t the aim of demonetisation but mainstreaming of the economy was, there were many rolled eyes in pretended exasperation and mockery.

Goal post is said to be shifted when it favors one side in a game but here there was just one side---the nation---fighting against black money, corruption and fake currency.  How on earth was then the goal post shifted?  The color of the cat doesn’t matter so long it catches mice said Deng Xiaoping the Chinese paramount leader.  One can add the stated objectives don’t matter when the upshot of a measure is good or favorable.  And in any case fight against black money is also to mainstream the subterranean economy.  In other words mainstreaming was implicit in fight against black money.

Answer 2

Answer:

One can add the stated objectives don’t matter when the upshot of a measure is good or favorable.  And in any case fight against black money is also to mainstream the subterranean economy.  In other words mainstreaming was implicit in fight against black money.